OREANDA-NEWS. June 07, 2010. OAO NOVATEK (“NOVATEK” and/or the “Company”) has announced the creation of a wholly-owned subsidiary, OOO NOVATEK Perm, to support the Company’s current natural gas deliveries to the Perm Territory as well as to expand potential sales opportunities in the territory.

The Perm Territory is one of the largest industrial centers in the Russian Federation and one of NOVATEK’s main markets for natural gas sales. In the first quarter of 2010, the Company supplied approximately 30% of the Perm Territory’s natural gas consumption during the period.