Novatek PAO
- Company typePublic
- Founded1994
- HeadquartersMoscow, Russia
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
Novatek PAO firmographics
Firmographics- Name
- Novatek PAO
- Legal name
- PAO NOVATEK (ПАО НОВАТЭК)
- Website
- https://novatek.ru
- Company type
- Public
- Founded year
- 1994
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Ownership category
- akta.pro rank
Novatek PAO industry classification
Industry- Product category
- Natural Gas and LNG Production
- NAICS
- Natural Gas Extraction (211130), Industrial Gas Manufacturing (325120), Natural Gas Distribution (2212)
- SIC
- Oil & Gas Field Exploration Services (1382), Natural Gas Transmisison & Distribution (4923)
- akta.pro primary industry
- Conventional Natural Gas Exploration & Production (Dry Gas) (EUAAAAAA)
- akta.pro secondary industries
- Industrial CNG/LNG Supply & Distribution (Virtual Pipelines, Trucking, Satellite Storage) (EUALALAA), Gas Processing Plants (Sweetening, Dehydration, NGL Recovery) (EUALACAD), NGL Fractionation (Y-Grade to Purity Products) (EUALACAE), LPG / NGL Terminals (Pressurized/ Refrigerated Gas) (TLAHABAK)
Keywords
Where Novatek PAO is headquartered
LocationHeadquarters
- HQ city
- Moscow
- HQ country
- Russia
- HQ region
- Europe
Offices5 records
Markets served
Novatek PAO business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Infrastructure, Technology or R&D, Personnel, Marketing or Sales
Revenue model
- Natural Gas Sales (Domestic): Sale of natural gas to domestic Russian buyers, representing a significant portion of total gas sales. Sales volumes in Q1 2026 were 21.3 billion cubic meters total.
- LNG Export Sales: Sale of liquefied natural gas produced at Yamal LNG (17.4 mmtpa capacity) and Arctic LNG 2 (19.8 mmtpa design capacity) to international buyers via long-term contracts and spot sales.
- Liquid Hydrocarbons Sales: Sale of gas condensate and processed condensate products (naphtha, kerosene, diesel/gas oil, mazut) from Ust-Luga complex and crude oil. Q1 2026 sales volume of 4.2 million tons.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Spot LNG cargoes at market prices |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels3 records
Novatek PAO product offering
Product offeringCore offering
Novatek PAO is Russia's largest independent natural gas producer engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons, with operations centered in the Yamalo-Nenets Autonomous Area. Its flagship products are liquefied natural gas (LNG) from the operational Yamal LNG plant (17.4 mmtpa nameplate capacity) and the Arctic LNG 2 project (19.8 mmtpa design capacity), supplemented by gas condensate processing at the Purovsky and Ust-Luga complexes producing naphtha, kerosene, diesel/gas oil and mazut.
Product overview
Novatek PAO is Russia's largest independent natural gas producer and a top 4 global LNG producer. The company operates a portfolio of upstream assets (exploration and production of natural gas and liquid hydrocarbons) and downstream processing facilities. Core products include Yamal LNG (17.4 mmtpa capacity, operational since 2017) and Arctic LNG 2 (19.8 mmtpa capacity under development), supported by transshipment infrastructure (Kamchatka and Murmansk terminals) and gas condensate processing at the Purovsky plant and Ust-Luga complex. The company also operates small-scale LNG facilities for domestic Russian market.
Differentiator
Problem solved
Functional benefit
Products and services
- Yamal LNG LNG production facility located in the Yamalo-Nenets Autonomous Area with a nameplate capacity of 17.4 million tonnes per annum, supplying natural gas to international buyers under long-term contracts and spot market sales. Ranked one of the top 4 LNG plants globally by production volume.
- Arctic LNG 2 LNG project under development on the Gydan Peninsula featuring three production trains with combined capacity of 19.8 mmtpa, utilizing gravity-based structure (GBS) construction to reduce capital expenditure and minimize environmental impact in Arctic conditions. Long-term customers include CNPC, CNOOC, Shenergy Group and Zhejiang Energy.
