26 December 2019

Shtokman Development AG to be liquidated

The Extraordinary General shareholders’ meeting of Shtokman Development AG held on December 10, 2019 in Zug (Swiss Confederation) resolved to dissolve and liquidate the Company, as well as to liquidate its branch in Teriberka (Murmansk region, Russian Federation). The respective amendments were entered into in the Commercial Register of Canton Zug on December 13, 2019.

The official Company name as of this point is Shtokman Development AG in liquidation.

‘The liquidation has been initiated in accordance with the decision of JSC Gazprom, Grigory Golubnichiy noted. ‘It will be effected in full compliance with the applicable law. We plan to complete the proceedings in December 2020’.