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Russian Novatek increased hydrocarbon production by 4% YoY
PAO Novatek, Moscow, increased total hydrocarbon production by 4% year-over-year with 155.6 MMboe in 3Q22. In 3Q22, Novatek processed 3.2 million tons of unstable gas condensate at the Purovsky processing plant, representing an increase in processed volumes by 2.7% as compared with the corresponding period in 2021. Novatek processed 1.7 million tons of stable gas condensate at the Ust-Luga complex, which was 7.1% higher as compared with 3Q21. According to preliminary data in 3Q22, petroleum product sales volumes aggregated 1,711 thousand tons, including 1,036 thousand tons of naphtha, 291 thousand tons of jet fuel, and 384 thousand tons of fuel oil and gasoil. The company sold 703 thousand tons of crude oil and 835 thousand tons of stable gas condensate.