OAO NOVATEK Company Description
In the Russian natural gas market, NOVATEK is a major player. The company is the country's largest independent gas producer and second largest producer of natural gas (behind state-owned Gazprom). Established in 1994, NOVATEK explores for and processes natural gas and liquid hydrocarbons, boasting 4.7 billion barrels of oil equivalent reserves. It sells natural gas directly throughout the country. NOVATEK focuses its production on the prolific Yamal-Nenets region, the world's largest natural gas area. Power generation plants, metallurgical plants, and wholesale gas suppliers are among the company's main customers.
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The Company Description provides a historical perspective of OAO NOVATEK's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of OAO NOVATEK's evolution in the marketplace.
