Production

In the nine months 2016 NOVATEK’s marketable production totaled 49.95 billion cubic meters (bcm) of natural gas and 9,387 thousand tons of liquids (gas condensate and crude oil), resulting in a slight decrease in natural gas production by 150 million cubic meters, or by 0.3%, and an increase in combined liquids production by 2,852 thousand tons, or by 43.6% as compared with the nine months 2015.

The Company processed 9,356 thousand tons of unstable gas condensate at the Purovsky Processing Plant, which represented a 7.6% increase as compared with the corresponding volumes processed in the nine months 2015.

NOVATEK processed 5,197 thousand tons of stable gas condensate at the Ust-Luga Complex, which was 3.0% higher than the volumes processed at the facility in the nine months 2015. Preliminary nine months 2016 petroleum product sales volumes aggregated 5,211 thousand tons, including 3,247 thousand tons of naphtha, 774 thousand tons of jet fuel, and 1,190 thousand tons of fuel oil and gasoil. Export sales of stable gas condensate amounted to 1,069 thousand tons.

As at 30 September 2016, NOVATEK had 2.46 bcm of natural gas and 426 thousand tons of stable gas condensate and petroleum products in storage or transit and recognized as inventory.

NOVATEK’s hydrocarbon production including share in production of joint ventures

 
9M15
9M16
Change, %
Natural gas, bcm
50.10
49.95
-0.3%
Liquids, mt
6,535
9,387
43.6%