Russia’s largest independent gas producer Novatek is continuing with its share buyback programme.
Novatek said that pursuant to the company’s buyback program announced on 7 June, during the period from 12 through 16 August 2013, 80,000 ordinary shares (including in a form of Global Depositary Receipts) were purchased on the open market.
Novatek is the operator of the Yamal LNG project which aims to develop the South Tambey (Tambeyskoye) gas field, located near Sabetta in the Yamal peninsula in Russia.