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NOVATEK Signed an Additional Agreement with the Yamalo-Nenets Autonomous District
Mark Gyetvay, Deputy Chairman of the Management Board
Alexander Nazarov, Head of IR
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Mikhail Lozovoy, Press-secretary
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02 June 2017
Saint-Petersburg, 2 June 2017. As part of today’s 21st Saint Petersburg International Economic Forum, PAO NOVATEK (“NOVATEK”) signed an additional agreement to the Agreement on Cooperation with the Government of the Yamalo-Nenets Autonomous District (YNAO).
The additional agreement provides the financing of social and economic activities in the YNAO in 2017.
The Chairman of NOVATEK’s Management Board Leonid Mikhelson noted: "Following the principles of sustainable development and social responsibility, we are developing cooperation with one of the main region of our activity. In 2017, we will continue to support indigenous people, to implement social, educational and cultural programs in the YNAO”.
PAO NOVATEK is one of the largest independent natural gas producers in Russia. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. The Company’s upstream activities are concentrated 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 16% 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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