Novatek is a leading Russian natural gas producer and one of the largest independent natural gas producers in the world. The company was founded in 1994 and is headquartered in Moscow, Russia. Novatek is primarily engaged in the exploration, production, processing, transportation, and marketing of natural gas and liquid hydrocarbons.,Novatek operates in the Yamal-Nenets Autonomous Region, which is located in the Arctic Circle in northern Russia. The company's main production assets are located in the Yamal Peninsula, which is one of the most promising regions for natural gas production in Russia. Novatek's production assets include the Yamal LNG project, which is one of the largest liquefied natural gas (LNG) projects in the world.,The Yamal LNG project is a joint venture between Novatek, Total, CNPC, and Silk Road Fund. The project involves the construction of three LNG trains with a total capacity of 16.5 million tons per year. The first train was launched in December 2017, and the second and third trains were launched in 2018 and 2019, respectively. The project has a total investment of $27 billion and is expected to produce LNG for more than 20 years.,Novatek is also involved in the Arctic LNG 2 project, which is a joint venture between Novatek, Total, CNPC, CNOOC, and the Japan Arctic LNG consortium. The project involves the construction of three LNG trains with a total capacity of 19.8 million tons per year. The project has a total investment of $21.3 billion and is expected to produce LNG for more than 25 years.,In addition to its LNG projects, Novatek is also involved in the production of natural gas liquids (NGLs) and condensate. The company's NGL production assets include the Purovsky Plant, which is one of the largest NGL processing plants in Russia. Novatek's condensate production assets include the Ust-Luga Complex, which is one of the largest condensate processing plants in Russia.,Novatek is committed to sustainable development and environmental protection. The company has implemented a number of measures to reduce its environmental impact, including the use of advanced technologies and the implementation of environmental management systems. Novatek is also involved in a number of social and charitable initiatives, including the development of local communities and the support of cultural and educational projects.,In conclusion, Novatek is a leading Russian natural gas producer and one of the largest independent natural gas producers in the world. The company's main production assets are located in the Yamal Peninsula, which is one of the most promising regions for natural gas production in Russia. Novatek is involved in the production of LNG, NGLs, and condensate, and is committed to sustainable development and environmental protection. The company's LNG projects, including the Yamal LNG and Arctic LNG 2 projects, are among the largest in the world and are expected to produce LNG for more than 20 and 25 years, respectively.
