AsiaCorporate

Novatek’s Q2 production up, sales down

By LNG Prime Staff
Novatek's Q2 production up, sales down
Novatek's Vysotsk LNG plant (Image: Novatek)

Russia’s independent LNG producer Novatek said on Tuesday that its natural gas production rose in the second quarter of this year.

Novatek said in its preliminary report the company’s gas production reached 20.25 billion cubic meters in April-June, a rise of 1.5 percent when compared to 19.95 bcm in the same period last year. Gas production dropped compared to 20.64 bcm in the prior quarter.

The company’s total production of hydrocarbons remained flat in the second quarter at 156.6 million barrels of oil equivalent.

On the other side, preliminary total natural gas sales volumes, including LNG volumes, dropped by 4 percent to 16.99 bcm in the second quarter.

Also, Novatek said its LNG sales decreased by 8.3 percent during the quarter under review.

The firm sold 2.20 bcm of LNG on international markets, compared to 2.40 bcm in the second quarter last year.

Most Popular

LNG Terminals

Santos ships first Barossa condensate cargo to South Korea

Australian LNG player Santos and Prism Energy International Australia have jointly sold and shipped the first condensate cargo from the Barossa gas project, located approximately 285 km north of Darwin, to South Korea.
Contracts and Tenders

Baker Hughes scores CP2 LNG expansion gig from Venture Global

US energy services firm Baker Hughes said it had secured a “major” order from compatriot LNG exporter Venture Global LNG to provide a liquefaction solution for its CP2 LNG expansion project in Louisiana.
LNG Terminals

Sempra Infrastructure extends ECA LNG commissioning due to compressor damage

US LNG exporter Sempra Infrastructure, a subsidiary of Sempra, said it is extending the commissioning phase of the ECA LNG Phase 1 project in Ensenada, Mexico, after it found damage in the plant's refrigerant compressors.
spot_img

More News Like This

LNG Terminals

Russian LNG production up 10.7 percent in January-June

Russian liquefied natural gas (LNG) production rose 10.7 percent in the first six months of this year, according to the Russian statistics agency Rosstat.
Corporate

Novatek’s H1 net profit down

Russian LNG producer Novatek reported a 3.1 percent drop in its net profit in the first half of this year.
Contracts and Tenders

TotalEnergies to complete Arctic LNG 2 stake sale to Novatek in near term, CEO says

French energy giant TotalEnergies expects to complete the sale of a 10 percent stake in the Arctic LNG 2 project to Russian LNG exporter Novatek in the near term, according to TotalEnergies CEO Patrick Pouyanne.
Corporate

Novatek’s gas sales slightly up in Q2

Russian LNG exporter Novatek reported a slight increase in its natural gas sales, including LNG, in the second quarter of this year.