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Novatek Sustainability Report on the Territory of the Russian Federation in 2012 Contents 2012 NOVATEK SUSTAINABILITY REPORT ON THE TERRITORY OF THE RUSSIAN FEDERATION IN 2012 CONTENTS Letter from the About the Report Company Chief Executive Officer and Reporting Profile of OAO NOVATEK Process P.3 1 P.5 2 P.8 Economic Environmental Occupational Performance and Protection Health and Sustainability Safety 11P. P.20 P.33 Human 3 Local 4 GRI content 5 Resources and Communities index Social Policies 6 P.39 7P.48 P. 59 NOVATEK SUSTAINABILITY REPORT 3 Letter from the Chief Executive Officer of OAO NOVATEK ON THE TERRITORY OF THE RUSSIAN FEDERATION IN 2012 LETTER FROM THE CHIEF EXECUTIVE OFFICER OF OAO NOVATEK DEAR STAKEHOLDERS, We are very pleased to present our Sustainability Report Today, Russia’s share in the global natural gas production We expect that liberalization of the Russian gas market set for 2012 prepared in accordance with the Global Reporting is nearly 18%, while its share in the global production of by the government and supported by the independent gas Initiative (GRI) guidelines. LNG is only 4.5%. We believe that LNG will account for the producers will continue, which will lead to further increasing major part of the natural gas consumption growth globally, competition. Since the Company’s inception our business Our vast hydrocarbon resource base is concentrated in and Russia’s share in LNG production is forecasted to model has been based on a client-focused approach, the Yamal-Nenets Autonomous Region, the world’s largest increase to approximately 15% according to the country’s which materially strengthens our competitive position natural gas production area with a well-developed pipeline domestic gas industry development plans. Therefore, in in the Russian domestic market. In 2012, as part of this infrastructure and a long history of responsible field the reporting year, we continued implementing the Yamal client-focused approach we developed and implemented development. As of the end of 2012, NOVATEK ranked LNG project, which envisages construction of an LNG a standardized contract allowing unifying natural gas fourth amongst publicly traded companies in terms of plant on the Yamal Peninsula based on the feedstock supply terms for all our clients in the Chelyabinsk region proven natural gas reserves according to the U.S. Security resources of the South-Tambeyskoye natural gas and gas and making these terms fully transparent. and Exchange Commission reserve methodology. Our condensate field. The implementation of the Yamal LNG substantial proven reserve base allows us view the future project, including construction of a sea port in the Sabetta Stable, mutually beneficial relationship with consumers is with confidence and continues to effectively increase settlement, airport and ice-class tankers, together with the the key priority of our marketing policy. Our share on the hydrocarbon production. development of our resource base on the Gydan peninsula Russian gas market in recent years has been growing and will become strong drivers for economic growth of the exceeded 16% in 2012. For the first time in our history, we In 2012, NOVATEK’s gross hydrocarbon production Russian North and contribute to its social development. executed long-term delivery contracts for periods of up to increased by 7% as compared with 2011, led by our 15 years. Such contracts were concluded with MMK, the Yurkharovskoye field, where the fourth stage of Phase Two We also continued the construction of the Gas Condensate Russian subsidiaries of E.ON and Fortum, and subsidiaries development was launched, and reached its maximum Fractionation and Transshipment Complex in the port of of the Mechel Group, with annual delivery volumes under daily production level by the end of the reporting year. We Ust-Luga, the first phase of which was launched in June these contracts are expected to comprise up to 30% of also began production of natural gas and gas condensate 2013. The complex processes stable gas condensate into our total gas sales in the coming years. We also signed at the Samburgskoye field, where the first two phases light and heavy naphtha, jet and diesel fuels as well as a five-year contract with OAO Severstal providing for total of gas treatment facilities were commissioned during heating oil, and allows us to export the petroleum products supplies of approximately 12 bcm of natural gas, as well 2012 along with production wells and the necessary by the all-season Baltic Sea. State-of-the-art equipment as a three-year contract with OAO Mosenergo to supply transportation infrastructure. We continued to actively has been installed at the Ust-Luga Complex to ensure 27 bcm of natural gas. work on implementing new projects that are expected maximum automation of technological