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Results of NOVATEK Board of Directors meeting

Moscow, 14 December 2006. OAO NOVATEK today announced the results of a meeting of the newly elected Board of Directors which took place on 13 December 2006. At the meeting, the following organizational issues were addressed: election of the Chairman of the Board and the election of Chairmen of the Board Committees. The results were as follows:

  • Chairman of the Board of Directors: Natalenko, Alexander Yegorovich
  • Chairman of the Audit Committee: Dmitriev, Vladimir Alexandrovich
  • Chairman of the Corporate Governance Committee: Vardanian, Ruben Karlenovich
  • Chairman of the Strategy and Investment Committee: Yuzhanov, Ilia Arturovich

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.