MOSCOW, April 9 (RIA Novosti) - Russian gas producer Novatek said on Wednesday its proven SEC-standard natural gas reserves had grown 0.3% year-on-year in 2007 to 653 billion cubic meters.
Russia's largest independent gas producer said its SEC-standard liquid hydrocarbon reserves totaled 4.678 billion barrels of oil equivalent in the reporting period, compared with 4.664 billion barrels a year earlier.
Established in 1994, Novatek handles prospecting, production and refining of gas and liquid hydrocarbons. Its gas fields are located in the Yamal-Nenets autonomous area, which has the world's largest natural gas reserves. The region accounts for over 90% of Russian natural gas output and around 20% of global gas production.
