OREANDA-NEWS. August 18, 2010. NOVATEK (“NOVATEK” and/or the “Company) has announced that, the Company dispatched a consignment of its stable gas condensate from the Murmansk Port which will travel to the Asian-Pacific region via the Northern Sea Route. The consignment is being shipped using OAO Sovcomflot’s high-tonnage (deadweight greater than 100 thousand tons) tanker, Baltika, with icebreaking support provided by the Russian Federation’s, Atomflot. The shipment of stable gas condensate through the Arctic Ocean’s Northern Sea Route is the first of its kind for a high-tonnage tanker.

Transportation of goods via the Northern Sea Route requires less time than traditional routes due to the shorter distances between the North-Western ports of the Russian Federation and the countries of the Asian-Pacific region. The success of NOVATEK’s shipment is strategically important and will have a beneficial impact on the Northern regions of the Russian Federation by facilitating the development of new hydrocarbon fields located in the Yamal peninsula and arctic shelf.