AsiaCorporate

Russia’s Novatek logs higher production, sales in Q1

By LNG Prime Staff
Russia's Novatek logs higher production, sales in Q1
For illustration only (Image: Novatek)

Russia’s independent LNG producer Novatek reported a rise in both gas production and sales for the first quarter of this year.

Novatek said on Monday in its preliminary report natural gas production increased by 5.6 percent year-on-year to 20.15 billion cubic metres.

In addition, the company’s total production of hydrocarbons rose by 6.4 percent to 158.1 million barrels of oil equivalent.

Natural gas sales volumes also increased during the quarter to 21.43 bcm. This marked a rise of 3.6 percent when compared to the same period last year.

However, LNG sales declined. Novatek said it sold 1.87 bcm of LNG on international markets during the quarter, a drop of 23.7 percent.

The company attributed the decline to lower spot market sales from its Yamal LNG export terminal in the Russian Arctic.

The drop was due to the decrease of Yamal LNG shareholders’ share, including Novatek’s share, of volumes sold on the spot market, and a corresponding increase of Yamal direct sales under long-term contracts, it said.

Most Popular

Contracts and Tenders

Eni seeks contractors for third Mozambique FLNG

Italian energy firm Eni and its partners in the Mozambique Rovuma Venture have invited companies to submit their expression of interest for the construction of one large floating LNG production unit with a capacity of up to 6 mtpa.
LNG as Fuel

Yang Ming’s LNG-powered vessel named in South Korea

South Korea’s HD Hyundai Heavy Industries held a naming ceremony on Friday for Yang Ming Marine Transport’s LNG dual-fuel container vessel.
LNG Terminals

Golden Pass LNG gets green light to start commissioning of second train

Golden Pass LNG, a joint venture of energy giants QatarEnergy and ExxonMobil, has secured approval from the US FERC to kick off the commissioning process for the second liquefaction train at its three-train plant in Texas.

More News Like This

LNG Terminals

Russia ups LNG production in May

Russian liquefied natural gas (LNG) production rose 13.7 percent in May this year compared to the same month in 2025, according to the Russian statistics agency Rosstat.
Vessels

Zvezda delivers second Russian-built ice-class LNG carrier to Sovcomflot

Russian Zvezda yard has delivered the second Russian-built ice-class liquefied natural gas (LNG) carrier to compatriot shipping firm Sovcomflot.
Contracts and Tenders

Russia’s Novatek to buy Arctic LNG 2 stake from TotalEnergies

A unit of Russian LNG exporter Novatek has received Russian approval to buy a 10 percent stake in the Arctic LNG 2 project from French energy giant TotalEnergies, according to a presidential decree.
LNG Terminals

Russia boosts LNG production in April

Russian liquefied natural gas (LNG) production rose 10.4 percent in April this year compared to the same month in 2025, according to the Russian statistics agency Rosstat.