Aug 1, 1994 CE
Novatek Founded
Novatek is established in Tarko-Sale, Yamalo-Nenets Autonomous Okrug, by Leonid Mikhelson and other partners, initially focusing on natural gas production in Western Siberia. #corporate #founding
Chronological Storyline (44 Milestones)
1996 CE
East-Tarkosalinskoye Field Acquisition
Novatek acquires the East-Tarkosalinskoye gas field, its first major asset, boosting production capacity. #acquisition #energy
1997 CE
First Gas Production Milestone
Novatek begins commercial gas production, reaching an annual output of 1 billion cubic meters, marking its entry into the Russian gas market. #production #milestone
1999 CE
Acquisition of Khancheyskoye Field
Novatek acquires the Khancheyskoye field, further expanding its resource base in the Yamal region. #acquisition #expansion
Jun 1, 2001 CE
Corporate Restructuring into OAO Novatek
Novatek is reorganized into an open joint-stock company (OAO), positioning for future growth and potential public listing. #corporate #restructuring
2002 CE
Yurkharovskoye Field Development Begins
Novatek starts development of the Yurkharovskoye field, one of its largest assets, which later becomes a key production hub. #development #gasfield
2003 CE
Acquisition of Termokarstovoye Field
Novatek acquires the Termokarstovoye field in the Yamal region, adding significant gas reserves. #acquisition #expansion
2004 CE
Gas Production Reaches 10 Billion Cubic Meters
Annual gas production hits 10 bcm, driven by new field developments, solidifying Novatek's position as Russia's largest independent gas producer. #production #milestone
Jul 20, 2005 CE
IPO on the Moscow Interbank Currency Exchange (MICEX)
Novatek holds its initial public offering on MICEX (now Moscow Exchange), raising $900 million and listing under ticker NVTK. #ipo #finance
May 1, 2006 CE
Bond Issuance for Expansion
Novatek issues its first corporate bonds, raising $300 million to finance field development and infrastructure projects. #finance #bonds
Dec 1, 2007 CE
First Dividend Payment
Novatek pays its first dividend to shareholders, marking the start of regular shareholder returns. #dividends #finance
2008 CE
Production Reaches 25 Billion Cubic Meters
Novatek achieves annual gas production of 25 bcm, doubling output in four years, driven by Yurkharovskoye and other fields. #production #growth
Mar 1, 2009 CE
Strategic Partnership with Gazprom
Novatek signs a long-term agreement with Gazprom for gas transportation and sales, ensuring access to the Unified Gas Supply System. #partnership #gazprom
Dec 1, 2010 CE
Entry into LNG with Yamal LNG Feasibility Study
Novatek completes a feasibility study for the Yamal LNG project, marking its strategic entry into liquefied natural gas. #lng #project
By Imagery from LANCE FIRMS operated by NASA's Earth Science Data and Information System (ESDIS) with funding provided by NASA Headquarters. - https://firms.modaps.eosdis.nasa.gov/map/#d:2026-07-10;l:fires_all,earth;@72.047,71.246,14.760z, Public domain, https://commons.wikimedia.org/w/index.php?curid=195490268
Mar 1, 2011 CE
Total S.A. Acquires 12% Stake in Novatek
French oil major Total S.A. purchases a 12% stake for $4 billion, becoming a strategic partner and opening international collaboration. #investment #partnership
By I Tangopaso (talk)) created this photograph. - Own work, PD, https://en.wikipedia.org/w/index.php?curid=24997027
Jul 1, 2012 CE
Acquisition of SeverEnergia Assets
Novatek acquires 51% of SeverEnergia, a joint venture with Gazprom Neft and Naftna Industrija Srbije, expanding its resource portfolio. #acquisition #expansion
Apr 22, 2013 CE
Final Investment Decision on Yamal LNG
Novatek and partners take FID on Yamal LNG, a $27 billion project to build a liquefaction plant in the Arctic. #lng #investment
Oct 1, 2013 CE
Gas Reserves Exceed 1 Trillion Cubic Meters
Novatek's proven gas reserves surpass 1 trillion cubic meters, solidifying its resource base. #reserves #milestone
May 1, 2014 CE
First Oil from SeverEnergia's East-Tarkosalinskoye
Novatek begins oil production at SeverEnergia fields, diversifying beyond natural gas. #oil #diversification
Sep 2, 2015 CE
China's CNPC Buys 20% Stake in Yamal LNG
China National Petroleum Corporation acquires a 20% stake in Yamal LNG, providing financing and market access for LNG exports. #partnership #china
Mar 9, 2016 CE
First LNG Shipment from Yamal LNG Pilot Run
Yamal LNG produces its first LNG from the initial train, ahead of schedule, marking a major operational success. #lng #production
Dec 8, 2017 CE
Yamal LNG Inaugurated by President Putin
President Vladimir Putin officially opens Yamal LNG, a strategic Arctic project with three trains totaling 16.5 million tons per year capacity. #lng #artic
Jan 1, 2018 CE
