Moscow, 10-1-2013 — /europawire.eu/ — OAO NOVATEK (“NOVATEK” and/or the “Company”) announced today the acquisition of an 82% participation interest in the share capital of OOO Gazprom Mezhregiongas Kostroma (“Gazprom Mezhregiongas Kostroma”) for a total consideration of RR 554 million. Gazprom Mezhregiongas Kostroma supplies natural gas to a wide range of consumers in the Kostroma Region (the “Region”).
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 Autonomous Region, which is the world’s largest natural gas producing area and accounts for approximately 84% of Russia’s natural gas production and approximately 17% 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 in Russia on MICEX-RTS Stock Exchange and the London Stock Exchange (LSE) under the ticker symbol “NVTK”.
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CONTACTS
Mark Gyetvay, CFO
Alexander Palivoda, Head of IR
+7 (495) 730-6013
ir@novatek.ru
Mikhail Lozovoy, Press-secretary
+7 (495) 721-2207
press@novatek.ru
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