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NOVATEK release preliminary operating data

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LNG Industry,

PAO NOVATEK has reported preliminary operating data for the nine months 2017.

NOVATEK’s marketable hydrocarbons production totaled 374.7 million boe, including 46.03 billion m3 of natural gas and 8.8 million t of liquids (gas condensate and crude oil), resulting in a decrease in total hydrocarbons production by 30.4 million boe, or by 7.5%, as compared with the nine months 2016.

Preliminary natural gas sales volumes aggregated 47.02 billion m3, which was 1.6% higher compared with the nine months 2016.

The company processed 8.6 million t of unstable gas condensate at the Purovsky Processing Plant, representing a 7.9% decrease in daily average processing volumes as compared with the corresponding volumes processed in the prior reporting period. NOVATEK processed 5.2 million t of stable gas condensate at the Ust-Luga Complex, representing a 1.3% increase in daily average volumes processed at the facility in the nine months 2017.

Preliminary petroleum product sales volumes aggregated 5 milion t, including 3 million t of naphtha, 0.8 million t of jet fuel, and 1.2 million t of fuel oil and gasoil. Export sales of stable gas condensate totaled 0.3 million t.

As at 30 September 2017, NOVATEK had 1.38 billion m3 of natural gas and 0.7 million t of stable gas condensate and petroleum products in storage or transit and recognised as inventory.

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