News listings
2022 Happy New Year

energy-pedia general news

Russia flagRussia

Europe / Caspian / CIS >>> Russia

Russia: NOVATEK reports preliminary operating data for 2021

14 Jan 2022

Photo - see caption

NOVATEK has reported preliminary operating data for the twelve months ended 31 December 2021.

In 2021, NOVATEK’s hydrocarbon production totaled 626.0 million barrels of oil equivalent (boe), including 79.89 billion cubic meters (bcm) of natural gas and 12.3 million tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons produced by 17.8 million boe, or by 2.9% as compared with the twelve months 2020.

Preliminary 2021 total natural gas sales volumes, including volumes of LNG sold, aggregated 75.81 bcm, representing an increase of 0.3% as compared with the corresponding volumes in 2020. The natural gas volumes sold in the Russian Federation were 67.87 bcm, representing an increase of 1.8% as compared with the prior year period, whereas LNG volumes sold on international markets amounted to 7.94 bcm, representing a decline of 11.1%. The decrease attributable to volumes sold on international markets was mainly due to the increase in Yamal LNG direct sales under long-term contracts and a corresponding decrease in Yamal LNG shareholders’ share, including NOVATEK’s share, of LNG volumes sold on the spot market.

The Company processed 12.8 million tons of unstable gas condensate at the Purovsky Processing Plant, representing an increase of 8.8% as compared with the corresponding volumes processed in the prior reporting period. NOVATEK further processed 7.0 million tons of stable gas condensate at the Ust-Luga Complex, representing a slight decrease of 0.7% in volumes processed at the facility in 2021.

Preliminary 2021 petroleum product sales volumes aggregated 6,785 thousand tons, including 4,398 thousand tons of naphtha, 1,039 thousand tons of jet fuel, and 1,347 thousand tons of fuel oil and gasoil. NOVATEK sold 3,909 thousand tons of crude oil and 2,341 thousand tons of stable gas condensate.

At the 31 December 2021, NOVATEK had 0.9 bcm of natural gas, including LNG, and 660 thousand tons of stable gas condensate and petroleum products in storage or transit and recognized as inventory.

Photo - see caption

Original article link


Bookmark and Share

A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.

Subscriber Only Deals

Current Deals

Current Upstream Deals: 344

Completed Deals

Completed Upstream Deals: 6225

Company Profiles

Current Company Profiles: 2813

Corporate Activity

Current Corporate Activity articles: 3836

Companies Looking

Current number of articles: 449

Company Sales

Current Company Sales articles:1515


Current Geostudies articles: 833

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...

energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...

energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...


Subscribe to the FREE
energy-pedia Daily Newsletter

SLR Consulting logo
Government of South Australia
Union Jack Oil 149
KL Publishing
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans

Tel: +44(0)1727 822675