LNG

UK major BP posted solid results as its LNG portfolio increased to 23 million tonnes per annum and fourth-quarter results reflected stronger natural gas marketing and trading activities as well as higher oil prices.

UK major BP reported a loss for the third quarter of $2.5 billion, explained as the accounting effects of liquefied natural gas risk management, compared with a $3.1Bln profit for the previous 2021 quarter and $450M of losses posted in the same three months of 2020.