Press Releases and Events
NOVATEK reports preliminary operating data for the fourth quarter and full year 2013
In 2013, NOVATEK processed 4,862 thousand tons of unstable de-ethanized gas condensate at the Purovsky Processing Plant, of which 1,311 thousand tons was processed in the fourth quarter. The volumes of liquids processed at the Purovsky Processing Plant increased by 20.5% in 2013 as compared with 2012.
Stable gas condensate export volumes amounted to 1,973 thousand tons in 2013 as compared with 2,822 thousand tons in 2012, whereas in the fourth quarter 2013 stable gas condensate was not exported due to the launch of two processing trains at the Gas Condensate Fractionation and Transshipment Complex (“Ust-Luga Complex”) located in the port of Ust-Luga during the second and fourth quarters 2013.
At 31 December 2013, NOVATEK had 3.26 bcm of natural gas and 409 thousand tons of stable gas condensate and its products in storage or transit and recognized as inventory.
Natural gas, bcm
Information provided in this press release presents expected results of OAO NOVATEK operations in 4Q and full year 2013. 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 2013. OAO NOVATEK assumes no obligation (and expressly declares that it has no such obligation) to update or change any declarations concerning any future results, both 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.