QatarEnergy, the leading liquefied natural gas supplier, signed a long-term supply agreement with a Singapore subsidiary of Japanese trading house Mitsui & Co for one of its other main products from natural gas production in the Arabian Gulf that is now expanding with the North Field LNG projects.
Shell plc, the leading LNG trader and oil and gas major, has issued a profits warnings saying that first-quarter 2022 results would include the post-tax impact of between $4 billion and $5 billion from impairments of non-current assets and additional charges relating to Russia activities.
Royal Dutch Shell posted a 17 percent increase in first-quarter sales volumes of liquefied natural gas from its global production assets located in countries such as Australia, Qatar, Nigeria and Peru as higher prices offset a rise in operating costs.