Methane Guiding Principles welcomes PAO NOVATEK as its newest signatory. NOVATEK is the largest independent natural gas producer in Russia. The company is principally engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons and has more than 20 years of operational experience in the Russian oil and natural gas sector.
As a signatory, NOVATEK joins a voluntary coalition of industry and non-industry organizations that are focused on priority areas for action across the natural gas supply chain, from production to the final consumer.
“With a large share of natural gas in our energy production mix, NOVATEK already has one of the lowest greenhouse gas and methane emissions intensity across the global oil and gas sector. Recently we published our environmental and climate change targets, and we are the only Russian oil and gas company with the long-term goal to reduce specific methane emissions by 4% by 2030.”Mark Gyetvay, Deputy Chairman of the Management Board, PAO NOVATEK