Source - RNS
RNS Number : 9151I
OAO Novatek
05 September 2016




FOR IMMEDIATE RELEASE                                                      


NOVATEK signs Cooperation Agreement with Federal and Regional Administrations


Vladivostok, September 05, 2016. OAO NOVATEK (NOVATEK or the Company) signed a Cooperation Agreement with the Russian Ministry of Natural Resources and Environment, the Federal Supervisory Natural Resources Management Service, and the Government of the Yamal-Nenets Autonomous Region.

The document stipulates implementing NOVATEK's corporate greenhouse gas emissions management system and further certification thereof under ISO 14064. Under this project, sources of greenhouse gas emissions will be categorized, a respective calculation method will be selected and automated reporting will be developed.



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OAO NOVATEK is Russia's largest independent gas producer and the second-largest natural gas producer in Russia. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. The Company's upstream activities are concentrated in the prolific Yamal-Nenets Autonomous Region, which is the world's largest natural gas producing area and accounts for approximately 80% of Russia's natural gas production and approximately 16% of the world's gas production. NOVATEK is an open joint stock company established under the laws of the Russian Federation. The Company's shares are listed in Russia on Moscow Exchange (MOEX) and the London Stock Exchange (LSE) under the ticker symbol «NVTK».




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