Novatek of Russia Continues with Share Buyback Programme

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 26 through 29 November 2012, 440 thousand ordinary shares (including in a form of Global Depositary Receipts) of Novatek 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.

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LNG World News Staff, December 3, 2012; Image: Novatek