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NOVATEK acquires regional gas distributor

Moscow, 28 December 2012. OAO NOVATEK (“NOVATEK” and/or the “Company”) announced today the acquisition of an 82% participation interest in the share capital of OOO Gazprom Mezhregiongas Kostroma (“Gazprom Mezhregiongas Kostroma”) for a total consideration of RR 554 million. Gazprom Mezhregiongas Kostroma supplies natural gas to a wide range of consumers in the Kostroma Region (the “Region”).
In the first nine months of 2012, Gazprom Mezhregiongas Kostroma supplied 2.7 billion cubic meters (bcm) of natural gas to the Region. During the same period, NOVATEK supplied 0.461 bcm to the Region.
According to NOVATEK’s Chairman of the Management Board, Leonid V. Mikhelson, “The acquisition of Gazprom Mezhregiongas Kostroma is another step in the implementation of the Company’s marketing strategy, providing for the expansion into strategic regions as well as increasing the share of end-customers in our total natural gas sales volumes mix”.

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.