Shell gives cautious Integrated Gas earnings forecast and cites impacts of trading and LNG shutdowns
Royal Dutch Shell has given an update on its second-quarter outlook with the Integrated Gas division, including LNG, expected to have trading and optimisation results significantly below average and similar to the first quarter of 2021 because of unplanned maintenance at LNG plants.
US LNG export plants along Gulf Coast may consider shut-ins in future as volumes surge
With liquefied natural gas prices hitting historic Northern Hemisphere winter season lows in the Atlantic Basin and the Pacific Basin, it is likely in the year ahead that US exports in particular will be more price sensitive with the possibility of shut-ins along the Gulf Coast of Louisiana and Texas.
Australian Gorgon LNG completes maintenance and ramps up ahead of another in mid-2020
The Western Australian Gorgon LNG plant on Barrow Island is ramping up after a scheduled maintenance programme at a time when spot prices are at a low level, though steady oil prices are underpinning long-term contract values.
Australia outlines benefits of coordination of LNG plant maintenance and more energy hubs
Australia, whose LNG output will soon exceed 80 million tonnes per annum, is proposing other nations follow its initiative for industry-wide coordination of plant shut-downs and more sharing of infrastructure.
