Novatek's 1Q Production, Gas Sales Rose
April 12 2021 - 4:01AM
Dow Jones News
By Jaime Llinares Taboada
Novatek on Monday reported that its production and gas sales
increased in the first quarter compared with the same period a year
earlier.
The Russian natural-gas company said hydrocarbons production
reached 1.76 million oil-equivalent barrels a day in January-March,
up from 1.65 million a year earlier.
In addition, gas sales volumes increased 3.6% to 21.43 billion
cubic meters. This was despite liquefied natural gas sales falling
24%, reflecting lower cargoes sold on the spot market.
Gas volumes sold in the Russian market increased 7.2% to 19.56
billion cubic meters.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
April 12, 2021 03:46 ET (07:46 GMT)
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