PAO NOVATEK increased its year-over-year hydrocarbon production by 2% in 2022. For the year, the company’s production totaled 638.9 MMboe, including 82.14 billion cu m (bcm) of natural gas and 11.9 million tons of liquids (gas condensate and crude oil), resulting in an increase of 12.6 MMboe compared with full year 2021.
Preliminary 2022 total natural gas sales volumes, including LNG, aggregated 76.55 bcm, representing an increase of 1.0% as compared with the corresponding volumes in 2021. The natural gas volumes sold in the Russian Federation were 68.09 bcm, representing an increase of 0.3% compared with the prior year period, whereas LNG volumes sold on international markets amounted to 8.45 bcm, representing an increase of 6.3%.
NOVATEK processed 13.2 million tons of unstable gas condensate at the Purovsky processing plant, representing an increase of 3.3% compared with the corresponding volumes processed in the prior reporting period. NOVATEK further processed 6.9 million tons of stable gas condensate at the Ust-Luga complex, about the same as in the previous year.
Preliminary 2022 petroleum product sales volumes aggregated 6.2 million tons, including 3.8 million tons of naphtha, 1.0 million tons of jet fuel, and 1.4 million tons of fuel oil and gasoil. NOVATEK sold 2.9 million tons of crude oil and 3.3 million tons of stable gas condensate.
As of Dec. 31, 2022, NOVATEK had 1.0 bcm of natural gas, including LNG, and 1.2 million tons of stable gas condensate and petroleum products in storage or transit and recognized as inventory.