LNG

June 30 (LNGJ) - Royal Dutch Shell said in an update to the second quarter 2020 outlook for its Integrated Gas division that production is expected to be between 880 and 910 thousand barrels of oil equivalent per day and LNG liquefaction volumes are expected to be between 8.1 million tonnes and 8.5 million tonnes.

   “Trading and optimisation results are expected to be below average,” said Shell. “As previously communicated, more than 90 percent of our term contracts for LNG sales in 2019 were oil price linked with a price-lag of typically 3-6 months. Consequently, the impact of lower oil prices on LNG margins became more prominent from June onwards,” it added.