LNG

PetroChina reported a slight rise in first-quarter 2019 net profits as oil and gas revenues increased and losses were narrowed from imported LNG and pipeline natural gas because domestic gas prices were higher than last year.

LNG Canada, the project in British Columbia led by Royal Dutch Shell, is still on track to move forward in the fourth quarter of 2018 as the nation’s energy sector struggles in the wake of the booming US energy business.

Royal Dutch Shell said first-year liquefied natural gas sales rose 15 percent to 36.55 million tonnes as its Integrated Gas division benefited from higher gas and LNG prices, while earnings were also helped by higher output at the Gorgon plant in Western Australia