Russia's Novatek May Extend Shares Buyback Program

Russia's No.2 natural gas producer Novatek is likely to extend the program of buying back its shares, Chief Financial Officer Mark Gyetvay said on Wednesday.

"We believe ... that we will extend it for another year," he said during a conference call. The current program expires in June.

He added the company will consider returning to the market with the buy back program once financing of Yamal LNG project is settled.

(Reporting by Vladimir Soldatkin)