Oct 14 (LNGJ) - TotalEnergies said the performance of its LNG assets was expected to show a strong increase because of higher average LNG prices when its third-quarter earnings are published next week. “Performance of the gas, LNG and power trading activities is expected to remain high with our integrated portfolio able to capture opportunities in a volatile and dislocated environment,” said the Paris-based company in a pointer to its earnings.
TotalEnergies indicated that the average attained LNG price in the third quarter to the end of September 2022 was $21.51 per million British thermal units compared with $13.96 per MMBtu in the second quarter and $9.10 per MMBtu in third quarter of 2021. The company said upstream production was expected to be 70,000 barrels of oil equivalent per day lower than in the second quarter, mainly due to unplanned outages in the Kashagan oil field in Kazakhstan.
