Second Quarter 2018 Operational and Financial Results
Profit Attributable to NOVATEK Shareholders
(RR million)
66,992
ין
3,243
(32,595)
(1,987)
(3,340)
(3,651)
(6,034)
15,553
(1,935)
32,041
(972)
(3,233)
2Q17
Total revenues
Purchases of
natural gas and
liquid
hydrocarbons
Transport
Taxes other than Other operating Finance income
income tax
expenses
(expense)
Share of profit
(loss) of joint
ventures
Income tax Other operating Non-controlling
expense
income (loss)
interest
2Q18
Our purchases of unstable gas condensate from our joint ventures increased by 97.3% as compared to the corresponding period in
2017 due to an increase in purchase prices, which are impacted by international crude oil prices excluding export duties.
Our purchases of natural gas increased by 123.2% as compared to the corresponding period in 2017 mainly due to the commencement
of purchases of LNG produced at Yamal LNG for subsequent sale on international markets from December 2017 and an increase in
volumes of natural gas purchased from Arcticgas in order to fulfill our contractual sales obligations on the domestic market. In
addition, our purchases of natural gas increased due to an increase in purchase prices on the domestic market that are influenced by
the regulated natural gas prices.
Our proportionate share of loss of joint ventures decreased by 46.1% as compared the corresponding period in 2017 primarily due to
the production launch at the first LNG train at our joint venture Yamal LNG in the end of 2017, as well as an increase in revenues from
liquids and natural gas sales in our joint venture Arcticgas primarily as a result of higher average realized prices.
NOVATEK
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