NOVATEK

M&A Activity • Nov 28, 2017

National Storage Mechanism | Additional information

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RNS Number : 6952X

PAO Novatek

28 November 2017

FOR IMMEDIATE RELEASE                                                      

NOVATEK Signed MOU with Marubeni and MOL

Moscow, 28 November 2017. PAO NOVATEK ("NOVATEK" and/or the "Company") today signed a trilateral Memorandum of Understanding (MOU) with Marubeni Corporation and Mitsui O.S.K. Lines, Ltd. (MOL).

The MOU defines the parties' intentions and includes a specific action plan to explore the opportunities to establish an LNG transshipment and marketing complex in the Kamchatka Region, including investments in this infrastructure project.

The Chairman of NOVATEK's Management Board Leonid Mikhelson noted: "One of the main advantages of creating an LNG transshipment terminal at Kamchatka is its close proximity to consumers and the opportunity to ensure flexible sales terms for the key consuming markets of the Asian-Pacific region. The MOU demonstrates a high market interest and relevancy for this type of project to address market needs".

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For further information, please visit www.novatek.ru or contact:

Press Service                                                              Investor Relations

+7 (495) 721 2207                                                     +7 (495) 730 6013

press@novatek.ru                                                       ir@novatek.ru

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PAO NOVATEK is one of the largest independent natural gas producers 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 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 16% of the world's gas production. NOVATEK is a public joint stock company established under the laws of the Russian Federation. The Company's shares are listed in Russia on Moscow Exchange (MOEX) and the London Stock Exchange (LSE) under the ticker symbol «NVTK».

This information is provided by RNS

The company news service from the London Stock Exchange

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