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NOVATEK reports preliminary operating data for the first quarter 2008

Moscow, 9 April, 2008. OAO NOVATEK today reported preliminary production data for the first quarter 2008.

Gross production for the first quarter totaled 7.69 billion cubic meters of natural gas and 637 thousand tons of liquids (gas condensate and crude oil). Gross natural gas production increased by 75 million cubic meters, or by 1%, and gross liquids production increased by 18 thousand tons, or by 3%, as compared with the corresponding gross production in the first quarter 2007.

In the first quarter 2008, NOVATEK processed 551 thousand tons of unstable gas condensate at the Purovsky Gas Condensate Processing Plant (Purovsky Plant).

NOVATEK hydrocarbon production for the first quarters 2007 and 2008

Gross production
1Q2007
1Q2008
QoQ%
Natural gas, bcm
7.61
7.69
1%
Liquids, mt
619
637
3%

PAO NOVATEK is the largest independent natural gas producer in Russia, and in 2017, entered the global LNG market by successfully launching the Yamal LNG project. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. Upstream activities of the Company’s subsidiaries and joint ventures are concentrated mainly in the prolific Yamal-Nenets Autonomous Region, which is the world’s largest natural gas producing area and accounts for approximately 80% of Russia’s natural gas production and approximately 15% of the world’s gas production. NOVATEK is a public joint stock company established under the laws of the Russian Federation.