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    Lukoil Output up on Uzbek Gains


The Russian producer commissioned a new gas plant in Uzbekistan in April last year.

by: Joseph Murphy

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Natural Gas & LNG News, Asia/Oceania, Europe, Premium, Corporate, Exploration & Production, Investments, News By Country, Russia, Uzbekistan

Lukoil Output up on Uzbek Gains

Russia’s privately-owned Lukoil boosted gas production by 4% in the first nine months of the year to 25.61bn m3, on the back of growth at projects in Uzbekistan. Projects abroad now account for about half its gas output.

While output inside Russia dipped 1.6% to 13.18bn3 in the period, Lukoil’s overseas production climbed 10.6%, arriving at 12.43bn m3, the company said in a statement on November 11. Production in Uzbekistan alone was up 9% yr/yr at 10.3bn m3, which it attributed to the launch of the Kandym gas processing plant in April last year.

Lukoil also produced 65.4mn mt of oil in January to September, up 0.6% compared with the same period last year. Its output outside of Russia rose 3.5% to 2.75mn mt.

The company has invested in building up its international operations over recent years to reduce its reliance on mature oilfields in Western Siberia.