Novatek’s nine-month production drops

Novatek's nine-month production drops

Russia’s Novatek, the developer of the Yamal LNG project, reported a decrease in total hydrocarbons production by 30.4 million boe, or by 7.5 percent, as compared with the nine months 2016.

Novatek’s marketable hydrocarbons production totaled 374.7 million barrels of oil equivalent, including 46.03 billion cubic meters (bcm) of natural gas and 8,806 thousand tons of liquids (gas condensate and crude oil).

Preliminary natural gas sales volumes aggregated 47.02 bcm, which was 1.6 percent higher compared with the nine months 2016, Novatek’s report shows.

The company processed 8,585 thousand tons of unstable gas condensate at the Purovsky processing plant, representing a 7.9 percent decrease in daily average processing volumes as compared with the corresponding volumes processed in the prior reporting period.

Novatek processed 5,247 thousand tons of stable gas condensate at the Ust-Luga complex, representing a 1.3 percent increase in daily average volumes processed at the facility in the nine months 2017.

Preliminary petroleum product sales volumes aggregated 5,077 thousand tons, including 3,063 thousand tons of naphtha, 845 thousand tons of jet fuel, and 1,169 thousand tons of fuel oil and gasoil. Export sales of stable gas condensate totaled 260 thousand tons.

As at 30 September 2017, Novatek had 1.38 bcm of natural gas and 703 thousand tons of stable gas condensate and petroleum products in storage or transit and recognized as inventory.

Share this article

Follow LNG World News

Posted on October 9, 2017 with tags .


<< Aug 2019 >>
29 30 31 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

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >

LNG Pricing, Trading & Hedging Houston

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

read more >

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >