Novatek, Russia’s largest independent natural gas producer, increased output by 2.7% year-on-year in the first half of 2026, reaching 43.68 billion cubic meters (bcm).
The company reported that second-quarter production rose 2.2% to 21.65 bcm, signaling sustained operational momentum despite broader sector headwinds.
According to the International Energy Agency’s latest Gas Market Report, Russia raised its liquefied natural gas (LNG) exports by 8% in the first half of 2026, adding 2 bcm to total shipments.
The production increase aligns with wider trends in Russian energy exports.
According to the International Energy Agency’s latest Gas Market Report, Russia raised its liquefied natural gas (LNG) exports by 8% in the first half of 2026, adding 2 bcm to total shipments.
This export expansion suggests that Novatek’s output gains are being directed toward international markets, particularly as European demand remains a key focus for Russian suppliers.
However, the positive corporate data contrasts with the IEA’s revised outlook for Russian gas production.