OAO NOVATEK reported preliminary production results for the twelve months ended December 31, 2016. For the twelve months 2016, the company ‘s marketable hydrocarbons production totaled 537.9 million barrels of oil equivalent (boe), including 66.1 billion cubic meters (bcm) of natural gas and 12,441,000 tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons production by 16.3 million boe, or by 3.1%, a decrease in natural gas production by 1.8 bcm, or by 2.7%, and an increase in combined liquids production by 3,347,000 tons, or by 36.8% as compared with the twelve months ended 2015.