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. 

 

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OAO NOVATEK is Russia’s largest independent gas producer and the second-largest natural gas producer 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 Region, which is the world's largest natural gas producing area and accounts for over 90% of Russia's natural gas production and 20% of the world’s gas production. NOVATEK is an open joint stock company established under the laws of the Russian Federation. The Company’s shares are listed on the Russian Trading System (RTS) and the London Stock Exchange (LSE) under the ticker symbol ‘NVTK’ and on the NASDAQ PORTAL System as Rule 144A GDR under the ticker symbol “NVATY”.