NOVATEK announced that it will not publish its financial statements or hold a teleconference with investors on the results of the first quarter of 2022. The company did not give any reasons for this decision.

The day before, at the annual meeting, NOVATEK’s shareholders approved the payment of final dividends for 2021 in the amount of 43.77 rubles per share. Including interim dividends, the 2021 dividend payout will amount to 71.44 rubles per share, which is almost twice as much as last year. NOVATEK will allocate a total of RUB 216.91 billion for dividend payments for 2021.

NOVATEK is Russia’s largest independent natural gas producer. The Company’s fields and license areas are located primarily in the Yamal-Nenets Autonomous District, the world’s largest natural gas producing region, which accounts for approximately 80% of Russia’s gas production and approximately 15% of global gas production.