Russian energy giant, NOVATEK’s total hydrocarbon production was 169.1 mill barrels of oil equivalent (mmboe) for the first quarter of this year.
This includes 21.35 bill cu m of natural gas and 3.48 mill tonnes of liquid hydrocarbons (gas condensate and crude oil), which was an increase of 1% or 1.7 mill barrels of oil equivalent, compared to 1Q24.
Preliminary total natural gas sales volumes, including LNG, was 21.48 bill cu m, an increase of 0.1%, compared with the same period in 2024.
NOVATEK also processed 3.4 mill tonnes of unstable gas condensate, which was 1.9% higher, compared to corresponding volumes processed in 1Q24. In addition, the company processed 2.2 mill tonnes of stable gas condensate, representing an increase of 59.9%, compared with the previous period.
Preliminary liquid hydrocarbons total sales volumes totalled 4.5 mill tonnes, which was 5.4% higher than in 1Q24.
As of 31st March, 2025, NOVATEK had 0.2bill cu m of natural gas, including LNG, and 1.7 mill tonnes of stable gas condensate and petroleum products in storage or transit and recognised as an inventory.
