LNG

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.

Tanzania said it expected to join the group of liquefied natural gas exporters by 2023 in a project involving companies such as Norwegian oil and gas player Equinor and Singapore-based Pavilion Energy as well as two oil majors.