Novatek 1H Production Up, Gas Sales Too
Russian independent Novatek's first-half 2018 marketable hydrocarbons production of 264.3mn barrels of oil equivalent was up by 2.4% on last year, it said July 11. That equated to 1.46mn boe/d.
This year's figure included 32.93bn m3 natural gas, up 3.2%; and 5.864mn metric tons of liquids (gas condensate and crude oil) which were down by 0.4%.
Preliminary natural gas sales volume, including LNG were 35.42bn m3, up 6.9% year on year.
Its LNG sales on international markets in first half 2018 amounted to 1.61bn m3. Novatek-operated Yamal LNG began exports in December 2017; its equity stake in the venture is 50.1%.
Yamal LNG announced May 7 2018 that it had produced 2mn mt since opening five months earlier.