NOVATEK and Gazprom agree on sustainable development

The companies join their efforts to maintain biodiversity and minimize negative impact on the Arctic ecosystem.

NOVATEK and Gazprom have signed an agreement on cooperation in sustainable development.

As part of today’s St. Petersburg International Economic Forum, Leonid Mikhelson, Chairman of the Management Board of NOVATEK, and Alexey Miller, Chairman of the Management Committee of Gazprom, signed an Agreement on Cooperation in Sustainable Development of the Russian Federation Arctic Zone.

The parties intend to cooperate in environment protection, biodiversity preservation, environmental monitoring, standardization in the area of environmental safety, hydrogen energy and support of the indigenous peoples of the North.

Leonid Mikhelson, NOVATEK‘s Chairman of the Management Board, “Joint activities with Gazprom under this agreement will focus on arranging continuous monitoring of pinniped habitats in the Ob Bay and the Northern Sea Route water area. Cooperation of major subsoil users in the Russian Arctic will foster the preservation of the region’s ecosystem, its social and economic development.”

Despite recent challenges, Gazprom’s business remains financially robust, and it continues to deliver the same level of service as usual. Strategic projects to increase competitiveness are underway and it is actively renewing customer contracts and winning new clients.

Zohaib Ali

Zohaib is the editor of H2 Bulletin. Please click on the email icon to contact me if you want to talk about a news.
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