LNG

Shell Plc, Europe’s largest energy company, has issued a first-quarter 2023 earnings forecast update with higher natural gas production and “higher uptime” at the Queensland Curtis LNG and Prelude FLNG plants in Australia.

Royal Dutch Shell reported overall third-quarter profits down 25 percent from the previous quarter as the natural gas division posted a loss blamed on accounting provisions for hedging while liquefied natural gas sales for the year to date plunged 13 percent.