RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2019-10-11 11:40:00

NOVATEK'S PRODUCTION +5.2%

ДОБЫЧА НОВАТЭК +5.2%

NOVATEK - Moscow, 10 October 2019 -  PAO NOVATEK (“NOVATEK” and/or the “Company”) reported today preliminary operating data for the third quarter and nine months 2019.

In the third  quarter 2019, NOVATEK’s hydrocarbon production totaled 145.2million barrels of oil equivalent (boe), including 18.31 billion cubic meters (bcm) of natural gas and 3,041 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons produced by 7.2 million boe, or by 5.2% as compared with the third quarter 2018.

In the nine months 2019, NOVATEK’s hydrocarbon production totaled 441.3 million boe, including 55.88 bcm of natural gas and 9,063 thousand tons of liquids, resulting in an increase in total hydrocarbons produced by 39.1 million boe, or by 9.7% as compared to the nine months 2018.

In the third quarter and nine months 2019, the Company processed 2,622 and 8,012 thousand tons, respectively, of unstable gas condensate at the Purovsky Processing Plant, representing a decrease in processed volumes by 1.9% and 2.6%, as compared with the corresponding periods in 2018. In the third quarter and nine months 2019, NOVATEK processed 1,656 and 5,119 thousand tons, respectively, of stable gas condensate at the Ust-Luga Complex, which was 3.6% higher and 0.5% lower as compared with the corresponding periods in 2018.

Preliminary third  quarter 2019 natural gas sales volumes, including volumes of LNG sold, aggregated 16.70 bcm, representing an increase of 7.1% as compared with the corresponding period in 2018. Natural gas volumes sold in the Russian Federation in the third quarter 2019 were 13.66 bcm, whereas volumes of LNG sold on international markets amounted to 3.04 bcm.

According to preliminary data in the third quarter 2019, petroleum product sales volumes aggregated 1,551 thousand tons, including 987 thousand tons of naphtha, 252 thousand tons of jet fuel, and 312 thousand tons of fuel oil and gasoil. NOVATEK sold 1,265 thousand tons of crude oil and 489 thousand tons of stable gas condensate.

As at 30 September 2019, NOVATEKhad 1.8 bcm of natural gas, including LNG, and 738 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

3Q

2019

3Q

2018

Change, %

 

9M

2019

9M

2018

Change, %

18.31

17.39

5.3%

Natural gas, bcm

55.88

50.31

11.1%

3,041

2,911

4.5%

Liquids, thousand tons

9,063

8,775

3.3%

145.2

138.0

5.2%

Total hydrocarbons, mln boe

441.3

402.2

9.7%

1.58

1.50

5.2%

Total hydrocarbons, mln boe per day

1.62

1.47

9.7%

 

Natural Gas Sales Volumes, bcm 

3Q

2019

3Q

2018

Change, %

 

9M

2019

9M

2018

Change, %

16.70

15.59

7.1%

Total natural gas sales volumes

57.66

51.00

13.1%

13.66

13.77

-0.8%

Sold in the Russian Federation

47.55

47.57

0.0%

3.04

1.82

66.8%

Sold on international markets

10.11

3.43

194.4%

-----

Log in to read the publication.

An authorized user gets access to four FREE publications per month.

You can also buy a full access to all publications of the site since January 2014.


Earlier:

ДОБЫЧА НОВАТЭК +5.2%
2019, October, 7, 13:15:00
ГЛОБАЛИЗАЦИЯ РЫНКА ГАЗА
После того, как СПГ достигнет 50% в мировой газовой торговле, рынок полностью глобализируется, а потребление газа возрастёт
ДОБЫЧА НОВАТЭК +5.2%
2019, October, 2, 11:25:00
YAMAL LNG: FOURFOLD
Planned 2019 volumes of LNG delivered eastbound to the Asian Pacific markets via the NSR will be increased by more than 4 times compared to last year.
ДОБЫЧА НОВАТЭК +5.2%
2019, October, 2, 11:20:00
YAMAL LNG CAPACITIES
The Yamal LNG project has all the necessary capacities to ensure supplies of LNG produced to customers in accordance with contractual obligations within the agreed timelines.
ДОБЫЧА НОВАТЭК +5.2%
2019, September, 16, 14:30:00
RUSSIA'S LNG WILL UP TRIPLE
Russia exported 248 billion cubic meters (bcm) in 2018, mostly via pipeline to Europe. In the next decade, its liquefied natural gas (LNG) exports will almost triple to 68 bcm as the Yamal LNG project reaches full capacity and Arctic 2 LNG comes online (plus two smaller projects).
All Publications »
Tags: НОВАТЭК, NOVATEK
Chronicle:
ДОБЫЧА НОВАТЭК +5.2%
2020, July, 10, 11:19:00
PROJECT FINANCE & PROJECT FINANCIAL MODELLING
Modern project finance transactions require a high level of expertise in building financial models which are reliable and flexible to accommodate the changing requirements occurring during the life of a project. This 5 days course covers both project finance and financial modelling best practices.
ДОБЫЧА НОВАТЭК +5.2%
2020, July, 10, 11:18:00
OIL and GAS RUSSIA and CIS ONLINE
Online Business Forum, Onsite Visits and 1-2-1 Meetings "Oil and Gas Russia and CIS Online" will be held on 15-17 July 2020
ДОБЫЧА НОВАТЭК +5.2%
2020, July, 10, 11:17:00
Real Estate Finance, Investment Analysis, Valuation & Modelling
Real estate construction or investment requires a high level of technical expertise in building and using financial models if the building is to be profitable for its builder or owner.
ДОБЫЧА НОВАТЭК +5.2%
2020, July, 10, 11:15:00
SAUDI'S DERIVATIVES EXCHANGE
Saudi Arabia’s Capital Market Authority (CMA) plans to launch a derivatives exchange in the latest move to modernize the Kingdom’s financial landscape.
ДОБЫЧА НОВАТЭК +5.2%
2020, July, 9, 15:55:00
OIL PRICE: NEAR $43 AGAIN
Brent up 5 cents, or 0.12%, to $43.34, WTI dipped 14 cents, or 0.3%, to $40.76,
ДОБЫЧА НОВАТЭК +5.2%
2020, July, 9, 15:50:00
GLOBAL OIL INVENTORIES WILL DOWN
Global oil inventories to generally draw through the end of 2021 as global oil demand continues to recover.
ДОБЫЧА НОВАТЭК +5.2%
2020, July, 9, 15:45:00
TOTAL FOR MOZAMBIQUE LNG $15.8 BLN
The project, Mozambique LNG, is one of several being developed in the country’s extreme north following one of the largest gas finds in a decade off its coast.
All Publications »