OREANDA-NEWS. October 19, 2012. NOVATEK (“NOVATEK” and/or the “Company”) reported preliminary production data for the third quarter and nine months 2012.

In the third quarter 2012, NOVATEK’s gross production (including share in production by affiliates) totaled 13.32 billion cubic meters (bcm) of natural gas and 996 thousand tons of liquids (gas condensate and crude oil). As a result, the Company’s gross production for the nine months ended 30 September 2012 amounted to 42.02 bcm of natural gas and 3.125 million tons of liquids. Natural gas production increased by 3.01 bcm, or by 7.7% as compared with the nine months 2011, whereas liquids production increased by 64 thousand tons, or by 2.1%.

In the third quarter and nine months 2012, NOVATEK processed 925 and 2,899 thousand tons, respectively, of unstable gas condensate at the Purovsky Gas Condensate Processing Plant.

Preliminary stable gas condensate export volumes amounted to 723 thousand tons in the third quarter 2012 as compared to 657 thousand tons in the corresponding period of 2011, and as at 30 September 2012, NOVATEK had in transit or storage (recognized as inventory) 268 thousand tons of stable gas condensate and 1,310 million cubic meters of natural gas, of which 1,309 million cubic meters held in the underground storage facilities.

NOVATEK’s hydrocarbon production

3Q2011

3Q2012

YoY%

Gross production

9M2011

9M2012

YoY%

13.45

13.32

(0.96%)

Natural gas, bcm

39.01

42.02

7.7%

998

996

(0.2%)

Liquids, mt

3,061

3,125

2.1%

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”.