7th Apr 2010 08:00
FOR IMMEDIATE RELEASE
NOVATEK SIGNS AGREEMENT WITH SG-TRANS
FOR TRANSPORTATION OF LPG
OAO NOVATEK ("NOVATEK" and/or the "Company") today announced that the Company's First Deputy CEO Mikhail Popov and SG-Trans General Director S.A. Nikitayev have signed an agreement whereby SG-Trans will transport NOVATEK's liquefied petroleum gas ("LPG"), produced at the Purovsky Gas Condensate Processing Plant, using SG-Trans rail tank cars. The agreement is for five years and may be extended at the end of that period.
The agreement with SG-Trans will enable NOVATEK to meet its future transportation requirements related to LPG sales volumes which, are delivered to consumers in the Russian Federation, CIS and export markets.
For further information, please visit www.novatek.ru or contact:
| Press Service+7 (495) 721 2207 | Investor Relations+7 (495) 730 [email protected] |
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 over 90% of Russia's natural gas production and 20% 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 on the Russian Trading System (RTS), MICEX Stock Exchange and the London Stock Exchange (LSE) under the ticker symbol 'NVTK' and on the NASDAQ PORTAL System as Rule 144A GDR under the ticker symbol "NVATY".
Copyright Business Wire 2010
Related Shares:
NVTK.L