14 Oct 2024 14:32

Novatek boosts gas output 4% YoY to 20.57 bcm, liquid hydrocarbon production 14% to 3.4 mln tonnes in Q3

MOSCOW. Oct 14 (Interfax) - Novatek boosted gas production 4.1% year-on-year to 20.57 billion cubic meters in 3Q 2024, the company said.

This led to an increase in the dynamics of the indicator for the first nine months to 2.1%, while for the first half of the year, Novatek increased gas production by 1.2%. The company produced 62.3 bcm in 9M.

Novatek produced 3.41 million tonnes of liquid hydrocarbons, up 14% year-on-year in the third quarter. There was a rise of 12.6% to 10.24 million tonnes in nine months, and there was growth of 11.9% LHC for the half-year.

Preliminary data indicate that the total volume of natural gas sales, including LNG, in the third quarter totaled 16.87 bcm, nearly unchanged from the third quarter of 2023. The volume of gas sales totaled 56.16 bcm in 9M2024, down 2.3% year-on-year.