In 2014, Novatek’s net profit may increase by 25-30% and exceed $3.25 billion

In the fourth quarter of 2013, Novatek produced 16.42 billion cubic meters of natural gas and 1 249 thousand tons of liquid hydrocarbons (gas condensate and oil). Thus, in the first 12 months of 2013 the total production made up 62.22 billion cubic meters of natural gas and 4 774 thousand tons of liquid hydrocarbons. In comparison with 2012, the production of natural gas grew by 4.90 billion cubic meters or by 8.5%, and the production of liquid hydrocarbons by 487 thousand tons or by 11.4%, the company reports.

In the fourth quarter and in 12 months of 2013, the processing of deethanized condensate at the Purov gas-processing plant made up 1 311 and 4 862 thousand tons respectively. The volume of the processing grew by 20.5% as compared with 2012.