12 july 2021, 18:00

NOVATEK increased gas production by almost 7% in the 1st half of 2021%

According to Novatek, natural gas will remain the focus of its business for the long term as it sees gas taking an increasing share in the primary global energy mix

Moscow, July 12 - Neftegaz.RU. Novatek’s hydrocarbon production in the 1^st half 2021 totaled:

314.7 million boe
including 40.11 bcm of natural gas and 6.2 million tons of liquids
resulting in an increase in total hydrocarbons produced by 19.2 million boe or by 6.5% as compared to the 1^st half 2020

In the 1^st half 2021, the privately-held Novatek processed 3.1 and 6.2 million tons of unstable gas condensate at the Purovsky Processing Plant, representing an increase in processed volumes by 11.2% and 11.0%, as compared with the corresponding periods in 2020.

Novatek processed 1.8 and 3.6 million tons of stable gas condensate at the Ust-Luga Complex, which was 0.3% and 0.5% lower as compared with the corresponding periods in 2020.

At the 30 June 2021, Novatek had 0.8 bcm of natural gas, including LNG, and 628 000 tons of stable gas condensate and petroleum products in storage or transit and recognized as inventory.

Novatek is Russia’s largest private natural gas extractor and LNG producer.

It has a top asset - the Yamal LNG production facility.

The giant is also going ahead with the construction of Arctic LNG 2, its 2^nd Yamal plants.

To read the full story in Russian

#novatek #gas production