(AGENPARL) – mer 12 luglio 2023 FOR IMMEDIATE RELEASE
NOVATEK Reports Preliminary Operating Data
for the Second Quarter and First Half 2023
Moscow, 12 July 2023. PAO NOVATEK (“NOVATEK” and/or the “Company”) reported
today preliminary operating data for the second quarter and first half 2023.
In the second quarter 2023, NOVATEK’s hydrocarbon production totaled 158.9 million barrels
of oil equivalent (boe), including 20.35 billion cubic meters (bcm) of natural gas and
3.0 million tons of liquids (gas condensate and crude oil), with the total hydrocarbons
production increasing by 2.3 million boe or by 1.5% year-on-year.
NOVATEK’s hydrocarbon production totaled 321.9 million boe in the first half 2023,
including 41.23 bcm of natural gas and 6.1 million tons of liquids, resulting in an increase in
total hydrocarbons produced by 5.3 million boe, or by 1.7% as compared to the first half 2022.
In the second quarter 2023, preliminary total natural gas sales volumes, including volumes of
LNG sold, aggregated 18.31 bcm, representing an increase of 7.7% as compared with the
corresponding volumes in the second quarter 2022. The natural gas volumes sold in the
Russian Federation were 15.06 bcm, representing an increase of 1.8% as compared with the
prior year period, whereas LNG volumes sold on international markets amounted to 3.24 bcm,
representing a growth of 47.3%.
In the second quarter and first half 2023, the Company processed 3.3 and 6.8 million tons,
respectively, of unstable gas condensate at the Purovsky Processing Plant, representing an
increase in processed volumes by 5.5% and 3.8%, as compared with the corresponding periods
in 2022. In the second quarter and first half 2023, NOVATEK processed 1.7 and 3.4 million
tons, respectively, of stable gas condensate at the Ust-Luga Complex, which was 1.5% and
0.6% higher as compared with the corresponding periods in 2022.
According to preliminary data in the second quarter 2023, petroleum product sales volumes
aggregated 1.8 million tons, including 1.1 million tons of naphtha, 0.3 million tons of jet fuel,
and 0.4 million tons of fuel oil and gasoil. NOVATEK sold 0.6 million tons of crude oil and
0.7 million tons of stable gas condensate.
At 30 June 2023, NOVATEK had 0.8 bcm of natural gas, including LNG, and 1.3 million tons
of stable gas condensate and petroleum products in storage or transit and recognized as
inventory.
NOVATEK’s hydrocarbon production
including share in the production of joint ventures
20.35
158.9
20.25
156.6
Change,
Natural gas, bcm
Liquids, million tons
Total hydrocarbons, mln boe
Total hydrocarbons, mln boe per day
41.23
321.9
40.89
316.6
Change,
40.63
34.42
38.22
34.16
Change,
53.1%
Natural gas sales, bcm
18.31
15.06
16.99
14.79
Change,
47.3%
Total gas sales
Sold in the Russian Federation
International Sales
Information provided in this press release presents expected results of PAO NOVATEK
operations for the second quarter and first half 2023. The information represents
preliminary assessment only, which can be adjusted after statistical, financial, fiscal and
business reporting becomes available. Therefore, the results and indicators actually
achieved may significantly differ from any declared or forecasted operational results in the
second quarter and first half 2023. PAO NOVATEK assumes no obligation (and expressly
declares that it has no such obligation) to update or change any declarations concerning
any future results, due to new information obtained, any future events or for any other
reasons.
For further information, please visit http://www.novatek.ru or contact:
Press Service
Investor Relations
PAO NOVATEK is the largest independent natural gas producer in Russia, and in 2017,
entered the global LNG market by successfully launching the Yamal LNG project. Founded in
1994, the Company is engaged in the exploration, production, processing and marketing of
natural gas and liquid hydrocarbons. Upstream activities of the Company’s subsidiaries and
joint ventures are concentrated mainly in the prolific Yamal-Nenets Autonomous Area, which
is the world’s largest natural gas producing area and accounts for approximately 80% of
Russia’s natural gas production and approximately 15% of the world’s gas production.
NOVATEK is a public joint stock company established under the laws of the Russian
Federation.