Novatek’s gas production, LNG sales rise in Q3

Russian LNG exporter Novatek said on Wednesday that its natural gas production rose in the third quarter of this year.

Novatek said in its preliminary report the company’s gas production had reached 19.94 billion cubic meters in July-September, a rise of 4.9 percent when compared to 19 bcm in the same period last year. Gas production dropped compared to 20.25 bcm in the prior quarter.

The company’s total production rose 4 percent year-on-year to 155.6 million barrels of oil equivalent.

Moreover, preliminary total natural gas sales volumes, including domestic sales, dropped by 2.3 percent to 16.19 bcm in the third quarter.

LNG sales rose by 12.9 percent during the quarter under review.

The firm sold 1.93 bcm of LNG on international markets, compared to 1.71 bcm in the third quarter last year.

Novatek currently exports LNG via its Yamal LNG plant and the mid-scale facility in Vysotsk.

The firm is also building the Arctic LNG 2 plant. This project has faced many difficulties due to the introduction of sanctions by the US and the European Union on Russian firms.

Novatek plans to launch the first Arctic LNG 2 GBS in late 2023.

Most Popular

Venture Global to introduce gas to 14th Plaquemines liquefaction block

US LNG exporter Venture Global LNG has received approval from the US FERC to introduce natural gas to the fourteenth liquefaction block at the Plaquemines LNG terminal in Louisiana as part of the plant’s commissioning process.

South Korea gets first LNG Canada cargo

The 174,000-cbm GasLog Glasgow, which is carrying the first liquefied natural gas cargo produced at the Shell-led LNG Canada facility in Kitimat, has arrived in Tongyeong, South Korea, according to shipping data.

Venture Global adds more liquefaction blocks to Plaquemines expansion

US LNG exporter Venture Global LNG has added four more liquefaction blocks to the proposed brownfield expansion of its Plaquemines LNG terminal in Louisiana.

More News Like This

Novatek’s gas sales climb in Q2

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

Russian LNG production drops in May

Russian liquefied natural gas (LNG) production continued to decrease in May compared to last year, according to the Russian statistics agency Rosstat.

Russia’s Novatek in LNG truck move

Russian LNG producer Novatek and compatriot National Carrier (NATCAR) are joining fores to develop the market for LNG as fuel for trucks.

Russian LNG production drops in April

Russian liquefied natural gas (LNG) production decreased in April compared to last year, according to the Russian statistics agency Rosstat.