LNG

Oct 30 (LNGJ) - BP said natural gas, LNG and liquids contract sales jumped to $5.76 billion in the third quarter compared with $4.10Bln in the same three months a year ago. The UK major’s overall replacement cost profit before interest and tax for the third quarter and nine months was $3.47Bln and $10.16Bln respectively, compared with $1.24Bln and $3.2Bln for the same periods in 2017. “Our focus on safe and reliable operations and delivering our strategy is driving strong earnings and growing cash flow,” said Chief Executive Bon Dudley. “ Operations are running well across BP and we’re bringing new, higher-margin barrels into production faster through efficient project execution,” he added. “We have made very good progress with our acquisition from BHP (US shale assets) and expect to complete the transaction tomorrow (Oct 31). This will transform our position in the US Lower 48 and we expect it to create significant value for BP,” stated Dudley.