Natural Gas Sales

During 2016, we supplied natural gas to 35 regions of the Russian Federation and accounted for 20% of the total natural gas deliveries to the domestic market via the UGSS.

NOVATEK's 2016 natural gas sales volumes totalled 64.7 bcm, representing an increase of 3.6% as compared to 2015 sales volumes of 62.5 bcm.  The sales volumes growth was a result of restoring sales to one of our major customers who did not take full contracted volumes in 2015 due to technical reasons, as well as sales of additional natural gas volumes to our end-customers and wholesale traders. The proportional share of natural gas sales to end-customers remained practically unchanged compared to 2015 and amounted to 92.2% of our total natural gas sales mix.

Our revenues from natural gas sales totalled RR 229.7 billion, which is 3.4% higher as compared to 2015. The sales volumes growth was the main driver for the growth in natural gas revenues.

Domestic Gas Deliveries