Press Releases and Events
Results of NOVATEK’s Extraordinary General Meeting of Shareholders
Moscow, 25 November 2009. OAO NOVATEK (hereinafter “NOVATEK”) today announced the results of its Extraordinary General Meeting of Shareholders (“EGM”), held on 24 November 2009.
The EGM resolved to approve the parameters for several interrelated interested party transactions. The transactions concern gas supply contracts between NOVATEK and OAO INTER RAO UES, acting on its own behalf or on behalf of OAO OGK – 1, and amendments to the Natural Gas Supply Contract between NOVATEK and OOO Mezhregiongas.
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.