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Novatek said in its preliminary report on Tuesday that the company’s natural gas sales reached 16.3 bcm in the third quarter.
This marks a decrease of 3.1 percent as compared with the third quarter of 2024, according to Novatek.
Novatek did not break down the third-quarter gas sales just to LNG, as it had done in the previous eight quarterly reports.
The company’s natural gas sales reached 39.5 bcm in the first half of this year.
Novatek said its gas sales of 55.8 bcm in the first nine months of this year decreased by 0.6 percent compared to 2024.
The company’s gas production dropped 2.2 percent year-over-year to 20.13 bcm in the third quarter, while January-September production rose 0.6 percent to 62.66 bcm.
In the third quarter, Novatek’s hydrocarbon production totaled 161.4 million barrels of oil equivalent (boe), including 3.52 million tons of liquids (gas condensate and crude oil).
Novatek stated that this marks a 1.2 percent year-over-year decrease.
As of September 30, 2025, Novatek had 2.1 bcm of natural gas, including LNG, and 1.2 mmt of stable gas condensate and petroleum products in storage or transit and recognized as inventory.
LNG projects
Novatek operates the 17.4 mtpa Yamal LNG plant in Sabetta.
It also operates the 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.
Earlier this year, the US sanctioned Gazprom SPG Portovaya, the Russia-based operator of the Portovaya LNG terminal, and Cryogas Vyostsk, the Russia-based operator of the Cryogas Vysotsk LNG terminal.
In addition, Novatek operates the Arctic LNG-2 export plant, which was first hit by US and EU sanctions.
In August 2024, Novatek delivered the second gravity-based structure platform from its yard near Murmansk to the site of the Arctic LNG 2 project located on the Gydan peninsula.
The company completed the second GBS despite sanctions by the US and the EU related to the Arctic LNG 2 project and LNG carriers.
The first GBS left the Belokamenka yard in July 2024, and Novatek completed the installation on the underbase foundation on the seabed at the Utrenniy terminal in August.
The first and second GBS each have a capacity of about 6.6 mtpa.
According to several reports, Novatek started producing LNG at the second unit earlier this year.
Recent reports indicate that several sanctioned vessels loaded LNG at the Arctic LNG 2 plant, with the first delivery arriving on board Arctic Mulan at PipeChina’s 6 mtpa regasification terminal in Guangxi on August 28.