PAO Novatek 2023 AR2
The report highlights PAO NOVATEK's operational and financial achievements for the fiscal year 2023, including reaching a reserve replacement ratio of 104% and accounting for 12.8% of total Russian natural gas production. Key milestones included the successful marine towing of the first 6.6-mtpa process train for the Arctic LNG 2 project and the launch of a hydrocracking unit at the Ust-Luga Complex. The company also secured Russian patents for its proprietary large-scale natural gas liquefaction technologies, Arctic Cascade Modified and Arctic Mix. In terms of sustainability, NOVATEK focused on decarbonization, securing patents for low-carbon ammonia and pure hydrogen processes, while continuing its commitment to environmental protection, safety culture transformation, and regional social programs.
Company: PAO Novatek
Sector: Mining & quarrying
Country: Russia
Year: 2023
Type: AR2
Pages: 89
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PAO Novatek
Annual Report
The report highlights PAO NOVATEK's operational and financial achievements for the fiscal year 2023, including reaching a reserve replacement ratio of 104% and accounting for 12.8% of total Russian natural gas production. Key milestones included the successful marine towing of the first 6.6-mtpa process train for the Arctic LNG 2 project and the launch of a hydrocracking unit at the Ust-Luga Complex. The company also secured Russian patents for its proprietary large-scale natural gas liquefaction technologies, Arctic Cascade Modified and Arctic Mix. In terms of sustainability, NOVATEK focused on decarbonization, securing patents for low-carbon ammonia and pure hydrogen processes, while continuing its commitment to environmental protection, safety culture transformation, and regional social programs.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Published
Mar 1, 2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Workplace Fatalities
Employees