6 Feb 2023 14:34

Novatek plans to keep gas, liquids output flat in 2023

BANGALORE. Feb 6. (Interfax) - Novatek plans to keep gas and liquids output at the same level as last year in 2023, CEO Leonid Mikhelson told reporters in Bangalore on the sidelines of India Energy Week.

"We still have plans: last year we produced a little more than 82 billion cubic meters of gas and about 12 million tonnes of liquid [hydrocarbons]. Our oil production is falling, but condensate production is increasing, and we'll stay somewhere on the shelf," Mikhelson said.

Gas production rose 2.8% to 82.14 million tonnes while liquids production fell 2.9% to 11.94 million tonnes in 2022.