In Q2, Novatek increased production of gas by 2.6% and oil by 13.2%

In Q2, Novatek increased production of gas by 2.6% to 15.59 billion cubic m and oil and gas condensate by 13.2% to 1.356 million tons. In H1, gross production was 31.30 billion cubic m of gas (nearly unchanged) and 2.726 million tons of oil and gas condensate (+14.4%). The ratio of growth in gas production was influenced by withdrawal of the shareholding in Sibneftegaz. Not taking into account this factor, production increased by 9.9% versus H1 2013, and by 12.8% versus Q2 2013.

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