LNG

UK energy major, Shell has trimmed its integrated gas production first quarter outlook, reflecting the impact of the Middle East conflict on Qatari volumes.
Trading results its chemicals and products business, which includes Shell's oil trading desk, are expected to be "significantly higher" than in the previous quarter, similar to adjusted earnings in its marketing arm, Shell said in a quarterly trading update.
Shell's first-quarter integrated gas production was expected to be about 880,000 to 920,000 barrels of oil equivalent per day, the company said. It previously expected 920,000 to 980,000 barrels. In 4Q25, it produced 948,000 barrels per day equiva;ent
The 1Q26 LNG production was expected to be about 7.6 mill to 8 mill tonnes, the company said, adding this reflected the ramp-up of LNG Canada but was offset by weather constraints in Australia and Qatar LNG outages.
It previously forecast 7.4 mill to 8 mill tonnes. In the fourth quarter of 2025, it liquefied 7.8 mill tonnes.