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Investegate announcements from PAO Novatek, NOVATEK Announces IFRS Results for 2021

NOVATEK has reported 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), resulting in an increase in total hydrocarbons produced by 17.8 million boe, or by 2.9% as compared with the twelve months 2020.

Russia’s natural gas producer Novatek published its 2021 preliminary operating data showing that both production and sales of natural gas, including LNG, went up compared to 2020.

Investegate announcements from PAO Novatek, NOVATEK Announces IFRS Results for 3Q21

*** 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 approximatel...