NOVATEK increased gas production by 0.3% in 2023 – Kommersant
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Based on the results of 2023, NOVATEK (MOEX: NVTK) increased natural gas production by 0.3% year-on-year, to 82.39 billion cubic meters. m, follows from reporting companies. The total volume of natural gas sales, including liquefied natural gas (LNG), amounted to 78.63 billion cubic meters. m, which is 2.7% higher than the 2022 level.
NOVATEK increased its production of liquid hydrocarbons by 3.6%, to 12.37 million tons. Overall, production increased 0.9% to 644.7 million barrels of oil equivalent. The volume of sales of liquid hydrocarbons last year increased by 0.3%, to 15.9 million tons.
The volume of processing of deethanized gas condensate at the Purovsky Plant increased by 1.2%, to 13.4 million tons. At the complex in Ust-Luga, the volume of stable gas condensate processing increased by 0.4%, to 7 million tons.
NOVATEK’s net profit under IFRS for the first half of 2023 amounted to 155.644 billion rubles. (before adjustments for unreliable items). In October the company’s shareholders approved payment of dividends based on the results of the first half of 2023 in the amount of 34.50 rubles. per share.
In December NOVATEK sent customers were notified of force majeure regarding future supplies of liquefied gas from the Arctic LNG-2 project, which was a consequence of US sanctions. After this, according to Kommersant, the foreign shareholders of the Arctic LNG-2 project – the French TotalEnergies, the Chinese CNPC and CNOOC and the consortium of the Japanese Mitsui and JOGMEC – declared force majeure on their participation in the project.
Details – in the material “Kommersant” “Arctic LNG-2 is now on its own”.
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