- Natural Gas Exploration and Production Exploration, production, processing and marketing of natural gas and liquid hydrocarbons, with activities concentrated in the Yamalo-Nenets Autonomous Area, accounting for approximately 80% of Russian gas production. Q1 2026 hydrocarbon production of 174.7 million barrels of oil equivalent, including 22.03 billion cubic meters of natural gas and 3.62 million tons of liquid hydrocarbons.
- Gas Condensate Processing Processing of de-ethanized gas condensate and stable gas condensate to produce naphtha, kerosene, diesel/gas oil and mazut, operated at the Purovsky gas condensate plant (ZPK) and the Ust-Luga complex. Q1 2026 sales volume of liquid hydrocarbons of 4.2 million tons.
- Ust-Luga Complex Gas condensate processing and oil export terminal located in the Leningrad region, handling stable gas condensate processing and crude oil exports from NOVATEK's upstream operations.
- Arctic Transshipment Transshipment complexes located in Kamchatka and Murmansk regions for transferring LNG from Arc7 ice-class LNG carriers to conventional vessels, enabling onward delivery to international buyers. The Murmansk-based Saam floating storage unit (FSU) supports Arctic LNG 2 operations.
Quantifiable outcome
- LNG production capacity of 17.4 mmtpa from Yamal LNG + 19.8 mmtpa design capacity from Arctic LNG 2
- +2 more outcomes
Companies that use Novatek PAO
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
Novatek PAO technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Novatek PAO partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered minor and core.
- JSC ASUminorMemorandum of cooperation signed at St. Petersburg International Economic Forum for developing digital solutions for capital construction projects, including AI-based technologies.
- Republic of TatarstanminorPartnership agreement covering education, science, and technology-related areas to be implemented at Innopolis University, focusing on AI technology, mathematical modeling, and forecasting.
- Zvezda ShipyardcoreRussia's most advanced shipbuilder specializing in large Arc7 ice-class LNG carriers. Has delivered only one Arc7 tanker so far for Arctic LNG 2, with 15 more planned.
- Severny Inzhiniring (Severe North Engineering)coreNewly established subsidiary (registered March 25, 2026) to build vessels and floating facilities. Led by Ilya Lushchikov, head of Novatek's Murmansk LNG project. Plans to build 15 Arc7 ice-class tankers at Zvezda shipyard.
- PetroVietnam GasminorPreliminary LNG supply agreement; negotiations ongoing for more than 5 years before reaching preliminary stage. Part of Vietnam's energy diversification strategy.
- Gentry Beach (Texas investor)minorAgreement to develop natural gas projects in Alaska using Novatek's LNG technology, discussed during Trump-Putin Alaska talks. Project in early stages with significant hurdles.
- PipeChinacoreState-owned Chinese pipeline giant operating Beihai terminal in Guangxi (primary entry point for sanctioned Russian LNG since August 2025) and Longkou terminal in Shandong (new 5 mmtpa terminal expected by October 2026).
- Zhejiang EnergycoreLong-term supply agreement for up to 1 million tons per year of LNG from Arctic LNG 2 for 15 years, DES delivery to Zhejiang Energy terminals in China including new power generation facilities.
- Shenergy GroupcoreLong-term LNG supply agreement for over 3 million tons total over 15 years from Arctic LNG 2, DES delivery to terminals in China. Shenergy Group is a subsidiary of Zhejiang Provincial Energy Group.
Scale indicators12 records
Recent moves8 records
Expansion highlights6 records
Novatek PAO competitors and assessment
Company assessmentDirect peers
- QatarEnergy: The world's largest LNG producer with multi-decade offtake relationships across Asian and European markets. Directly comparable as a major LNG supplier targeting the same buyer base as Novatek.