Novatek Becomes Largest Independent Gas Producer Globally
With Yamal LNG ramping up, Novatek's production exceeds 60 bcm of gas equivalent, making it the world's largest independent gas producer by output. #production #milestone
Dec 20, 2018 CE
Novatek Joins UN Global Compact
Novatek becomes a signatory to the UN Global Compact, committing to sustainability and corporate responsibility. #sustainability #un
By UN Global Compact - https://www.unglobalcompact.org/assets/ungc_masterbrand_solid_white-7afbb29ddd9ad803967748dffc9bebd730fe7c8cda9b1f968d044671ac3121a3.svgColor from https://www.unglobalcompact.org/assets/application-6806450496b41f792a8c2e77b33c92fff52d8c0b1205158b851b124c9fb21ec3.css, Public domain, https://commons.wikimedia.org/w/index.php?curid=116592459
May 23, 2019 CE
Total Increases Stake to 19.4%
Total S.A. increases its shareholding in Novatek to 19.4% via a share swap, deepening strategic ties. #investment #partnership
Mar 1, 2020 CE
Arctic LNG 2 Final Investment Decision
Novatek and partners take FID on Arctic LNG 2, a $21 billion project on the Gydan Peninsula, with capacity of 19.8 million tons per year. #lng #project
Sep 2, 2020 CE
Novatek's First LNG Cargo via Northern Sea Route
Novatek ships its first LNG cargo from Yamal LNG to Asia via the Northern Sea Route, reducing transit time to 15 days. #lng #logistics
Oct 1, 2020 CE
First Carbon Neutral LNG Cargo Delivered
Novatek delivers its first carbon neutral LNG cargo to Asia, offsetting emissions via carbon credits. #lng #carbonneutral
Jan 1, 2021 CE
Production Exceeds 80 Billion Cubic Meters of Gas Equivalent
Annual hydrocarbon production surpasses 80 bcm equivalent, driven by Yamal LNG and new fields. #production #growth
May 14, 2021 CE
First Train of Arctic LNG 2 Begins Construction
Gravity-based structure (GBS) for the first train of Arctic LNG 2 is launched, marking a key construction milestone. #construction #lng
Feb 28, 2022 CE
Sanctions Impact: TotalEnergies Freezes Investments
Following Russia's invasion of Ukraine, TotalEnergies halts new cash investments in Novatek, affecting Arctic LNG 2 financing. #sanctions #energy
Apr 8, 2022 CE
Novatek Removed from MSCI Russia Index
MSCI removes Novatek from its Russia indexes after sanctions, impacting foreign investment flows. #finance #index
May 20, 2022 CE
Novatek Wins Arbitration Against Repsol
International arbitration rules in Novatek's favor over a pricing dispute for SeverEnergia stakes, awarding $1.2 billion. #legal #arbitration
Nov 1, 2022 CE
Arctic LNG 2 First Train Production Delayed
Due to sanctions and contractor pullouts, Novatek announces delays in first LNG production from Arctic LNG 2, originally expected in 2023. #delay #lng
Jun 1, 2023 CE
Novatek Acquires 100% of SeverEnergia from Repsol
Novatek buys out Repsol's stake in SeverEnergia, consolidating ownership and boosting oil production. #acquisition #oil
Dec 1, 2023 CE
Arctic LNG 2 Produces First LNG Despite Sanctions
The first train of Arctic LNG 2 begins LNG production, but export restrictions limit sales to Asian markets via shadow fleet. #lng #sanctions
Jan 1, 2024 CE
Novatek Implements New Corporate Structure
Novatek reorganizes into two divisions: Upstream and LNG, to streamline operations amid geopolitical challenges. #corporate #restructuring
Mar 15, 2024 CE
Debt Repayment of $2 Billion Bond
Novatek repays a $2 billion Eurobond despite sanctions, demonstrating financial resilience. #finance #debt
Jul 1, 2024 CE
Market Capitalization Exceeds $50 Billion
Novatek's market cap on MOEX reaches $50 billion, making it one of the most valuable Russian companies. #finance #marketcap
Sep 1, 2024 CE
Novatek Announces Hydrogen Pilot Project
Novatek launches a pilot project for hydrogen production from natural gas with carbon capture, aiming for decarbonization. #hydrogen #cleanenergy
Feb 10, 2025 CE
MOEX Listing Moves to First Level
Novatek's shares are reclassified to the First Level of the Moscow Exchange quotation list, reflecting high liquidity and market standing. #moex #listing
By Fitiss - Own work, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=29902362
May 1, 2025 CE
Hydrogen Pilot Produces First Green Hydrogen
Novatek's pilot hydrogen plant produces its first green hydrogen using electrolysis powered by renewables, aligned with decarbonization goals. #hydrogen #greenenergy
Jun 1, 2025 CE
Annual Shareholders Meeting Approves Dividend Increase
Shareholders approve a 15% dividend increase for 2024 profits, underscoring Novatek's commitment to shareholder returns. #dividends #shareholders
Oct 1, 2025 CE
Murmansk LNG Project Feasibility Study Completed
Novatek completes a feasibility study for a new LNG plant near Murmansk, leveraging the Northern Sea Route for exports. #lng #project