PAO Novatek produced 154.9 MMboe in third-quarter 2023, including 19.76 billion cu m (bcm) of natural gas and 3.00 million tons of liquids (gas condensate and crude oil), a reduction of 700,000 boe, or 0.4%, compared with third-quarter 2022, the operator said in a preliminary quarterly update Oct. 12.
In third-quarter 2023, preliminary total natural gas sales volumes, including volumes of LNG sold, aggregated 16.87 bcm, representing an increase of 4.2% compared with the corresponding volumes in third-quarter 2022. Natural gas volumes sold in the Russian Federation were 14.79 bcm, an increase of 3.7% compared with the prior year period, whereas LNG volumes sold on international markets amounted to 2.09 bcm, an increase of 7.6%.
In the third quarter and first 9 months of 2023, Novatek processed 3.3 million tons and 10.0 million tons, respectively, of unstable gas condensate at the Purovsky processing plant, an increase in processed volumes of 1.1% and 2.9%, compared with the corresponding periods in 2022.
In the third quarter and first 9 months of 2023, the company processed 1.7 million tons and 5.2 million tons, respectively, of stable gas condensate at the Ust-Luga complex, 0.6% higher than the corresponding periods in 2022.
According to preliminary third-quarter 2023 data, Ust-Luga complex product sales volumes aggregated 1.8 million tons, including 1.2 million tons of naphtha, 300,000 tons of jet fuel, and 300,000 tons of fuel oil and gasoil. Novatek sold 600,000 tons of crude oil and 900,000 tons of stable gas condensate.
As of Sept. 30, 2023, Novatek had 1.5 bcm of natural gas, including LNG, and 1.3 million tons of stable gas condensate and petroleum products in storage or transit and recognized as inventory.