LNG

Royal Dutch Shell swung back to a much reduced profit in the third quarter after heavy write-downs in the previous quarter, reflecting lower realised prices for oil and LNG as cargo sales declined 9 percent due to the Prelude FLNG hull being shutdown offshore northwest Australia.

Royal Dutch Shell posted its huge pre-flagged asset impairment loss in its earnings with the Integrated Gas division, including LNG, accounting for its own share of losses with write-downs on the Australian Queensland Curtis LNG plant and the offshore Prelude FLNG hull.