Novatek’s gas sales slightly up in Q2

Novatek said in its preliminary report on Monday that the company’s natural gas sales reached 18.1 bcm in the second quarter.

This marks a 0.4 percent increase compared with the second quarter of 2025, according to Novatek.

Novatek did not break down the second-quarter gas sales just to LNG.

The company’s natural gas sales reached 21.3 bcm in the first quarter, down 1 percent year-on-year.

During the first half of this year, Novatek’s gas sales decreased 0.3 percent year-on-year to 39.4 bcm.

Moreover, Novatek said its gas production of 21.45 bcm in the second quarter increased 2.2 percent year-on-year

The company’s gas production reached 22.04 bcm in the first quarter, a rise of 3.1 percent year-on-year.

Hydrocarbon production, 3.52 million tons (mmt) of liquid hydrocarbons (gas condensate and crude oil), totaled 171.5 million barrels of oil equivalent (mmboe).

This marks an increase in total hydrocarbons produced by 3.9 mmboe, or by 2.3 percent compared to the second quarter of 2025, Novatek said.

Novatek’s hydrocarbon production totaled 346.2 mmboe in the first half, an increase in total hydrocarbons produced by 9.5 mmboe, or by 2.8 percent as compared to the first half of 2025, it said.

The Russian LNG exporter operates the 17.4 mtpa Yamal LNG plant in Sabetta and the Arctic LNG 2 export plant, which was the first to be hit by US and EU sanctions.

Novatek also operates the sanctioned mid-scale LNG plant in Russia’s Baltic Sea port of Vysotsk with a capacity of more than 660,000 tons of LNG per year.

Western sanctions have severely impacted Novatek’s efforts to ship volumes from its Arctic LNG projects.

It is worth mentioning here that Russia’s Zvezda yard recently delivered the second Russian-built ice-class LNG carrier to compatriot shipping firm Sovcomflot.

This is the second ice-class Arc7 carrier in a series of 15 vessels that will serve the Novatek-operated Arctic LNG 2 project.