Novatek

Novatek OAO

Type	Public ()
Traded as	MCX: NVTK :
Industry	Oil and gas
Founded	1994 (1994)
Headquarters	Tarko-Sale, Russia
Key people	Alexander Y. Natalenko (Chairman) Leonid Mikhelson (CEO)
Products	Petroleum Natural gas
Revenue	₽298.1 million (2013)
Operating income	₽88.525 million (2013)
Net income	₽79.8 million (2013)
Number of employees	5,997
Website	www.novatek.ru/en/

Not to be confused with Novatek Inc, a US company that produces synthetic diamonds for the oil and gas industry.

Novatek (Russian: ОАО «НОВАТЭК», MCX: NVTK, : ) is Russia's largest independent natural gas producer, and the seventh largest publicly traded company globally by natural gas production volume. The company was originally known as OAO FIK Novafininvest. Novatek is based in the Yamalo-Nenets Autonomous Region in West Siberia, and maintains a sales office in Moscow.

The major gas field owned by Novatek is the Yurkharovskoye field. On 27 May 2009, Novatek bought a 51% stake in Yamal LNG from Volga Resources, which controls the giant South-Tambeyskoye field. On 2 July 2010, Novatek purchased Tambeyneftegas, which holds the licence to the Arctic Malo-Yamalskoye field, located on the Yamal Peninsula and holding 161 billion cubic metres (5.7 trillion cubic feet) of natural gas and 14.4 million tonnes of gas condensate. Novatek and Gazprom plan to build a liquefied natural gas plant in Yamalo-Nenets Autonomous Okrug. Total S.A. will also be involved as a 20% shareholder. Together with Total S.A., Novatek is developing the Termokarstovoye field in Yamal.

In December 2010, Novatek bought a 51% stake in Sibneftegaz from Gazprombank (Itera owns 49% of the shares). Sibneftegaz holds licences for exploration and production in the Yamal-Nenets region, including for the Beregovoye field, Pyreinoye field, Zapadno-Zapolyarnoye field, and the Khadyryakhinskiy licence area. Sibneftegaz owns rights to develop oil and gas condensate fields with a total resource of 395.53 bcm of natural gas and 8.44 million tonnes of gas condensate.