Source - RNS
RNS Number : 9144I
OAO Novatek
05 September 2016




FOR IMMEDIATE RELEASE                                                      


NOVATEK and JBIC sign a Memorandum of Understanding for Strategic Partnership


Vladivostok, September 05, 2016. OAO NOVATEK (NOVATEK or the Company) and the Japan Bank for International Cooperation (JBIC) signed the Memorandum of Understanding (MOU) for Strategic Partnership at the Eastern Economic Forum.

The MOU confirms the parties' intentions to cooperate in the implementation of NOVATEK's LNG projects, including financing and investment.

"The signing the MOU with JBIC is an important step in developing our strategic partnership with Japanese companies. Our access to high quality resources allows us to implement competitive LNG projects, which are attractive to foreign investors and beneficial to our respective countries," Leonid Mikhelson, NOVATEK Chairman of the Management Board, noted.



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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 80% of Russia's natural gas production and approximately 16% 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 Moscow Exchange (MOEX) and the London Stock Exchange (LSE) under the ticker symbol «NVTK».




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