NOVATEK reports preliminary operating data for 1Q 2022
In the 1Q 2022, NOVATEK’s hydrocarbon production totaled 160 MM barrels of oil equivalent (boe), including 20.64 Bm3 of natural gas and 3 MMt of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons produced by 1.9 MMboe, or by 1.2% as compared with the 1Q 2021.
Preliminary total natural gas sales volumes, including volumes of LNG sold, aggregated 21.23 Bm3, representing a decrease of 0.9% as compared with the corresponding volumes in the 1Q 2021. The natural gas volumes sold in the Russian Federation were 19.37 Bm3, representing a decrease of 0.9% as compared with the prior year period, whereas LNG volumes sold on international markets amounted to 1.86 Bm3, representing a decline of 1.0%.
The company processed 3.3 MMt of unstable gas condensate at the Purovsky processing plant, representing an increase of 7% as compared with the corresponding volumes processed in the 1Q 2021. NOVATEK further processed 1.8 MMt of stable gas condensate at the Ust-Luga complex, which is equal to the volumes processed in the 1Q 2021.
Preliminary petroleum product sales volumes aggregated 1,736 tons, including 1,161 tons of naphtha, 229,000 tons of jet fuel, and 346,000 tons of fuel oil and gasoil. NOVATEK sold 761,000 tons of crude oil and 619,000 tons of stable gas condensate.
On March 31, 2021, NOVATEK had 0.2 Bm3 of natural gas, including LNG, and 700,000 tons of stable gas condensate and petroleum products in storage or transit and recognized as inventory.
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