processes, and to to contribute to our sustainable production growth in provide the highest level of industrial and environmental We aim to build the most effective supply chain for our the future and, eventually with the launch of our Yamal safety. The Ust-Luga Complex is located on artificially liquids sales. In particular, we are actively using the Arctic LNG project, allow us to enter the liquefied natural gas reclaimed land and this fact predetermined the compact Ocean’s Northern Sea Route, as the shortest navigable (LNG) market. design layout of processing facilities. route to the fast-growing markets in the Asian-Pacific Region. The use of the Northern Sea Route will continue to contribute to the development of the Russian Arctic shipping industry and, as of this reporting period, more than one million tons of stable gas condensate has been delivered via the Northern Sea Route from its inception. NOVATEK SUSTAINABILITY REPORT 4 Letter from the Chief Executive Officer of OAO NOVATEK ON THE TERRITORY OF THE RUSSIAN FEDERATION IN 2012 Although increasing shareholder value is an important We support educational development programs by business objective for the Company, we strongly adhere providing grants to students and teachers, we assist to conservative financial policies and improving the talented students and expect to see them at the Company’s Company’s corporate governance as well as ensuring enterprises after they graduate. In 2012, we launched the sustainable development in our core operational “Steps towards Talent Discovery” Program that allows decisions. These important concepts are embedded new employees to learn specifics of the technological throughout our corporate strategy and underscore our processes, successfully develop their professional skills investment decisions. and to uncover their creative potential. Our efforts in attracting youth are producing results. In 2012, the share Our core oil and gas operations are located in ecologically of employees younger than 35 years holding senior sensitive areas; therefore, environmental protection and management positions increased to 15.1% as compared the implementation of best practices are integral parts to 12.6% in 2011. of our sustainable development concept. Our gross environmental impact increased following a growth in We understand that social responsibility means safe production volumes; however, we were able to maintain workplaces for our employees, various opportunities for our safety record through enforcing the highest level of development and growth, social protection and a wide industrial safety at all of our facilities. In 2012, more than array of benefits for employees, members of their families two thousand hectares of land were rehabilitated by and retired employees. NOVATEK and turned over to the primary land user, which exceeded the prior year’s results by 25%. We maintain an ongoing dialogue with all of our stakeholders and intend to continue providing them We are discussing construction programs for large with comprehensive information about the impact of the new facilities with the population living in the area of Company’s activities on socio-economic development our operations. In the reporting year, public hearings and the environment. It is important for us to know what took place on construction of the third and fourth you think about our business; therefore, we would be phases of the Purovsky condensate processing plant, grateful for any feedback and comments you might have as well as construction of the sea port facilities near that will make our contribution to sustainable development Sabetta settlement. even more significant. We believe that business development is inseparable from corporate social responsibility. We continued our mutual CHIEF ExECUTIVE OFFICER, OAO NOVATEK cooperation with regional and local authorities under the LEONID MIKHELSON Social-Economic Cooperation Agreements. The funds allocated are invested in the construction of important facilities of social infrastructure, providing assistance to the minority peoples of the Far North, socially vulnerable populations, and in cultural and sports projects. NOVATEK SUSTAINABILITY REPORT ON THE TERRITORY OF THE RUSSIAN FEDERATION IN 2012 ABOUT THE REPORT AND REPORTING PROCESS NOVATEK PREPARES ITS SUSTAINABILITY REPORTS IN ACCORDANCE WITH THE GLOBAL REPORTING INITIATIVE (GRI) GUIDELINES 1 NOVATEK SUSTAINABILITY REPORT 6 About the Report and Reporting Process ON THE TERRITORY OF THE RUSSIAN FEDERATION IN 2012 ABOUT THE REPORT AND REPORTING PROCESS USING NON-FINANCIAL REPORTING PRINCIPLES FOR PRESENTING AND ABOUT THIS REPORT SYSTEMS AND VERIFICATION SELECTING INFORMATION We consider the regular reporting of NOVATEK’s The Company uses an annual Reporting cycle. This When the Report concept was being
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