In the first quarter 2018, NOVATEK’s hydrocarbons production totaled 132.5 million barrels of oil equivalent (boe), including 16.51 billion m3) of natural gas and 2 936 000 t of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons production by 2.0 million boe, or by 1.5% as compared with the first quarter 2017.
Preliminary natural gas sales volumes, including LNG, aggregated 20.26 billion m3, which was 8.0% higher compared with the corresponding period in 2017. The LNG sales volumes on international markets in the first quarter 2018 amounted to 0.96 billion m3.
The Company processed 2 762 000 t of unstable gas condensate at the Purovsky Processing Plant, representing a 5.1% decrease as compared with the corresponding volumes processed in the prior reporting period. NOVATEK processed 1 773 000 t of stable gas condensate at the Ust-Luga Complex, representing a 0.3% increase in volumes processed at the facility in the first quarter 2018.
Preliminary first quarter 2018 petroleum product sales volumes aggregated 1 566 000 t, including 943 000 t of naphtha, 253 000 t of jet fuel, and 370 000 t of fuel oil and gasoil.
As at 31 March 2018, NOVATEK had 0.05 billion m3 of natural gas and 893 000 t of stable gas condensate and petroleum products in storage or transit and recognised as inventory.
