Published on: 2026-04-26
Source: NOVATEC – Novatec – An important disclaimer is at the bottom of this article.
“NOVATEK” reported preliminary production indicators for the first quarter of 2026
Moscow, April 15, 2026.PJSC NOVATEK (hereinafter “NOVATEK” and/or the “Company”) has presented preliminary production indicators for the first quarter of 2026.
In the first quarter, hydrocarbon production amounted to 174.7 million barrels of oil equivalent (boe), including 22.03 billion cubic meters of natural gas and 3.62 million tons of liquid hydrocarbons (gas condensate and oil). Compared to the first quarter of 2025, hydrocarbon production increased by 5.6 million boe or 3.3%.
According to preliminary data, the total volume of natural gas sales, including LNG, amounted to 21.3 billion cubic meters, which is 1.0% lower than the corresponding figure for the first quarter of 2025.
The volume of processed deethanized gas condensate decreased by 0.5% and amounted to 3.4 million tons. The volume of processed stable gas condensate decreased by 5.8% and amounted to 2.0 million tons.
According to preliminary data, the total volume of liquid hydrocarbons sold amounted to 4.2 million tons, which is 6.3% lower than the corresponding figure for the first quarter of 2025.
Hydrocarbon production taking into account the share in joint ventures
| 1 sq. m. 2026 | 1 sq. m. 2025 | Edited. | |
| Natural gas, billion cubic meters | 22.03 | 21.35 | 3.1% |
| Liquid hydrocarbons, mln tonnes | 3.62 | 3.48 | 4.2% |
| Total hydrocarbons, mln bne | 174.7 | 169.1 | 3.3% |
| Total hydrocarbons, mln bne per day | 1.94 | 1.88 | 3.3% |
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The data presented in this press release characterize the expected results of PAO “NOVATEK” activities for the 1st quarter of 2026. This data is a preliminary estimate, which may be adjusted after the compilation of statistical, financial, tax, and accounting reporting. Thus, actual results and indicators may differ significantly from the declared or forecasted performance results for the 1st quarter of 2026.PJSC “NOVATEK” does not undertake (and explicitly states the absence of any such obligation) to update or amend any statements regarding future results, whether due to the emergence of new information, the occurrence of any events in the future, or any other reasons.
PJSC “NOVATEK” is one of the largest independent producers of natural gas in Russia. In 2017, the Company entered the international LNG market with the successful launch of the “Yamal LNG” project. Established in 1994, the Company is engaged in exploration, production, processing, and sale of gas and liquid hydrocarbons. The fields and licensed plots of subsidiaries and dependent companies of “NOVATEK” are mainly located in the Yamal-Nenets Autonomous Okrug, the largest natural gas production region in the world, which accounts for about 80% of gas production in Russia and approximately 15% of the world’s gas production volume.”NOVATEK” is a public joint-stock company established in accordance with the legislation of the Russian Federation.
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