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NOVATEK establishes new Board sub-committee for LNG projects
04 December 2009
Moscow, 4 December 2009. The Board of Directors (the “Board”) of OAO NOVATEK (“NOVATEK” and/or the “Company”) has approved the establishment of a sub-committee within the Strategy and Investments Committee to oversee the development of LNG projects and natural gas markets.
The head of the new sub-committee is Burkhard Bergmann who was recently elected to the Board’s Strategy and Investments Committee and is also a member of the Corporate Governance and Remuneration Committee. The other Board members on the sub-committee are Mark Gyetvay and Gennady Timchenko.
For a complete list of NOVATEK’s Board of Directors and Board Committee members please visit the Company’s web site at www.novatek.ru.
PAO NOVATEK is the largest independent natural gas producer in Russia, and in 2017, entered the global LNG market by successfully launching the Yamal LNG project. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. Upstream activities of the Company’s subsidiaries and joint ventures are concentrated mainly in the prolific Yamal-Nenets Autonomous Region, which is the world’s largest natural gas producing area and accounts for approximately 80% of Russia’s natural gas production and approximately 15% of the world’s gas production. NOVATEK is a public joint stock company established under the laws of the Russian Federation. The Company’s shares are listed in Russia on Moscow Exchange (MOEX) and the London Stock Exchange (LSE) under the ticker symbol «NVTK».
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