Press Releases and Events
NOVATEK Reports Preliminary Operating Data for the First Quarter 2026
Moscow, 15 April 2026. PAO NOVATEK (“NOVATEK” and/or the “Company”) reported today preliminary operating data for the first quarter 2026.
In the first quarter 2026, hydrocarbon production totaled 174.7 million barrels of oil equivalent (mmboe), including 22.03 billion cubic meters (bcm) of natural gas and 3.62 million tons (mmt) of liquid hydrocarbons (gas condensate and crude oil), resulting in an increase in total hydrocarbons produced by 5.6 mmboe, or by 3.3% compared to the first quarter 2025.
Preliminary total natural gas sales volumes, including volumes of LNG sold, aggregated 21.3 bcm, resulting in a decrease of 1.0% as compared with the first quarter 2025.
The Company processed 3.4 mmt of unstable gas condensate, resulting in a decrease of 0.5% as compared with the corresponding volumes processed in the prior reporting period. NOVATEK further processed 2.0 mmt of stable gas condensate, which was 5.8% lower as compared with the first quarter 2025.
Preliminary total sales volumes of liquid hydrocarbons aggregated 4.2 mmt, which was 6.3% lower than in the first quarter 2025.
NOVATEK’s hydrocarbon production including share in the production of joint ventures
| 1Q 2026 | 1Q 2025 | Change | |
| Natural gas, bcm | 22.03 | 21.35 | 3.1% |
| Liquid hydrocarbons, mmt | 3.62 | 3.48 | 4.2% |
| Total hydrocarbons, mmboe | 174.7 | 169.1 | 3.3% |
| Total hydrocarbons, mmboe per day | 1.94 | 1.88 | 3.3% |
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Information provided in this press release represents expected results of PAO NOVATEK operations in the first quarter 2026. The information represents preliminary assessment only, which can be adjusted after statistical, financial, fiscal and business reporting becomes available. Therefore, the results and indicators actually achieved may significantly differ from any declared or forecasted results in the first quarter 2026. PAO NOVATEK assumes no obligation (and expressly declares that it has no such obligation) to update or change any declarations concerning any future results, due to new information obtained, any future events or for any other reasons.
PAO NOVATEK is one of the largest independent natural gas producers 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 Area, 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.