Russia’s Novatek ramps up natural gas production & shipments abroad in 2021

1 min


86
14 shares, 86 points
Russia’s Novatek ramps up natural gas production & shipments abroad in 2021

Russian energy major Novatek said on Monday that gas production in the January-March period this year was up by 5.6%, amounting to 20.15 billion cubic meters (bcm). The company also reported increased exports.

“In the first quarter, hydrocarbon production amounted to 158.1 million barrels of oil equivalent (boe), including… 3,129 thousand tons of liquids (gas condensate and oil), resulting in an increase in total hydrocarbons produced by 7.9 million boe, or by 5.3% as compared with the first quarter 2020,” the company said.

According to the preliminary operating data, the total volume of natural gas sales, including LNG, amounted to 21.43 bcm, which is 3.6% higher compared with the same period last year.
Also on rt.com Russia’s Arctic sea route draws growing global investor interest, Foreign Ministry says
“The decrease attributable to volumes sold on international markets was mainly due to the decrease of Yamal LNG shareholders’ share, including NOVATEK’s share, of LNG volumes sold on the spot market, and a corresponding increase in Yamal LNG direct sales under long-term contracts,” it said.

Advertisements

Data shows that Russia sold 19.56 bcm of natural gas, 7.2% more than in the first quarter of 2020. The volume of LNG sales to international markets amounted to 1.87 bcm.

For more stories on economy & finance visit RT’s business section

RT

Advertisements

Like it? Share with your friends!

86
14 shares, 86 points

What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
0
win

0 Comments

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.