2018-10-12 11:20:00
NOVATEK'S PRODUCTION UP BY 4.9%
NOVATEK - PAO NOVATEK ("NOVATEK" and/or the "Company") reported today preliminary operating data for the nine months 2018.
NOVATEK's hydrocarbons production totaled 402.2million barrels of oil equivalent (boe), including 50.31 billion cubic meters (bcm) of natural gas and 8,775 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons production by 18.9 million boe, or by 4.9%, as compared with the nine months 2017.
Preliminary natural gas sales volumes, including LNG, aggregated 51.0 bcm, which was 8.5% higher compared with the corresponding period in 2017. The LNG sales volumes on international markets in the nine months 2018 amounted to 3.43 bcm.
The Company processed 8,222 thousand tons of unstable gas condensate at the Purovsky Processing Plant, representing a 4.2% decrease as compared with the corresponding volumes processed in the prior reporting period. NOVATEK processed 5,145 thousand tons of stable gas condensate at the Ust-Luga Complex, representing a 1.9% decrease in volumes processed at the facility in the nine months 2018.
Preliminary petroleum product sales volumes aggregated 5,146 thousand tons, including 3,230 thousand tons of naphtha, 791 thousand tons of jet fuel, and 1,125 thousand tons of fuel oil and gasoil.
As at 30 September 2018, NOVATEK had 2.4 bcm of natural gas, including LNG, and 645 thousand tons of stable gas condensate and petroleum products in storage or transit and recognized as inventory.
NOVATEK’s hydrocarbon production
including share in production of joint ventures
including share in production of joint ventures
|
|
9M 2018
|
9M 2017
|
Change,%
|
|
Natural gas, bcm *
|
50.31
|
47.34
|
6.3%
|
|
Liquids, thousand tons
|
8,775
|
8,806
|
-0.4%
|
|
Total hydrocarbons, mln boe *
|
402.2
|
383.3
|
4.9%
|
|
Total hydrocarbons, mln boe per day *
|
1.47
|
1.40
|
4.9%
|
* Natural gas production includes gas volumes consumed in oil and gas production and development activities (primarily, as fuel gas). The numbers fornine months 2017 were recalculated accordingly.
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Earlier:
2018, October, 4, 14:25:00
NOVATEK - SIEMENS AGREEMENTNOVATEK - According to the Agreement, the Parties intend to strengthen and develop the strategic partnership and cooperation in integrated gas-to-power projects on a “turn-key” basis inclusive of LNG supply, downstream and power generation, large-, mid- and small-scale LNG liquefaction plants and other topics of mutual interest. |
2018, September, 26, 09:00:00
NOVATEK LNG FOR BRAZILNOVATEK - PAO NOVATEK (“NOVATEK” and/or the “Company”) announced today that its wholly owned subsidiary, NOVATEK Gas and Power Asia Pte. Ltd. has shipped its first LNG cargo to the Brazilian market with LNG produced from the Yamal LNG project. The cargo was delivered to the Bahia Regasification Terminal owned by Petrobras. |
2018, September, 19, 13:00:00
NOVATEK'S YAMAL LNG UPPLATTS - Speaking on the sidelines of the Gastech conference in Barcelona, Mikhelson said Novatek could review its strategy to reach 57 million mt/year of LNG production by 2030 in the coming years as it continues to expand its already huge gas resource base in northern Russia. |
2018, September, 3, 15:00:00
RUSSIAN LNG UPREUTERS - Liquefied natural gas exports from Novatek’s Yamal terminal in the Arctic have come on stream faster than expected over the summer and exceeded volumes from Russia’s only other LNG facility, Sakhalin, for the first time in August. |
2018, August, 10, 09:50:00
YAMAL LNG - 2 LAUNCHEDNOVATEK - PAO NOVATEK announced that Yamal LNG has launched the second LNG train and dispatched the first cargo from this unit. The second LNG train commissioned six months ahead of its original schedule, and combined with the first LNG train launch in December 2017, has achieved the commissioning of the first two LNG trains in record time. |
2018, July, 27, 12:10:00
NOVATEK'S PROFIT RUB 32 BLNNOVATEK - In the second quarter and the first half of 2018, profit attributable to shareholders of PAO NOVATEK increased to RR 32.0 billion (RR 10.63 per share), or by approximately ten-fold, and to RR 75.2 billion (RR 24.93 per share), or by 1.2%, respectively, as compared to the corresponding periods in 2017. |
2018, July, 23, 13:30:00
RUSSIA'S LNG FOR CHINANOVATEK - PAO NOVATEK (“NOVATEK” and/or the “Company”) has shipped its first cargos of liquefied natural gas (LNG) from the Yamal LNG project to China via the Northern Sea Route. |
