Press Releases and Events
Results of NOVATEK’s Extraordinary General Meeting of Shareholders
Moscow, 30 July, 2008. The Extraordinary General Meeting of Shareholders of OAO NOVATEK resolved to introduce amendments to the Company’s Charter and General Policy of the Board of Directors due to the increase in number of members of the Board of Directors to nine (9) members.
This decision will establish conditions for increasing the number of independent directors working on the Company’s Board, and is consistent with the Company’s ongoing efforts to adopt corporate governance best practices.
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.