Dec 20 (LNGJ) - Royal Dutch Shell updated its fourth-quarter 2019 outlook with estimates of the LNG and Integrated Gas Division output expected to be between 920 and 970 thousand barrels of oil equivalent per day. LNG liquefaction volumes are forecast to be between 8.8 million tonnes and 9.4MT. However, Shell’s quarterly LNG sales volumes will be larger as they also include traded cargoes and most recently rose by 9 percent to 18.9MT for the third quarter.
“As per previous disclosures, more than 80 percent of our term contracts for LNG sales were oil price-linked with a price-lag of typically 3-6 months,” said Shell. “The impacts presented here may vary from the actual results and are subject to finalisation of the fourth-quarter 2019 results which are scheduled to be released on January 30, 2020,” added the Anglo-Dutch company.
