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474

Novatek increased gas production by 8.6% in 2019

Novatek increased gas production by 8.6% in 2019

Moscow, January 15 - Neftegaz.RU. NOVATEK reported preliminary operating data for the 12 months ended 31 December 2019. Last year hydrocarbon production totaled 590.1 million barrels of oil equivalent (boe), incl. 74.70 billion m3 (bcm) of natural gas and 12,148 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons produced by 41.0 million boe, or by 7.5% as compared with the 12 months 2018.

Preliminary natural gas sales volumes, including volumes of LNG sold, aggregated 78.45 bcm, representing an increase of 8.8% as compared with the prior year period. Natural gas volumes sold in the Russia in 2019 were 65.65 bcm, whereas LNG volumes sold on international markets amounted to 12.80 bcm.

The company processed 10,802 thousand tons of unstable gas condensate at the Purovsky Processing Plant, representing a decrease of 2.0% as compared with the corresponding volumes processed in the prior reporting period. NOVATEK processed 6,902 thousand tons of stable gas condensate at the Ust-Luga Complex, representing a marginal decrease of 0.7% in volumes processed at the facility in 2019.

Preliminary 2019 petroleum product sales volumes aggregated 6,981 thousand tons, including 4,511 thousand tons of naphtha, 1,068 thousand tons of jet fuel, and 1,402 thousand tons of fuel oil and gasoil. NOVATEK sold 4,834 thousand tons of crude oil and 1,739 thousand tons of stable gas condensate.

As at 31 December 2019, NOVATEK had 1.2 bcm of natural gas, including LNG, and 604 thousand tons of stable gas condensate and petroleum products in storage or transit and recognized as inventory.

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Hydrocarbon production including share in production of joint ventures
 
2019
2018
Change, %
Natural gas, bcm
74.70
68.81
8.6%
Liquids, thousand tons
12,148
11,800
2.9%
Total hydrocarbons, mln boe
590.1
549.1
7.5%
Total hydrocarbons, mln boe per day
1.62
1.50
7.5%

Natural Gas Sales Volumes, bcm
 
2019
2018
Change, %
Total natural gas sales volumes
78.45
72.13
8.8%
Sold in Russia
65.65
66.07
-0.6%
Sold on international markets
12.80
6.06
111.1%