Second Quarter 2018 Operational and Financial Results

Summary Operational Highlights - 2Q18 ☐ Revenue was RR 196 bln representing an increase of 52.0% compared to 2Q17 ☐ Natural gas production (including our proportionate share in JVs) was 16.4 bcm, representing an increase of 4.2% compared to 2Q17 □ Liquids production (including our proportionate share in JVs) was 2.9 mmt, representing an increase of 0.3% compared to 2Q17 ☐ Natural gas sales volumes was 15.1 bcm, representing an increase of 5.3% compared to 2Q17 □ NOVATEK's share in LNG production was 773 mt 653 mmcm of LNG were sold on international markets NOVATEK 3

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