Novatek said in its preliminary report on Friday that the company’s natural gas sales reached 18 bcm in the second quarter.
This marks an increase of 1.1 percent as compared with the second quarter of 2024, according to Novatek.
Novatek did not break down the second-quarter gas sales just to LNG, as it had done in the previous seven quarterly reports.
The company’s natural gas sales reached 21.48 bcm in the first quarter.
During the first half of this year, Novatek’s gas sales rose 0.5 percent to 39.5 bcm.
The company’s gas production increased 2.8 percent year-over-year to 21.18 bcm in the second quarter, while first-half production rose 1.9 percent to 42.53 bcm.
In the second quarter of 2025, hydrocarbon totaled 167.6 million barrels of oil equivalent (mmboe), including 21.18 bcm of natural gas and 3.44 million tons (mmt) of liquid hydrocarbons (gas condensate and crude oil).
Novatek stated that this marks a 4.3 million boe increase, or a 2.6 percent year-over-year increase.
As of June 30, Novatek had 0.9 bcm of natural gas, including LNG, and 1.3 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.
Earlier this 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.
According to several unconfirmed reports, Novatek recently started producing LNG at the second unit.
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.
