LNG

Royal Dutch Shell, with one of the largest global LNG sales portfolios, has warned investors to expect post-tax charges of between $3.5 billion and $4.5 billion in relation to impairments, asset restructuring and onerous gas contracts in the fourth-quarter earnings in February 2021.

Royal Dutch Shell has revised its first-quarter earnings outlook for 2020 because of the oil market slump and expects to take a post-tax hit of between $400 million to $800 million after earlier exiting the US Lake Charles LNG project to reduce investment levels.