(AGENPARL) – Mon 14 April 2025 FOR IMMEDIATE RELEASE
NOVATEK Reports Preliminary Operating Data for the
First Quarter 2025
Moscow, 14 April 2025. PAO NOVATEK (“NOVATEK” and/or the “Company”) reported
today preliminary operating data for the first quarter 2025.
In the first quarter 2025, hydrocarbon production totaled 169.1 million barrels of oil equivalent
(mmboe), including 21.35 billion cubic meters (bcm) of natural gas and 3.48 million tons
(mmt) of liquid hydrocarbons (gas condensate and crude oil), resulting in an increase in total
hydrocarbons produced by 1.7 mmboe, or by 1.0% compared to the first quarter 2024.
Preliminary total natural gas sales volumes, including volumes of LNG sold, aggregated
21.48 bcm, resulting in an increase of 0.1% as compared with the first quarter 2024.
The Company processed 3.4 mmt of unstable gas condensate, which was 1.9% higher as
compared with the corresponding volumes processed in the prior reporting period. NOVATEK
further processed 2.2 mmt of stable gas condensate, representing an increase of 59.9% as
compared with the first quarter 2024.
Preliminary total sales volumes of liquid hydrocarbons aggregated 4.5 mmt, which was 5.4%
higher than in the first quarter 2024.
At 31 March 2025, NOVATEK had 0.2 bcm of natural gas, including LNG, and 1.7 mmt 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
1Q 2025
21.35
169.1
Natural gas, bcm
Liquid hydrocarbons, mmt
Total hydrocarbons, mmboe
Total hydrocarbons, mmboe per day
1Q 2024
21.12
167.4
Change
Information provided in this press release represents expected results of PAO NOVATEK
operations in the first quarter 2025. 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 results in the first quarter 2025. 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 one of the largest independent natural gas producers 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 region 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.