During the official visit of the President of the Socialist Republic of Vietnam Nguyen Xuan Phuc, NOVATEK and PetroVietnam Power signed the Cooperation Agreement on LNG and power projects in Vietnam. Parties to the Agreement intend to cooperate on LNG infrastructure projects with the view to meeting the growing demand for electricity in Vietnam. The Agreement represents an important step in the development of the Company’s cooperation with Vietnamese corporations, which received an additional impetus after NOVATEK opened its representative office in Vietnam.PAO NOVATEK is the largest independent natural gas producer in Russia, and in 2017, entered the global LNG market by successfully launching the Yamal LNG project. 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 mainly in the prolific Yamal-Nenets Autonomous Region, which is the world’s largest natural gas producing area and accounts for approximately 80% of Russia’s natural gas production and approximately 15% of the world’s gas production.