NVTK.L Regulatory News (NVTK)

18 Oct 2006 11:22

FOR IMMEDIATE RELEASE Moscow, 18 October 2006. OAO NOVATEK today announced that it has successfullyconnected the second gas pipeline from the Khancheyskoye field to infrastructureat the East-Tarkosalinskoye field. The Company has also completed the overhaulof the gas condensate de-ethanization plant at the East-Tarkosalinskoye field.NOVATEK resumed gas deliveries to the Unified Gas Supply System at 22:00 (Moscowtime) on 17 October 2006. For further information, please visit www.novatek.ru or contact: \* TPress Service Investor Relations+7 (095) 721 22 07 +7 (095) 730 6020press@novatek.ru ir@novatek.ru\* T *** OAO NOVATEK is Russia's largest independent gas producer and the second-largestnatural gas producer in Russia. Founded in 1994, the Company is engaged in theexploration, production, processing and marketing of natural gas and liquidhydrocarbons. The Company's upstream activities are concentrated in the prolificYamal-Nenets Region, which is the world's largest natural gas producing area andaccounts for over 90% of Russia's natural gas production and 20% of the world'sgas production. NOVATEK is an open joint stock company established under thelaws of the Russian Federation. The Company's shares are listed on the RussianTrading System (RTS) and the London Stock Exchange (LSE) under the ticker symbol"NVTK" and on the NASDAQ PORTAL System as Rule 144A GDR under the ticker symbol"NVATY" Copyright Business Wire 2006