Related Articles
Forward article link
Share PDF with colleagues

Novatek gas sales plunge on reduced Yamal spot sales

A ramp-up in long-term contract requirements leaves operator with reduced volumes to sell

Russian producer Novatek saw its gas sales to international markets plunge by 32pc in the second quarter of 2020 compared with the same period last year, while half-year figures were down by 30pc. This was despite gas production being broadly similar in 2020 to 2019. The firm produced 18.5bn m³ (203mn m³/d) of gas in the second quarter compared with 18.9bn m³ in Q2 2109. For the half-year, 2020 actually saw a slight increase in production, with output edging closer to 37.6bn m³. But international gas sales plunged from 3.65bn m³ to 2.5bn m³ for the quarter and from 7.1bn m³ to 4.9bn m³ for the half-year. Russian domestic sales were also down, but much less significantly—from 15.1bn m³ and

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Tullow sees progress in Kenya
21 June 2021
The company might not have given up on its Kenyan ambitions
Adnoc presses the upstream accelerator
21 June 2021
Abu Dhabi has resumed the chase towards long-term capacity targets
Var hits oil in Balder Area probe
21 June 2021
The firm’s NCS near-field exploration strategy pays off again
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video