LNG

Shell plc, the largest oil and gas company in Europe, posted adjusted third-quarter earnings of $9.45Bln, more than double the $4.13Bln income from the same quarter of 2021, though 18 percent down on the previous quarter, reflecting lower LNG trading and optimisation results as well as lower chemical and refining margins.

Shell’s earnings skyrocketed in the second quarter as more projects in Qatar, Australia and UK are set to boost liquefied natural gas and pipeline gas volumes while the company sold more than 15 million tonnes of LNG during the quarter at high prices.