Business Strategy

Strategy Presentation

Our strategic priorities are:

  • Growth of the resource base and efficient reserve management;
  • Maintaining sustainable rates of growth of hydrocarbon production;
  • Maintaining a low-cost structure; and
  • Optimizing and expanding existing marketing channels, and creating new marketing channels, including the future entry into the international market for liquefied natural gas.

NOVATEK’s success in strategy implementation is based on competitive advantages which include: size and structure of the resource base; existing infrastructure close to core producing fields; a well-developed customer base for natural gas sales; own facilities for gas condensate processing and exports; and developed marketing channels for liquefied petroleum gases (LPG). Our high level of operational flexibility and our consistent and efficient use of leading edge technologies in production and processing practices as well as our adherence to sound and prudent business management support our competitive position.

Our commitment to social responsibility and to observing the latest environmental, health and safety standards are integral parts of NOVATEK’s development strategy.