LNG

UK-based major Shell reported better-than-expected earnings to start 2024 despite lower prices and a decline in LNG sales as the natural gas, oil and chemicals trading units all  performed well.

Royal Dutch Shell has given an update on its second-quarter outlook with the Integrated Gas division, including LNG, expected to have trading and optimisation results significantly below average and similar to the first quarter of 2021 because of unplanned maintenance at LNG plants.