- Equinor ASA: Norwegian integrated energy company with substantial LNG interests (Snøhvit, global portfolio) and Arctic offshore experience. Comparable as a publicly traded LNG producer with cold-climate operating expertise.
- Cheniere Energy: The largest US LNG exporter with comparable scale (tens of mmtpa of capacity) and a pure-play LNG export model. Directly comparable as a publicly traded LNG capacity developer and exporter.
- Woodside Energy: Australia's largest LNG operator (North West Shelf, Pluto, Browse) targeting Asian offtakers. Comparable as a publicly traded LNG-focused producer serving the same Asian customer base as Novatek.
- Petronas: Malaysian state-owned integrated oil and gas company with significant LNG operations and Asian market focus. Comparable as a national oil company with major LNG export capacity serving Asian buyers.
- TotalEnergies: Former 10% partner in Arctic LNG 2 (now divested to NordLine) and operator of major LNG projects globally. Directly comparable as a global LNG major with overlapping customer relationships in Asia and Europe.
Broad incumbents
- Rosneft: Russia's largest oil company with material gas operations. While primarily oil-focused, it is a relevant Russian energy comparable for upstream scale, sanctions exposure, and domestic market dynamics.
- Shell plc: Global integrated energy major with substantial LNG portfolio (incl. Gorgon, LNG Canada, Prelude) and major LNG trading operations. Comparable as a diversified LNG player serving similar Asian/European buyers.
- Gazprom: Russia's largest gas producer and dominant pipeline gas supplier. While state-owned and not a direct LNG competitor, it is the principal comparable for Novatek's domestic natural gas operations and Russian gas reserves base.
Emerging players
- Venture Global LNG: Rapidly scaling US LNG exporter (Calcasieu Pass, Plaquemines, CP2) targeting similar long-term Asian and European offtake contracts. Comparable as a growth-stage LNG capacity developer.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Novatek PAO social profiles
Digital presenceNovatek PAO financial estimates
Financial estimateRevenue estimate
Valuation estimate
Novatek PAO leadership team
Management profileNumber of profiles
Profiles5 records
Novatek PAO subsidiaries and ownership
Company hierarchySubsidiaries5 records
Novatek PAO funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Novatek PAO M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Novatek PAO
What does Novatek PAO do?
Novatek PAO is Russia's largest independent natural gas producer engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons, with operations centered in the Yamalo-Nenets Autonomous Area. Its flagship products are liquefied natural gas (LNG) from the operational Yamal LNG plant (17.4 mmtpa nameplate capacity) and the Arctic LNG 2 project (19.8 mmtpa design capacity), supplemented by gas condensate processing at the Purovsky and Ust-Luga complexes producing naphtha, kerosene, diesel/gas oil and mazut.
Is Novatek PAO a public or private company?
Novatek PAO is a public company. It is classified as public and is currently operating.
When was Novatek PAO founded?
Novatek PAO was founded in 1994. It employs 5,001 to 10,000 people.
Where is Novatek PAO based?
Novatek PAO is headquartered in Moscow, Russia, in the Europe region.
How does Novatek PAO make money?
Three revenue lines are on record. Natural Gas Sales (Domestic) is the primary driver. The others are LNG Export Sales and liquid Hydrocarbons Sales.
Who are Novatek PAO's main competitors?
Direct peers on record are QatarEnergy, Equinor ASA, Cheniere Energy, Woodside Energy, Petronas and TotalEnergies. Broad incumbents are Rosneft, Shell plc and Gazprom. Venture Global LNG is listed as an emerging player.
Does Novatek PAO have an API?
No public API is recorded for Novatek PAO.
What industry is Novatek PAO in?
Novatek PAO's product category is Natural Gas and LNG Production. Its primary akta.pro industry code is EUAAAAAA, Conventional Natural Gas Exploration & Production (Dry Gas), with a secondary code of EUALALAA, Industrial CNG/LNG Supply & Distribution (Virtual Pipelines, Trucking, Satellite Storage). Its NAICS code is 211130 and its SIC code is 1382.