Press Releases and Events
NOVATEK’s Board of Directors Recommends 2024 Dividend
Moscow, 12 March 2025. NOVATEK’s Board of Directors recommended the Annual General Meeting of Shareholders to approve dividend payments for 2024. The total dividend distribution for 2024 will amount to RR 82.15 per ordinary share, including the interim dividends of RR 35.50 per ordinary share paid for the six months of 2024.
The Company’s Annual General Meeting of Shareholders will take place on 17 April 2025 in the form of absentee voting. Shareholders at the close of business on 24 March 2025 will be entitled to participate in the Company’s Annual General Meeting of Shareholders. The recommended date for compiling the list of shareholders entitled to receive dividends is 28 April 2025.
PAO NOVATEK is one of the largest independent natural gas producers 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 Area, 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.