Press Releases and Events
Notice from the Company’s Directors
Moscow, 21 December 2010. OAO NOVATEK (“NOVATEK” or the “Company”) today announced that it was notified by HIBRIDGE VENTURES LIMITED of its right to purchase NOVATEK’s ordinary shares.
The Company was notified by HIBRIDGE VENTURES LIMITED, an entity that is owned 50/50 by a member of NOVATEK’s Board of Directors and Chairman of NOVATEK’s Management Board, Mr. Leonid V. Mikhelson, and a member of NOVATEK’s Board of Directors, Mr. Gennady N. Timchenko, that on 21 December 2010, it entered into an agreement with DHIGNFINOLHU HOLDING LIMITED, that grants HIBRIDGE VENTURES LIMITED the right to purchase 285 508 031 ordinary shares, representing 9.4% of NOVATEK’s charter capital, within a two-year period.
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.