AI assistant
NOVATEK M&A Activity 2022
6442_tar_2022-08-26_422e9d06-472f-4454-b030-5500a58d2081.html
M&A Activity
Open in viewerOpens in your device viewer
National Storage Mechanism | Additional information 
RNS Number : 4237X
PAO Novatek
26 August 2022
 |
|||
 |
FOR IMMEDIATE RELEASE
NOVATEK Increases its Stake in Terneftegas to 100%
Moscow, 26 August 2022. PAO NOVATEK ("NOVATEK" and/or the "Company") announces the acquisition of a 49% stake in Terneftegas, engaged in developing the Termokarstovoye field, from the TotalEnergies group. As a result, NOVATEK will own a 100% stake in Terneftegas.
***
For further information, please visit www.novatek.ru or contact:
| Press Service +7 (495) 721 2207 [email protected] |
Investor Relations +7 (495) 730 6013 [email protected] |
***
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.
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 [email protected] 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
MSCUNUORUSUWUAR