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NOVATEK Reports Preliminary Operating Data for 2021

Moscow, 13 January 2022. PAO NOVATEK (“NOVATEK” and/or the “Company”) reported today preliminary operating data for the twelve months ended 31 December 2021.

In 2021, NOVATEK’s hydrocarbon production totaled 626.0 million barrels of oil equivalent (boe), including 79.89 billion cubic meters (bcm) of natural gas and 12.3 million tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons produced by 17.8 million boe, or by 2.9% as compared with the twelve months 2020.

Preliminary 2021 total natural gas sales volumes, including volumes of LNG sold, aggregated 75.81 bcm, representing an increase of 0.3% as compared with the corresponding volumes in 2020. The natural gas volumes sold in the Russian Federation were 67.87 bcm, representing an increase of 1.8% as compared with the prior year period, whereas LNG volumes sold on international markets amounted to 7.94 bcm, representing a decline of 11.1%. The decrease attributable to volumes sold on international markets was mainly due to the increase in Yamal LNG direct sales under long-term contracts and a corresponding decrease in Yamal LNG shareholders’ share, including NOVATEK’s share, of LNG volumes sold on the spot market.

The Company processed 12.8 million tons of unstable gas condensate at the Purovsky Processing Plant, representing an increase of 8.8% as compared with the corresponding volumes processed in the prior reporting period. NOVATEK further processed 7.0 million tons of stable gas condensate at the Ust-Luga Complex, representing a slight decrease of 0.7% in volumes processed at the facility in 2021.

Preliminary 2021 petroleum product sales volumes aggregated 6,785 thousand tons, including 4,398 thousand tons of naphtha, 1,039 thousand tons of jet fuel, and 1,347 thousand tons of fuel oil and gasoil. NOVATEK sold 3,909 thousand tons of crude oil and 2,341 thousand tons of stable gas condensate.

At the 31 December 2021, NOVATEK had 0.9 bcm of natural gas, including LNG, and 660 thousand tons of stable gas condensate and petroleum products in storage or transit and recognized as inventory.

NOVATEK’s hydrocarbon production including share in production of joint ventures
Change, %
Natural gas, bcm
Liquids, thousand tons
Total hydrocarbons, mln boe
Total hydrocarbons, mln boe per day
Natural Gas Sales Volumes, bcm
Change, %
Total natural gas sales volumes
Sold in the Russian Federation
Sold on international markets


Information provided in this press release presents expected results of PAO NOVATEK operations in 2021. The information represents preliminary assessment only, which can be adjusted after statistical, financial, fiscal and business reporting becomes available. The information on NOVATEK’s operational results in this press release depends on many external factors and therefore, provided all permanent obligations imposed by the London Stock Exchange listing rules are unconditionally observed, cannot qualify for accuracy and completeness and should not be regarded as an invitation for investment. Therefore, the results and indicators actually achieved may significantly differ from any declared or forecasted operational results in 2021. 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 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.