Novatek said in its preliminary report on Wednesday that the company’s natural gas sales reached 21.3 bcm in the first quarter.
This marks a 1 percent decrease compared with the first quarter of 2025, according to Novatek.
Novatek did not break down the first-quarter gas sales just to LNG.
The company’s natural gas sales reached 76.6 bcm in 2025, down 1.5 percent from 2024.
Novatek said its gas production of 22.04 bcm in the first quarter rose 3.1 percent year-on-year.
Hydrocarbon production, including 3.62 million tons (mmt) of liquid hydrocarbons (gas condensate and crude oil), totaled 174.7 million barrels of oil equivalent (mmboe).
This marks an increase in total hydrocarbons produced by 5.6 mmboe, or by 3.3 percent compared to the first quarter of 2025, Novatek said.
The Russian LNG exporter operates the 17.4 mtpa Yamal LNG plant in Sabetta and the Arctic LNG 2 export plant, which was the first to be hit by US and EU sanctions.
Novatek also operates the sanctioned 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.
Western sanctions have severely impacted Novatek’s efforts to ship volumes from its Arctic LNG projects.
The company recently formed a new unit to build vessels and floating facilities.
The new firm’s name is North Engineering (Severny Inzhiniring).
