NOVATEK increased its hydrocarbon production by 1.8% to 336.7 million boe in the first half of 2025. 42.53 billion cubic meters of natural gas and 6.92 million tons of liquid hydrocarbons were produced. This is stated in the company's message.
The total volume of natural gas sales, including LNG, amounted to 39.5 billion cubic meters. m, which is 0.5% higher than a year earlier.
The volume of deethanized gas condensate processing amounted to 6.6 million tons, showing an increase of 1.5%. 4.2 million tons of stable gas condensate were processed, the volume of processing increased by 33.6%.
The total volume of sales of liquid hydrocarbons amounted to 9.2 million tons, an increase of 11.8%.
As of June 30, 2025, 0.9 billion cubic meters. m of gas, including LNG, as well as 1.3 million tons of stable gas condensate and its processed products were recorded as "finished product residues" and "goods in transit" in the inventory.
PJSC NOVATEK is an independent producer of natural gas in Russia. Established in 1994, the company is engaged in the exploration, production, processing and sale of gas and liquid hydrocarbons. NOVATEK's fields and licensed areas are located primarily in the Yamalo-Nenets Autonomous Okrug.
The normalized profit attributable to the shareholders of PJSC NOVATEK, excluding the effect of exchange differences, amounted to 553.4 billion rubles in 2024, which is 4.6% higher than in 2023. Revenue from sales and normalized EBITDA, including the share of joint ventures in EBITDA, amounted to 1.546 trillion rubles and 1.008 trillion rubles, respectively, an increase of 12.7% and 13.2%.
