NOVATEK elected BOD members

NOVATEK's holders elected new BOD members, the company informed.

Now BOD involves representatives of Gazprombank, Total Prospecting Development Russia, Total, Accumulatoren-werkeHoppecke, VINCI, NOVATEK, RosGeo, SIBUR Holding, Russia-China Business Council and Franco-Russian Chamber of Commerce and industry.

NOVATEK (TIN 6316031581) is ranked as the second producer of natural gas in Russia after Gazprom. The fields are located in Yamalo-Nenetsk reg.

The stocks are under trading on LSE. In IH 2018 the gas sales moved up 2.4% to 264.3mln barrel o.e.

The 2018 net profit (IAS) moved up 4.7% to 156.387bn rub. (54.33

rub./pcs) from 143.742bn rub.; revenues from sales reached 831.758bn rub.

vs. 583.186bn rub.; EBITDA with respect to JVs increased 42.6% to 415.296bn rub.