• Home
  • News
  • NOVATEK reports preliminary operating data for the first quarter 2019
  • 2019 April 18 12:49

    NOVATEK reports preliminary operating data for the first quarter 2019

    PAO NOVATEK reported today preliminary operating data for the first quarter 2019.

    In the first quarter 2019, NOVATEK’s hydrocarbon production totaled 147.1 million barrels of oil equivalent (boe), including 18.66 billion cubic meters (bcm) of natural gas and 2,987 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons produced by 14.6 million boe, or by 11.0% as compared with the first quarter 2018.

    Preliminary natural gas sales volumes, including volumes of LNG sold, aggregated 22.18 bcm, representing an increase of 9.5% as compared with the corresponding period in 2018. Natural gas volumes sold in the Russian Federation in the first quarter 2019 were 18.77 bcm, whereas volumes of LNG sold on international markets amounted to 3.41 bcm.

    The Company processed 2,693 thousand tons of unstable gas condensate at the Purovsky Processing Plant, representing a 2.5% decrease as compared with the corresponding volumes processed in the prior reporting period. NOVATEK processed 1,765 thousand tons of stable gas condensate at the Ust-Luga Complex, representing a 0.5% decrease in volumes processed at the facility in the first quarter 2019.

    According to preliminary data in the first quarter 2019, petroleum product sales volumes aggregated 1,797 thousand tons, including 1,159 thousand tons of naphtha, 272 thousand tons of jet fuel, and 366 thousand tons of fuel oil and gasoil. NOVATEK sold 1,128 thousand tons of crude oil and 372 thousand tons of stable gas condensate.

    As at 31 March 2019, NOVATEK had 0.8 billion cubic meters of natural gas, including LNG, and 772 thousand tons of stable gas condensate and petroleum products in storage or transit and recognized as inventory.

    NOVATEK’s hydrocarbon production including share in production of joint ventures

     

    1Q 2019

    1Q 2018

    Change,%

    Natural gas, bcm

    18.66

    16.51

    13.0%

    Liquids, thousand tons

    2,987

    2,936

    1.7%

    Total hydrocarbons, mln boe

    147.1

    132.5

    11.0%

    Total hydrocarbons, mln boe per day

    1.63

    1.47

    11.0%

    Natural Gas Sales Volumes, bcm

     

    1Q 2019

    1Q 2018

    Change,%

    Total natural gas sales volumes

    22.18

    20.26

    9.5%

    Sold in the Russian Federation

    18.77

    19.31

    -2.8%

    Sold on international markets

    3.41

    0.96

    255.6%

    PAO NOVATEK is one of the largest independent natural gas producers in Russia, and in 2017, entered the global gas market by successfully launching the Yamal LNG project. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. The Company’s upstream activities are concentrated mainly in the prolific Yamal-Nenets Autonomous Region, which is the world’s largest natural gas producing area and accounts for approximately 80% of Russia’s natural gas production and approximately 15% of the world’s gas production. NOVATEK is a public joint stock company established under the laws of the Russian Federation. The Company’s shares are listed in Russia on Moscow Exchange (MOEX) and the London Stock Exchange (LSE) under the ticker symbol “NVTK”.




