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Russia´s NOVATEK increased gas production by 5.6% to 20.15 billion m3

The company also enjoyed a 2.7% growth in liquids output

Russia´s NOVATEK increased gas production by 5.6% to 20.15 billion m3

Moscow, April 12 - Neftegaz.RU. NOVATEK, the largest independent natural gas producer in Russia, announced today that its production & gas sales increased in the 1st quarter 2021 compared with the same period a year earlier.

The company’s hydrocarbon production totaled 158.1  million barrels of oil equivalent (boe), including 20.15 billion m3 (bcm) of natural gas and 3,129 thousand tons of liquids, resulting in an increase in total hydrocarbons produced by 7.9 million boe, or by 5.3% as compared with the 1st quarter 2020.

Preliminary gas volumes sold in Russia were 19.56 bcm, representing an increase of 7.2% as compared with the prior year period, whereas LNG volumes sold on international markets amounted to 1.87 bcm.

The total gas sales volumes, including volumes of LNG sold, aggregated 21.43 bcm, representing an increase of 3.6% as compared with the 1st quarter 2020.

NOVATEK processed 3,127 thousand tons of unstable gas condensate at the Purovsky Processing Plant, representing an increase of 10.8% as compared with the corresponding volumes processed in the prior reporting period.

The company  processed 1,772 thousand tons of stable gas condensate at the Ust-Luga Complex, representing a decrease of 0.8% in volumes processed at the facility in the 1st quarter 2021.

According to preliminary data, petroleum product sales volumes aggregated 1,613 thousand tons, including:
  • 1,022 thousand tons of naphtha
  • 252 000 tons of jet fuel
  • 339 000 tons of fuel oil and gasoil
NOVATEK sold 1,020 thousand tons of crude oil and 548 000 tons of stable gas condensate.

To read the full story in Russian

Source : Neftegaz.RU


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