NOVATEK

Regulatory Filings • Jul 15, 2021

National Storage Mechanism | Additional information

RNS Number : 3543F

PAO Novatek

15 July 2021

FOR IMMEDIATE RELEASE

NOVATEK Creates a Subsidiary to Develop Domestic LNG Fuel Market

Moscow, 15 July 2021. The Board of Directors of PAO NOVATEK ("NOVATEK" and/or the "Company") resolved to create a subsidiary called NOVATEK - LNG Fuel, which will construct small-scale LNG plants, facilitate LNG wholesale markets and develop a retail network for LNG as a motor fuel, as well as provide LNG as part of the autonomous gasification program in the Russian domestic market.

NOVATEK has been actively developing the production and sales of LNG as a motor fuel.  In 2020, the Company launched a small-scale LNG plant in Magnitogorsk, Chelyabinsk Region with a capacity of 40 thousand tons per annum.   Presently, the Company owns 12 LNG fueling stations in Russia and plans to further expand the production and distribution networks for clean-burning fuels for transport.

"We are creating a dedicated subsidiary to develop the domestic LNG fuel market as part of our commercial marketing strategy," noted Leonid Mikhelson, NOVATEK's Chairman of the Management Board. "The use of LNG as a motor fuel can reduce carbon emissions compared to diesel or other petrol products, as well as significantly reduce harmful particles emitted into the atmosphere, which contributes to the decarbonization of the transport industry and the protection of the environment."

***

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

Press Service +7 (495) 721 2207 press@novatek.ru	Investor Relations +7 (495) 730 6013 ir@novatek.ru

***

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. Upstream activities of the Company's subsidiaries and joint ventures 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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCUVAWRAKUBARR