LNG

Shell plc, the largest oil and gas company in Europe, posted adjusted third-quarter earnings of $9.45Bln, more than double the $4.13Bln income from the same quarter of 2021, though 18 percent down on the previous quarter, reflecting lower LNG trading and optimisation results as well as lower chemical and refining margins.

Royal Dutch Shell reported a small decline in liquefied natural gas sales volumes to 35.4 million tonnes for the first half while earnings from the natural gas division dropped 25 percent on lower pricing amid the start-up of the Prelude FLNG facility offshore northwest Australia.