Published on: 2026-04-26
Source: NOVATEK – 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”) presented preliminary production figures 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 tonnes of liquid hydrocarbons (gas condensate and oil). Compared to the first quarter of 2025, hydrocarbon production increased by 5.6 million boe or by 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 dehydrated 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 hydrocarbon liquids production 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 the production of joint ventures
| 1 sq. m. 2026 | 1 sq. m. 2025 | Edit. | |
| Natural gas, billion cubic meters | 22.03 | 21.35 | 3.1% |
| Liquid hydrocarbons, mln tons | 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 PJSC “NOVATEK” activities for the 1st quarter of 2026. This data is a preliminary estimate that may be refined after the preparation of statistical, financial, tax, and accounting reports. Thus, the actual results and indicators may differ significantly from the announced or forecasted results of activities for the 1st quarter of 2026.PJSC “NOVATEK” does not assume any obligation (and explicitly states the absence of any such obligation on its part) to update or change any statements regarding future results, whether as a consequence 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 following 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 areas of NOVATEK’s subsidiaries and affiliates are mainly located in the Yamalo-Nenets Autonomous Okrug, the largest region in the world for natural gas production, which accounts for about 80% of Russia’s gas production and approximately 15% of the world’s total gas production.”NOVATEK” is a public joint-stock company established in accordance with the legislation of the Russian Federation.
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