Novatek Q3 Gas Sales Reported Lower; Size Unconfirmed
LNG Prime says Novatek's Q3 gas sales, LNG included, fell year on year. Novatek's own H1 data show a flat 2026 until then.
Novatek's third-quarter gas sales, including LNG, fell year on year, LNG Prime reports, but the size is unconfirmed. Novatek's own data show a flat first half at 39.4 bcm, down 0.3%. Until Novatek issues its Q3 release, the decline cannot be sized, and any read-across to Gulf exporters is unsupported.
The Gulf Barrel Desk · 2 min read- LNG Prime reports that Novatek's Q3 2026 gas sales, including LNG, were lower than in Q3 2025; the summary gives no volume, percentage or cause.
- Novatek's own preliminary data put first-half 2026 gas sales, including LNG, at 39.4 bcm, down 0.3% year on year.
- Q1 2026 was 21.3 bcm (down 1.0%) and Q2 was 18.1 bcm (up 0.4%), so the company was roughly flat before Q3.
- A search on 15 October 2026 found no Novatek Q3 operating release, so the decline is a secondary-source claim.
- This is analysis, not trading advice.
Novatek sold less natural gas, including LNG, in the third quarter than a year earlier, according to LNG Prime. The report's summary gives direction only, with no volume, percentage or cause, and no Novatek Q3 operating release was found when this piece was prepared. What can be checked is the baseline: Novatek's own releases show 2026 sales essentially flat through June, so the third-quarter move is measured against a stable first half.
The first-half baseline is flat
Novatek's preliminary operating data put second-quarter 2026 gas sales, including LNG, at 18.1 bcm, up 0.4% year on year, and first-half sales at 39.4 bcm, down 0.3%. Its first-quarter release put sales at 21.3 bcm, down 1.0%. Both quarters sat within one percentage point of 2025. The releases give a combined figure for gas and LNG and, in the passages reviewed, do not break LNG out separately, which limits what can be said about export flows.
What the Q3 report establishes
LNG Prime's report establishes one thing: that third-quarter gas sales, including LNG, came in below the same quarter of 2025. It does not establish how far below. After a first half within 1% of last year, a small fall and a large one would mean different things, and the available record cannot separate them. Until the company's own figures appear, the claim rests on a single trade-press summary and should be read as reported, not confirmed.
What would settle it
Novatek's third-quarter operating release is the primary document. Add its Q3 figure to the 39.4 bcm first-half total to get the nine-month position, and check whether LNG is separated from pipeline and domestic sales. Only then is it sensible to ask whether the move matters for LNG supply to Asia or for Gulf exporters competing there. Today there is no cargo or price evidence for that link. This is analysis, not trading advice.
- Did Novatek's gas sales fall in the third quarter of 2026?
- LNG Prime reports that they did, including LNG, versus Q3 2025. The size and cause are unconfirmed, and no Novatek Q3 release was found as of 15 October 2026.
- How were Novatek's gas sales before the third quarter?
- Roughly flat. Novatek reported 39.4 bcm for the first half of 2026, down 0.3% year on year, with Q2 at 18.1 bcm, up 0.4%.
- Does this change the Gulf LNG picture?
- Nothing in the available sources supports a Gulf read-across. Any link would need Novatek's Q3 volumes plus cargo and price data.