Published on: 2026-11-05
Source: NOVATEK – Novatek – An important disclaimer is at the bottom of this article.
NOVATEK reported preliminary production figures for the third quarter and nine months of 2026
Moscow, October 14, 2026. PAO NOVATEK (hereinafter “NOVATEK” and/or the “Company”) has presented preliminary production figures for the third quarter and the first nine months of 2026.
In the third quarter, hydrocarbon production amounted to 168.2 million barrels of oil equivalent (boe), including 21.12 billion cubic meters of natural gas and 3.56 million tons of liquid hydrocarbons (gas condensate and oil). Compared to the third quarter of 2025, hydrocarbon production increased by 6.8 million boe or 4.2%.
In the first nine months of 2026, hydrocarbon production amounted to 514.4 million boe, including 64.80 billion cubic meters of natural gas and 10.71 million tons of liquid hydrocarbons. Compared to the same period in 2025, hydrocarbon production increased by 16.3 million boe or 3.3%.
According to preliminary data, the total volume of natural gas sales, including LNG, in the third quarter and for the nine months of 2026 amounted to 15.8 and 55.2 billion cubic meters respectively, which is 3.1% and 1.1% lower compared to the corresponding periods of 2025.
According to preliminary data, the total sales volume of liquid hydrocarbons in the third quarter and over the nine months of 2026 amounted to 4.9 and 13.8 million tons respectively, which is 10.5% and 1.0% higher than the corresponding figures for the third quarter and nine months of 2025.
As of September 30, 2026, 1.5 billion cubic meters of gas, including LNG, as well as 0.9 million tons of stable gas condensate and its processed products, were recorded as “finished goods inventory” and “goods in transit” as part of stocks.
Hydrocarbon production taking into account the share in production of joint ventures
| Q3 2026 |
Q3 2025 |
Amend. | 9 mo. 2026 |
9 months 2025 |
Amendment | |
| 21.12 | 20.13 | 4.9% | Natural gas, billion cubic meters | 64.80 | 62.66 | 3.4% |
| 3.56 | 3.52 | 1.3% | Liquid hydrocarbons, million tons | 10.71 | 10.44 | 2.6% |
| 168.2 | 161.4 | 4.2% | Total hydrocarbons, million boe | 514.4 | 498.1 | 3.3% |
| 1.83 | 1.75 | 4.2% | Total hydrocarbons, million bne per day | 1.88 | 1.82 | 3.3% |
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The data presented in this press release characterize the expected results of PJSC NOVATEK’s activities for the third quarter and nine months of 2026. This data is a preliminary estimate that may be refined after the preparation of statistical, financial, tax, and accounting reports. Therefore, the actual results and indicators may differ significantly from the stated or forecasted results of activities for the third quarter and nine months of 2026. PJSC NOVATEK does not assume any obligation (and expressly disclaims any such obligation) to update or change any statements regarding future results, whether as a result of new information, the occurrence of any future events, or for any other reasons.
PJSC NOVATEK is one of the largest independent natural gas producers in Russia. In 2017, the Company entered the international LNG market following the successful launch of the Yamal LNG project. Established in 1994, the Company is engaged in exploration, production, processing, and marketing of gas and liquid hydrocarbons. The fields and licensed areas of NOVATEK’s subsidiaries and dependent companies are predominantly located in the Yamalo-Nenets Autonomous Okrug, the world’s largest natural gas production region, accounting for about 80% of Russia’s gas production and approximately 15% of global gas production. NOVATEK is a public joint-stock company established in accordance with the legislation of the Russian Federation.
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