MOSCOW, July 29 (RIA Novosti) - Novatek [RTS: NVTK], Russia's largest independent natural gas producer, said on Tuesday its gas output grew 1.9% year-on-year in January-June to 15.19 billion cubic meters.
In 2007, Novatek produced 28.52 billion cubic meters of natural gas, or 0.7% less than in the previous year.
Established in 1994, Novatek handles the prospecting, production and refining of gas and liquid hydrocarbons. Its gas fields are located in the Yamal-Nenets autonomous area in West Siberia, which has the world's largest natural gas reserves. The region accounts for over 90% of Russian gas output and around 20% of global gas production.
