Novatek Extends Share Buyback Program

Novatek, the operator of Russia’s Yamal LNG project, said that it has approved the extension of the company’s share buyback program until 7 June, 2015, keeping all the terms of the program unchanged.

Novatek’s Chairman of the Management Board, Leonid V. Mikhelson said: “We are successfully implementing our main strategic projects allowing us to significantly improve Novatek’s operational as well as financial metrics.
The extension of the share buyback program reflects our confidence in the company’s considerable development potential.”
Press Release, May 27, 2014

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