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    Novatek boosts gas flow by 4.2% in 9M-2021

Summary

Output was down 0.7% year on year in the third quarter, however.

by: Joseph Murphy

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Complimentary, NGW News Alert, Natural Gas & LNG News, Europe, Liquefied Natural Gas (LNG), Corporate, Exploration & Production, News By Country, Russia

Novatek boosts gas flow by 4.2% in 9M-2021

Russian gas producer Novatek increased gas supply by 4.2% in the first nine months of the year to 59.1bn m3, the company reported on October 11, although output was down 0.7% year on year in the third quarter.

Overall hydrocarbon production averaged 1.7mn barrels of oil equivalent/day in the first nine months of 2021, up 4.5% year on year, while output in the third quarter was down 0.5% at 1.63m boe/d.

Novatek is Russia's second biggest gas producer after Gazprom and its leading LNG exporter. It operates the 17mn metric ton/year Yamal LNG plant and is developing a second, 20mn mt/yr facility, Arctic LNG-2, due to start up in 2023.