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NOVATEK Reports Preliminary Operating Data for First Quarter 2013

      NOVATEK Reports Preliminary Operating Data for First Quarter 2013

PR Newswire

MOSCOW, April 10, 2013

MOSCOW, April 10, 2013 /PRNewswire/ --OAO NOVATEK ("NOVATEK" and/or the
"Company") reported today preliminary operating data for the first quarter
2013.

In the first quarter 2013, NOVATEK's gross production totaled 16.10 billion
cubic meters of natural gas and 1,185 thousand tons of liquids (gas condensate
and crude oil). Natural gas production increased by 1.44 billion cubic meters,
or by 9.8% as compared with the first quarter 2012, whereas liquids production
increased by 101 thousand tons, or by 9.3%.

In the first quarter 2013, NOVATEK processed 1,190 thousand tons of
de-ethanized gas condensate at the Purovsky Processing Plant, representing an
increase of 19.9% as compared with the first quarter 2012.

Preliminary stable gas condensate export volumes amounted to 1,167 thousand
tons in the first quarter 2013 as compared to 623 thousand tons in the
corresponding period of 2012. The significant increase is due to the growth in
de-ethanized gas condensate processing volumes and decrease in stable gas
condensate volumes in transit.

As at 31 March 2013, the Company had in transit or storage (recognized as
inventory) 54 million cubic meters of natural gas and 159 thousand tons of
stable gas condensate.

NOVATEK hydrocarbon production for the first quarters 2012 and 2013

Gross production 1Q2012 1Q2013 Change
Natural gas, bcm 14.66  16.10  9.8%
Liquids, mt      1,084  1,185  9.3%

Information provided in this press release presents expected results of OAO
NOVATEK operations in the first quarter 2013. 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 the first quarter 2013. NOVATEK assumes no obligation (and
expressly declares that it has no such obligation) to update or change any
declarations concerning any future results, either due to new information
obtained, and any future events or for any other reasons.

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".



SOURCE OAO NOVATEK

Website: http://novatek.ru/en/
 
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