Novatek’s gas production declines

Novatek, the developer of the giant Yamal LNG project in Russia, reported on Friday a decrease of 2.7% in its gas production for the full year of 2016.

Russia’s second-biggest gas producer said in its preliminary report that it produced 66.1 billion cubic meters (bcm) in 2016, down by 1.81 bcm as compared to the year ago.

Novatek’s total hydrocarbons production rose 3.1% to 537.9 million barrels of oil equivalent.

As at 31 December 2016, Novatek had 0.8 billion cubic meters of natural gas and 702 thousand tons of stable gas condensate and petroleum products in storage or transit and recognized as inventory, according to the report.

Share this article

Follow LNG World News

Posted on January 13, 2017 with tags .

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

Downstream 2019

Renowned as the most significant global meeting place for Downstream professionals…

read more >

GIE Annual Conference 2019

The French gas infrastructure operators ELENGY, GRTgaz and Storengy are looking forward to be your hosts in 2019.

read more >

LNG Pricing, Trading & Hedging London

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >