NVTK: OAO Novatek: Yamal LNG to call for tenders for long lead items
UK Regulatory Announcement
YAMAL LNG TO CALL FOR TENDERS FOR LONG LEAD ITEMS
Moscow, 07 November 2012. The representatives of Yamal LNG shareholders – OAO
NOVATEK and Total – evaluated the status of the Yamal LNG project (“Project”),
notably, implementation of the pre-FID (final investment decision) activity
The shareholders highly appreciated the achieved results and the progress made
in moving the Project forward according to its accelerated development plan.
Both sides noted high level of maturity of the key technical solutions and
design documentation under Russian and international standards (FEED). The LNG
Plant design documentation has been submitted for the state expert review. The
expert opinion report, which is one of the key conditions for the FID, is
expected to be received soon.
Yamal LNG confirmed that the bidding process to award the engineering
procurement and construction (EPC) contract for the LNG Plant is progressing
according to schedule. The bidders’ proposals will be received in December
2012, which will allow to start development of the detailed design of the LNG
Plant in early 2013.
The shareholders also recommended that Yamal LNG begin call for tender
procedures for procurement of long lead items prior to the FID in order to
keep to the approved accelerated project implementation plan.
For further information, please visit www.novatek.ru or contact:
+7 (495) 721 2207 Investor Relations
firstname.lastname@example.org +7 (495) 730 6013
OAO NOVATEK is Russia’s largest independent gas producer and the
second-largest natural gas producer in Russia. Founded in 1994, the Company is
engaged in the exploration, production, processing and marketing of natural
gas and liquid hydrocarbons. The Company’s upstream activities are
concentrated in the prolific Yamal-Nenets Autonomous Region, which is the
world’s largest natural gas producing area and accounts for approximately 84%
of Russia’s natural gas production and approximately 17% of the world’s gas
production. NOVATEK is an open joint stock company established under the laws
of the Russian Federation. The Company’s shares are listed in Russia on
MICEX-RTS Stock Exchange and the London Stock Exchange (LSE) under the ticker
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