(AGENPARL) – Fri 11 July 2025 FOR IMMEDIATE RELEASE
NOVATEK Reports Preliminary Operating Data for the
Second Quarter and First Half 2025
Moscow, 11 July 2025. PAO NOVATEK (“NOVATEK” and/or the “Company”) reported
today preliminary operating data for the second quarter and first half 2025.
In the second quarter 2025, NOVATEK’s hydrocarbon production totaled 167.6 million barrels
of oil equivalent (mmboe), including 21.18 billion cubic meters (bcm) of natural gas and 3.44
million tons (mmt) of liquid hydrocarbons (gas condensate and crude oil), with the total
hydrocarbons production increasing by 4.3 million boe or by 2.6% year-on-year.
NOVATEK’s hydrocarbon production totaled 336.7 million boe in the first half 2025,
including 42.53 bcm of natural gas and 6.92 mmt of liquids, resulting in an increase in total
hydrocarbons produced by 6.0 million boe, or by 1.8% as compared to the first half 2024.
Preliminary total natural gas sales volumes, including volumes of LNG sold, in the second
quarter and first half 2025 aggregated 18.0 and 39.5 bcm, respectively, resulting in an increase
of 1.1% and 0.5% as compared with the second quarter and first half 2024.
In the second quarter and first half 2025, the Company processed 3.2 and 6.6 million tons,
respectively, of unstable gas condensate, representing an increase in processed volumes by
1.0% and 1.5%, as compared with the corresponding periods in 2024. In the second quarter
and first half 2025, NOVATEK processed 2.0 and 4.2 million tons, respectively, of stable gas
condensate, which was 13.5% and 33.6% higher as compared with the corresponding periods
in 2024.
Preliminary total sales volumes of liquid hydrocarbons in the second quarter and first half 2025
aggregated 4.7 and 9.2 mmt, which was 18.7% and 11.8% higher than in the second quarter
and first half 2024.
At 30 June 2025, NOVATEK had 0.9 bcm of natural gas, including LNG, and 1.3 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
21.18
167.6
20.60
163.3
Change,
Natural gas, bcm
Liquids, mmt
Total hydrocarbons, mmboe
Total hydrocarbons, mmboe per day
42.53
336.7
41.73
330.7
Change,
Information provided in this press release represents expected results of PAO NOVATEK
operations in the second quarter and first half 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 second
quarter and first half 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 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.