NVTK: OAO Novatek: NOVATEK reports preliminary operating data for fourth quarter and full year 2012

  NVTK: OAO Novatek: NOVATEK reports preliminary operating data for fourth
  quarter and full year 2012

UK Regulatory Announcement



Moscow, 10 January 2013. OAO NOVATEK (“NOVATEK” and/or the “Company”) reported
today preliminary operating data for the fourth quarter and full year 2012.

In the fourth quarter 2012, NOVATEK’s gross production (including share in
production by affiliates) totaled 15.30 billion cubic meters of natural gas
and 1,162 thousand tons of liquids (gas condensate and crude oil). As a
result, the Company’s gross production for 2012 amounted to 57.32 billion
cubic meters of natural gas and 4,287 thousand tons of liquids. Natural gas
production increased by 3.78 billion cubic meters, or by 7.1% as compared with
2011, whereas liquids production increased by 163 thousand tons, or by 4.0%.

In 2012, NOVATEK processed 4,034 thousand tons of unstable de-ethanized gas
condensate at the Purovsky Processing Plant, of which 1,135 thousand tons was
processed in the fourth quarter.

Preliminary stable gas condensate export volumes amounted to 2,822 thousand
tons in 2012 as compared to 2,981 thousand tons in 2011. As at 31 December
2012, NOVATEK had in transit or storage (recognized as inventory) 461 thousand
tons of stable gas condensate compared to 228 thousand tons as at 31 December
2011 largely due to increased hydrocarbon shipments to the Asian Pacific

The Company also had 1,099 million cubic meters of natural gas recognized as
inventory as at 31 December 2012, of which 1,096 million cubic meters was held
in the underground storage facilities.

                       NOVATEK’s hydrocarbon production

2011   2012   YoY%  Gross production  4Q2011  4Q2012  QoQ%
53.54   57.32   7.1%   Natural gas, bcm   14.53    15.30    5.3%
4,124   4,287   4.0%   Liquids, mt        1,063    1,162    9.3%


Information provided in this press release presents expected results of OAO
NOVATEK operations in 2012. The information represents preliminary assessment
only, which can be adjusted after statistical, financial, fiscal and business
reporting becomes available. The information on NOVATEK’s operational results
in this press release depends on many external factors and therefore, provided
all permanent obligations imposed by the London Stock Exchange listing rules
are unconditionally observed, cannot qualify for accuracy and completeness and
should not be regarded as an invitation for investment. Therefore, the results
and indicators actually achieved may significantly differ from any declared or
forecasted operational results in 2012. OAO NOVATEK assumes no obligation (and
expressly declares that it has no such obligation) to update or change any
declarations concerning any future results, both due to new information
obtained, any future events or for any other reasons.


For further information, please visit www.novatek.ru or contact:

Press Service        Investor Relations
+7 (495) 721 2207       +7 (495) 730 6013
press@novatek.ru        ir@novatek.ru


OAO NOVATEK is Russia’s largest independent gas producer and the
second-largest natural gas producer in Russia. Founded in 1994, the Company is
engaged in the exploration, production, processing and marketing of natural
gas and liquid hydrocarbons. The Company’s upstream activities are
concentrated in the prolific Yamal-Nenets Autonomous Region, which is the
world’s largest natural gas producing area and accounts for approximately 84%
of Russia’s natural gas production and approximately 17% of the world’s gas
production. NOVATEK is an open joint stock company established under the laws
of the Russian Federation. The Company’s shares are listed in Russia on
MICEX-RTS Stock Exchange and the London Stock Exchange (LSE) under the ticker
symbol “NVTK”.


OAO Novatek
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