Novatek's LNG Ambitions Hindered by Geopolitical Tensions

Natural gas sales of Russian gas producer and LNG exporter Novatek dropped in the second quarter and first half of this year compared to the year-ago periods, the company said in a preliminary operations report on Monday.   Preliminary data on total natural gas sales volumes, including LNG volumes sold, fell by 2.6% year-on-year to 17.83 billion cubic meters (bcm) in the second quarter of 2024. First-half sales dropped by 3.3% and stood at 39.30 bcm, Novatek said in a press release.   However, the company’s oil…