[10] In June 2010 Novatek and Gazprom announced plans to build a liquefied natural gas plant in Yamalo-Nenets Autonomous Okrug.

these companies:[citation needed] It was announced in 2013 that Novatek would develop the Sabetta port on the Yamal Peninsula, in a joint project with the Russian government to allow LNG exports by sea.

[19] In September 2021, Yamal SPG Resurs of Novatek bought Arkticheskoye and Neytinskoye fields for 10,88 and 2,28 billion dollars respectively for further geological study of subsurface resources, exploitation and production.

[24] Novatek exploitation of Arctic energy resources include the planned Arctic LNG 1, 2 and 3 liquefied natural gas plants which are being developed so that Novatek will become the main player in the Liquefied natural gas industry in Russia with plans to generate LNG capacity of 70 million tons per annum (MTPA) by 2030.

[26] Novatek was in the news in March 2024 when the Moscow Times disclosed that a number of European suppliers for its LNG projects in the Gulf of Ob had traded with it, seemingly in contravention of EU sanctions imposed in the wake of the 2022 Russian invasion of Ukraine.

[27] In May 2024, Novatek launched the North Chaselskoye gas and condensate field in West Siberia, with an annual capacity of 3 billion cubic meters, aimed at supporting domestic needs and the upcoming Murmansk LNG project in northwestern Russia.

[30][31][32] On July 16, 2014, Novatek was placed on the Sectoral Sanctions Identification list by the U.S. Department of the Treasury following Russia’s continued attempts to destabilize eastern Ukraine.

On January 29, 2018, CEO Leonid Mikhelson was named in a Countering America's Adversaries Through Sanctions Act report delivered to Congress.

[33] Sanctions against Russian banks have caused the cancellation of South Korean contracts to build Arc7 tankers, needed for the Arctic 2 LNG plant, when payment deadlines were missed in May 2022.

[37] On March 28, 2023, a jury found Gyetvay guilty of hiding his foreign assets, defrauding the IRS, and failing to file tax returns between 2005 and 2015.

[39] In April 2022, former Deputy Chairman on the Board of Directors, Sergey Protosenya, reportedly stunned his wife and daughter with an axe and then stabbed them to death before hanging himself, at a luxury villa in Lloret de Mar, Spain.

Two other similar reports of gas company executives killing their wives and children emerged around the same time in Moscow.