Russia's Novatek says Q2 gas output up 2.8% y/y
Published by Global Banking & Finance Review®
Posted on July 11, 2025
1 min readLast updated: January 23, 2026
Published by Global Banking & Finance Review®
Posted on July 11, 2025
1 min readLast updated: January 23, 2026
Novatek's Q2 gas output rose 2.8% y/y to 21.18 billion cubic metres, with crude oil and gas condensate output up 2.2%, highlighting growth in Russia's LNG sector.
MOSCOW (Reuters) -Russia's largest liquefied natural gas Novatek said on Friday its second-quarter natural gas output increased by 2.8% year on year to 21.18 billion cubic metres.
Crude oil and gas condensate output in the April - June quarter rose by 2.2% from the same period a year ago to 3.44 million metric tons, or around 277,450 barrels per day, the company said.
(Reporting by Vladimir SoldatkinEditing by Tomasz Janowski)
Natural gas is a fossil fuel composed mainly of methane, used as an energy source for heating, electricity generation, and as a fuel for vehicles.
Crude oil is a liquid fossil fuel that is extracted from the ground and refined into various products, including gasoline, diesel, and other petrochemicals.
Gas output refers to the total volume of natural gas produced by a company or country over a specific period, typically measured in cubic meters.
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