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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 read

· Last updated: January 23, 2026

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Russia's Novatek says Q2 gas output up 2.8% y/y
oil and gas Financial performance
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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

Russia's Novatek says Q2 gas output up 2.8% y/y

Novatek's Quarterly Performance Overview

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.

Gas Output Statistics

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.

Crude Oil and Gas Condensate Production

(Reporting by Vladimir SoldatkinEditing by Tomasz Janowski)

Key Takeaways

  • Novatek's Q2 gas output increased by 2.8% year-on-year.
  • Total gas production reached 21.18 billion cubic metres.
  • Crude oil and gas condensate output rose by 2.2%.
  • The increase highlights growth in Russia's LNG sector.
  • Novatek remains a key player in global energy markets.

Frequently Asked Questions

What is natural gas?
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.
What is crude oil?
Crude oil is a liquid fossil fuel that is extracted from the ground and refined into various products, including gasoline, diesel, and other petrochemicals.
What is gas output?
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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