OAO NOVATEK ("NOVATEK" and/or the "Company") reported today preliminary operating data for the first quarter 2014.
In the first quarter 2014, NOVATEK's gross production totaled 15.71 billion cubic meters (bcm) of natural gas and 1,370 thousand tons of liquids (gas condensate and crude oil), resulting in a decrease in natural gas production by 2.4% and an increase in combined liquids production by 15.6%, as compared with the first quarter 2013. The decrease in natural gas production was due to the disposal of the Company's share in Sibneftegas at the end of 2013. Excluding Sibneftegas fields, NOVATEK's…
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