NOVATEK Board оf Directors approve transaction

NOVATEK 09 November 2012 held a Board of Directors meeting which unanimously approved the acquisition of a 49% equity stake in ZAO “Nortgas”.

All of the necessary corporate approvals have been received to effectively close the deal, as well as receiving the tentative agreement from the Federal Antimonopoly Service of the Russian Federation approving the transaction and Gazprom’s waiver of its pre-emptive rights to acquire the stake.