Investing in Long-Term Growth
  • 16, December 2014
    Launch of second stage of Urengoyskoe field read more
  • 11, December 2014
    First stage of Urengoyskoe field ramped up to full capacity read more
  • 26, November 2014
    Yenisey Power Substation built by Stroytransgaz PJSC put in operation in Krasnoyarsk read more

Volga Group is a privately-held investment group that directly or indirectly holds interests in a variety of assets on behalf of Gennady Timchenko.

NOVATEK, the largest independent gas producer in Russia, operates based on social responsibility guidelines, contributing to social and economic development of the regions of its operation, and striving to minimise its negative environmental impact.

Employees’ health and safety

There are health and safety committees in the Company, the members of which include representatives of trade union organisations. The working conditions and the hazardous production factors are regularly analysed, and the employees are trained under special-purpose OHS programmes.

Environmental responsibility

NOVATEK is fully conscious of the environmental risks associated with crude hydrocarbons production, transportation and processing. The Company’s priorities include reduction of pollutant emissions, waste recycling, water body protection, and land rehabilitation. Since 2008, the Company has used a new drilling technology allowing for mud recycling, and treatment of slurry to be used in road construction.

Philanthropy and sponsorship:

NOVATEK supports Russia’s largest cultural centres, leading artists, recognised public philanthropic organisations, and sports teams.

For many years the Company has been a partner to the Moscow Kremlin Museum, the Russian Museum, the State Tretyakov Gallery, the Moscow Museum of Modern Art, the Moscow House of Photography, the Samara Regional Art Museum, etc. NOVATEK is the primary partner of the concerts of the Moscow Soloists, a Grammy-winner chamber orchestra managed by Yuri Bashmet, and supports the Samara branch of the Russian Union of Composers, the Samara Bards, the Centre of Vladimir Vysotsky in Samara, and Andrey Petrov Foundation.

NOVATEK is the primary partner of Dynamo hockey club (Moscow), Spartak basketball club (St Petersburg), and Nova volleyball club (Novokuybyshevsk). The Company also pays much attention to mass sports development: it financed the construction of a stadium in Tarko-Sale which became popular among the citizens, and hosts the majority of local sports competitions.