2022 October 4

18:43 Samskip adds Value Maritime CO2 capture to decarbonisation strategy
18:32 DEME upgrades DP fallpipe vessel fleet
18:24 Lomar Shipping announces the corporate acquisition of Carl Buttner
18:06 KBAL and Høglund join forces to offer shipowners ground-breaking ballast water technology
17:51 Throughput capacity of CPV to grow 1.7 times to 1.2 million containers by 2025
17:26 The steel-cutting ceremony for two new ferries takes place at Cemre Marin Endustri shipyard
17:06 Mawani and Globe Group sign a contract to build an integrated logistics park at Jeddah Islamic Port
16:50 Emperium to present its electric vessel with a hybrid system intended for the Neva in 2023
16:32 Excelerate Energy finalizes agreement with HHI for newbuild FSRU
16:07 TotalEnergies announces naming ceremony for the Brassavola LNG bunker vessel in Singapore
15:44 Hapag-Lloyd acquires terminal business of SM SAAM for USD 1 billion
15:04 Petrofac takes over operatorship of the Northern Endeavour FPSO facility
14:20 Northern Delivery programme of navigation season 2022 is nearly completed ‒ Rosmorrechflot
14:03 Maersk Oil Trading, METS, Mitsui and ABS develop methanol bunkering project in Singapore
13:41 Rosmorrechflot reports reduction of oil products transportation by Russia’s IWW in 2022
13:22 Tallink Grupp reports largest quarterly passenger number since 2019
13:02 REGENT and TotalEnergies partner to explore use of electric seaglider for maritime travel to offshore energy platforms
12:34 Sval Energi completes USD 1.3 billion deals
12:01 Multipurpose dry cargo ship of Project RSD34 can be fully fitted with Chinese equipment
11:57 PSA joins ‘The Silk Alliance’ cross supply-chain maritime partnership initiated by Lloyd’s Register Maritime Decarbonisation Hub
11:28 Sweden sends diving vessel to probe leaking Nord Stream pipelines - Reuters
11:23 Fleet maintenance base in Ust-Luga to be loaded with orders until 2030 — Rosmorport
10:45 Finnish Ministry of Foreign Affairs gives a negative decision for the export license to the icebreaker ordered by Norilsk Nickel
10:24 IMO and Commonwealth Secretariat join forces for sustainable maritime development
09:50 Crude oil futures rise on expectation of OPEC+ decision to cut oil output
09:35 Port of Long Beach presents annual emissions inventory report
09:25 Rosatom and Rosmorrechflot work out inland water transport corridors leading to Northern Sea Route
08:51 MABUX: Sharp upward deviation is expected in Global bunker market on Oct 04

2022 October 3

18:23 Preparing container vessels for conversion to green fuels – Maersk Mc-Kinney Moller Center
18:13 Candela's electric hydrofoil ferries could unlock the potential of Seattle's waterways
17:56 Russia needs bulker fleet of 70 million dwt to ensure transport independence in this segment
17:49 Accelleron completes successful spin-off from ABB with shares admitted to trading on SIX Swiss Exchange
17:27 USC to commence building 60,000-dwt bulkers upon completion of Severnaya Verf modernization
17:05 Conti Seafrigo Antwerp realises new frozen food warehouse
16:05 Suez Canal Economic Zone signs contract with Agility to develop and operate a customs and logistics center
15:48 Russia not to face dredging problems on the Northern Sea Route in the coming years – Rosatom
15:24 Amogy launches operations in Norway
15:01 Rosmorrechflot expects throughput of Russian seaports in 2022 to remain flat, year-on-year
14:29 DP World launches a new strategic arm focused on supporting the growth ambitions of large companies
14:06 Performance Shipping announces agreement to acquire eighth Aframax vessel
13:49 Rosmorrechflot plans to have about 50 ships built by 2024-25
13:43 Expro completes subsea decommissioning project on Ireland’s first indigenous gas wells
13:26 Rosmorrechflot considers it necessary to shift container flows from Far East ports to southern ones
12:48 Seven new container lines opened in the Far East Basin this year
12:10 DNV and Pavilion Energy partner to bring fully digital LNG bunkering to Singapore
12:01 Russia’s drifting polar station North Pole-41 commences operation in the Arctic Ocean
11:57 Weathernews launches new service supporting ‘Greener shipping and Sea Logistics’
11:35 Solstad Offshore announces contract for PSV in Brazil
11:34 EverWind and Svitzer announce joint development of green fueled vessels
10:42 Aker Solutions and Siemens Energy to provide the grid connection infrastructure for the Norfolk Boreas Offshore Wind Farm
10:12 The project for a deepening of fairway in the Port of Gothenburg receives permit
09:59 Coal terminal Port Elga planned for construction in Khabarovsk Territory obtains environmental approval
09:35 Mawani and Tabadul sign MoU to develop a new Port Community System
09:16 Crude oil futures rise on possible output cut by OPEC+
09:01 MABUX: Downward changes expected in Global bunker market on Oct 03

2022 October 2

14:13 MISC strengthens its partnership with Seariver Maritime
13:51 Salt designs Bay du Nord FPSO hull
11:27 North Italian terminal orders Generation 6 Konecranes Gottwald Mobile Harbor Crane to lift productivity and eco-efficiency
09:58 GTT receives an order from DSME for the tank design of ten new LNG carriers

2022 October 1

15:31 International carbon collaboration could reshape shipping markets - ICS