Russia’s largest independent gas producer and the operator of the Yamal LNG project NOVATEK announced that it has received a notice from OOO Santata regarding a decrease in its equity stake in the company from 11.75% to 7.125%.
“ In accordance with a press release for the Volga Group, which includes OOO Santata, the change is due to repo transactions necessary under financing terms with international and Russian banks and does not affect the consolidated shareholding in NOVATEK by the Volga Group ,” the company said in s statement.
[mappress] LNG World News Staff, August 5, 2013; Image: Novatek