NOVATEK establishes new Board sub-committee for LNG projects
OAO Novatek
NOVATEK ESTABLISHES NEW BOARD SUB-COMMITTEE FOR LNG PROJECTS
Moscow, 4 December 2009. The Board of Directors (the
“Board”) of OAO NOVATEK (“NOVATEK” and/or the “Company”) has approved
the establishment of a sub-committee within the Strategy and Investments
Committee to oversee the development of LNG projects and natural gas
markets.
The head of the new sub-committee is Burkhard Bergmann who was recently
elected to the Board’s Strategy and Investments Committee and is also a
member of the Corporate Governance and Remuneration Committee. The other
Board members on the sub-committee are Mark Gyetvay and Gennady
Timchenko.
For a complete list of NOVATEK’s Board of Directors and Board Committee
members please visit the Company’s web site at www.novatek.ru.
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OAO NOVATEK is Russia’s largest independent gas producer and the
second-largest natural gas producer in Russia. Founded in 1994, the
Company is engaged in the exploration, production, processing and
marketing of natural gas and liquid hydrocarbons. The Company’s upstream
activities are concentrated in the prolific Yamal-Nenets Region, which
is the world's largest natural gas producing area and accounts for over
90% of Russia's natural gas production and 20% of the world’s gas
production. NOVATEK is an open joint stock company established under the
laws of the Russian Federation. The Company’s shares are listed on the
Russian Trading System (RTS) and the London Stock Exchange (LSE) under
the ticker symbol ‘NVTK’ and on the NASDAQ PORTAL System as Rule 144A
GDR under the ticker symbol “NVATY”.
