Russia's Novatek Says 1Q Gas Output Down 8.8% YOY



Reuters

MOSCOW, April 10 (Reuters) - Russia's largest private natural gas producer Novatek said on Monday its natural gas output declined by 8.8 percent to 15.72 billion cubic meters in the first quarter of the year compared to the same period in 2016.

The company also said that production of liquids was down 7.5 percent and totalled 2.97 million tonnes in the first quarter year-on-year.

Novatek said earlier it expected to produce slightly less gas in 2017 compared to 2016

(Reporting by Olesya Astakhova; writing by Maria Tsvetkova)



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