February 2017

Profit attributable to NOVATEK shareholders increased by more than three-fold to RR 257.8 billion (RR 85.41 per share), as compared to RR 74.4 billion (RR 24.63 per share) in 2015. The amount of profit and its dynamics were significantly impacted by the foreign exchange effect (including at the joint ventures level), as well as the effect of the disposals of interests in joint ventures.

U.S. Rig Count is up 252 rigs from last year's count of 502, with oil rigs up 202, gas rigs up 49, and miscellaneous rigs up 1. Canadian Rig Count is up 166 rigs from last year's count of 175, with oil rigs up 123 and gas rigs up 43.

Preliminary production figures for January 2017 show an average daily production of about 2 024 000 barrels of oil, NGL and condensate. This is 42 000 barrels per day (about 2 percent) less than December 2016.

Nord Stream 2 to play crucial role in EU’s energy security

Construction contract signed for second string of TurkStream’s offshore section

U.S. Rig Count is up 237 rigs from last year's count of 514, with oil rigs up 184, gas rigs up 52, and miscellaneous rigs up 1. Canadian Rig Count is up 125 rigs from last year's count of 206, with oil rigs up 85 and gas rigs up 40.

It was noted that Gazprom’s gas supplies to the German market had reached a record of 49.8 billion cubic meters in 2016. The upward trend in gas demand continues in early 2017. In January, gas exports grew by 23.2 per cent versus the corresponding month of 2016. Between February 1 and February 15, gas deliveries added 37 per cent compared to the same period of last year.

Это стало возможным только после того, как цены на нефть упали до $27 за баррель, а инвестиции в отрасль после двух лет кризиса сократились примерно на полтриллиона долларов.

U.S. crude oil production increased for the second consecutive month in November 2016, the first consecutive monthly increase since April 2015.

Gazprom and CNPC broadening strategic cooperation in energy sector