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2010 October 11   15:38

Novatek posts 12 shipments of exported gas condensate in Q3, 2010

Novatek company exported 12 tanker gas condensate cargoes in the third quarter of this year versus eight tanker shipments a year earlier, the company's press release said.

As of September 30, the Company reported of 1,031m cub. m. of natural gas and 206,000 tons of stable gas condensate as inventory of "goods in transit" and "finished product remainder" until the cargo reaches the destination port, the company said.  
 
NOVATEK, founded in 1994, is currently the largest independent gas producer and the second-largest natural gas producer in Russia. The Company is focused on prospecting, production and processing of natural gas and liquid hydrocarbons. As of late 2009, the Company had 6.86bn oil equivalent barrels of proved reserves.  Novatek assets are located in the Yamal-Nenets Region, the world's largest natural gas producing area and accounts for over 90% of Russia's natural gas production and 20% of the world’s gas production.

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