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    NOVATEK is one of the largest independent natural gas producers in Russia. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. NOVATEK carries out commercial hydrocarbons production at 18 fields. The Company has put in place highly efficient producing and processing facilities. In 2018, the Company produced a total of 549.1 mln boe of marketable hydrocarbons. NOVATEK ranks among the world's Top 5 companies in terms of proved natural gas reserves. As of the end of 2018, the Company’s reserve to production ratio was 29 years. Yamal LNG being implemented in the Yamal Peninsula, Russia, is the Company's largest project. It is an integrated natural gas production, liquefaction and sales project with a capacity of 17.4 mtpa. In December 2018, the LNG plant reached the capacity of 16.5 mtpa more than one year ahead of the initial schedule. Further reinforcing its position in the global LNG market, in the spring of 2019, the Company commissioned a 660,000 tpa LNG production and transshipment complex in the port of Vysotsk (Leningrad Region, Russia).

    Leonid Mikhelson — Chairman of the Management Board and member of the Board of Directors, NOVATEK, and Chairman of the Board of Directors, SIBUR
  • VEB.RF

    VEB.RF is a state development corporation. VEB.RF’s primary objective is to facilitate the long-term socioeconomic development of the Russian Federation. VEB.RF’s focus areas include strategically important projects designed to support high value-added manufacturing, non-commodity exports, urban agglomeration and infrastructure development. VEB.RF coordinates activities of the largest national development institutions: Russian Export Center JSC, DOM.RF, RSMB Corporation, the Far East Development Fund, Monotowns Development Fund. VEB.RF’s supreme governing body is the supervisory board chaired by the Prime Minister of the Russian Federation. In accordance with the Memorandum on Financial Policies, VEB.RF participates in national projects aimed at implementing of May presidential decree. VEB.RF’s operating principles include absence of competition with commercial banks, transparency and break-even performance in project funding.

    Igor Shuvalov — VEB.RF Chairman