NOVATEK has reported preliminary operating data for the first quarter 2026.

In the first quarter 2026, hydrocarbon production totaled 174.7 million barrels of oil equivalent (mmboe), including 22.03 billion cubic meters (bcm) of natural gas and 3.62 million tons (mmt) of liquid hydrocarbons (gas condensate and crude oil), resulting in an increase in total hydrocarbons produced by 5.6 mmboe, or by 3.3% compared to the first quarter 2025.

Preliminary total natural gas sales volumes, including volumes of LNG sold, aggregated 21.3 bcm, resulting in a decrease of 1.0% as compared with the first quarter 2025.

The Company processed 3.4 mmt of unstable gas condensate, resulting in a decrease of 0.5% as compared with the corresponding volumes processed in the prior reporting period. NOVATEK further processed 2.0 mmt of stable gas condensate, which was 5.8% lower as compared with the first quarter 2025.

Preliminary total sales volumes of liquid hydrocarbons aggregated 4.2 mmt, which was 6.3% lower than in the first quarter 2025.

KeyFacts Energy: NOVATEK Russia country profile