NOVATEK

Regulatory Filings • Sep 30, 2019

National Storage Mechanism | Additional information

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RNS Number : 2008O

PAO Novatek

30 September 2019

For immediate release

NOVATEK and HMS Group Sign Memorandum on Localizing Fabrication of LNG Equipment 

Moscow, 30 September 2019. PAO NOVATEK ("NOVATEK" and/or the "Company") and HMS Group signed a Memorandum on Strategic Partnership and Localizing the Fabrication of Critical Equipment for LNG Production ("Memorandum").

The Memorandum notes the results already achieved on developing medium-tonnage compressor equipment. According to the Memorandum, the Parties intend to pursue long-term cooperation to localize the fabrication of compressors, pumps, and other equipment for NOVATEK's LNG projects.

"The HMS Group has already fabricated and shipped compressor equipment for the Yamal LNG project's Train #4, which is unique for the Russian industry. We see great prospects in further developing our mutual cooperation with the HMS Group on domestically manufactured equipment for our LNG projects," noted Leonid Mikhelson, NOVATEK's Chairman of the Management Board. "One of the Company's main priorities is utilizing the technological and infrastructure capabilities of Russian domestic enterprises to reduce construction costs and enhance the competitiveness of NOVATEK's future LNG projects".

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For more information please visit: www.novatek.ru

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 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. The Company's upstream activities 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. 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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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