PAO Novatek has reported that, in the third quarter of 2017, its total revenue amounted to RR 130.7bn. Normalized earnings (EBITDA), including its share in EBITDA of joint ventures, totalled RR 59.3bn, representing increases of 3.3% and 2.7%, respectively, as compared to the corresponding period in 2016. In the nine months of 2017, total revenue amounted to RR 414.2bn and Normalized EBITDA, including its share in EBITDA of joint ventures, totalled RR 183.5bn, representing increases of 5.3% and 2.3%, respectively. The Company said the increases in total revenue and Normalized EBITDA in both periods were largely due to an increase in liquids and natural gas sales prices.
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