Press Releases and Events
Depositary Receipt Program Continues
Moscow, 13 May 2022. PAO NOVATEK (“NOVATEK” and/or the “Company”) announced today that the Russian Federation Government Commission on Monitoring Foreign Investment authorized PAO NOVATEK not to terminate its Global Depository Receipt (GDR) program and to continue GDR circulation outside the Russian Federation.
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.