NOVATEK increased its hydrocarbon production by 3.3% in 2024 compared to a year earlier. Hydrocarbon production amounted to 667 million barrels of oil equivalent (boe), including 84.08 billion cubic meters of natural gas and 13.8 million tons of liquid hydrocarbons (gas condensate and oil). This is stated in the company's message.
The total volume of natural gas sales, including LNG, amounted to 77.76 billion cubic meters, which is 1.1% lower than the same indicator for 2023.
The volume of deethanized gas condensate processing decreased by 1.3% and amounted to 13.2 million tons. The volume of stable gas condensate processing increased by 5.6% and amounted to 7.4 million tons.
The total volume of sales of liquid hydrocarbons increased by 3.1% and amounted to 16.4 million tons.
As of December 31, 2024, 1.3 billion cubic meters of gas, including LNG, as well as 2 million tons of stable gas condensate and its processed products were recorded as "finished product residues" and "goods in transit" in reserves.
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 profit attributable to the shareholders of PJSC NOVATEK for the first half of 2024 amounted to 341.7 billion rubles (114.34 rubles per share), which is 2.2 times higher than in the first half of 2023 — 155.6 billion rubles.
