Novatek, the operator of Yamal LNG project, reported a third quarter natural gas production of 17,06 billion cubic meters, up by 1.86 bcm , or 12.2%, on the third quarter in 2014.
Besides natural gas, Novatek produced 2,346 thousand tons of liquids (gas condensate and crude oil), reporting an increase of 53.0% as compared with the third quarter 2014.
The company’s report revealed that in the nine months period ended 30 September 2015, marketable production totaled 50.10 bcm of natural gas and 6,535 thousand tons of liquids, resulting in an increase in natural gas production by 4.24 bcm, or by 9.2%, and an increase in liquids production by 2,260 thousand tons, or by 52.9% as compared with the corresponding marketable production in the nine months 2014.
In the third quarter and nine months 2015, Novatek processed 3,275 and 8,698 thousand tons, respectively, of unstable gas condensate at the Purovsky Processing Plant, representing an increase in processed volumes by 92.4% and 92.5%, as compared with the respective periods in 2014.
In the third quarter and nine months 2015, The company processed 1,606 and 5,046 thousand tons, respectively, of stable gas condensate at the Ust-Luga Fractionation and Transshipment Complex, which was 35.5% and 56.4% higher as compared with the respective periods in 2014.
As at 30 September 2015, Novatek had 2,660 million cubic meters of natural gas and 708 thousand tons of stable gas condensate and petroleum products in storage or transit and recognized as inventory.
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Image: Novatek