Novatek said in its preliminary report on Tuesday that the company’s natural gas sales reached 76.6 bcm in 2025.
This marks a decrease of 1.5 percent compared with 2024, according to Novatek.
Novatek did not break down the 2025 gas sales just to LNG.
The company’s natural gas sales reached 16.3 bcm in the third quarter and 39.5 bcm in the first half of last year.
Moreover, Novatek’s gas production increased 0.6 percent year-over-year to 84.57 bcm in 2025.
In 2025, Novatek’s hydrocarbon production totaled 673 million barrels of oil equivalent (mmboe), including 14.11 million tons (mmt) of liquid hydrocarbons (gas condensate and crude oil).
Novatek stated that this marks a 10.9 percent year-over-year increase.
As of December 31, 2025, Novatek had 1.2 bcm of natural gas, including LNG, and 1.5 mmt of stable gas condensate and petroleum products in storage or transit and recognized as inventory.
LNG projects
Novatek operates the 17.4 mtpa Yamal LNG plant in Sabetta.
It also operates the mid-scale LNG plant in Russia’s Baltic Sea port of Vysotsk with a capacity of more than 660,000 tons of LNG per year.
Last year, the US sanctioned Gazprom SPG Portovaya, the Russia-based operator of the Portovaya LNG terminal, and Cryogas Vyostsk, the Russia-based operator of the Cryogas Vysotsk LNG terminal.
In addition, Novatek operates the Arctic LNG-2 export plant, which was first hit by US and EU sanctions.
In August 2024, Novatek delivered the second gravity-based structure platform from its yard near Murmansk to the site of the Arctic LNG 2 project located on the Gydan peninsula.
The company completed the second GBS despite sanctions by the US and the EU related to the Arctic LNG 2 project and LNG carriers.
The first GBS left the Belokamenka yard in July 2024, and Novatek completed the installation on the underbase foundation on the seabed at the Utrenniy terminal in August.
The first and second GBS each have a capacity of about 6.6 mtpa.
According to several reports, Novatek started producing LNG at the second unit earlier this year.
Several reports also indicate that sanctioned vessels continue to load LNG at the Arctic LNG 2 plant.
Russian Zvezda yard recently delivered what it says is the first Russian-built ice-class liquefied natural gas (LNG) carrier.
The 172,600-cbm Aleksey Kosygin is the first ice-class Arc7 carrier in a series of vessels that will serve the Novatek-operated Arctic LNG 2 project.
