Press Releases and Events
Results of NOVATEK’s Extraordinary General Meeting of Shareholders
Moscow, 27 June 2011. OAO NOVATEK (“NOVATEK”) has announced the results of its Extraordinary General Meeting of Shareholders (EGM) held in Moscow today.
The EGM resolved the following agenda items:
- Approved the early termination of the authorities of the members of NOVATEK’s Board of Directors;
- Approved the election of a new Board of Directors; and
- Approved the related party transaction between OAO NOVATEK and OAO OGK-1.
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.