LNG

Shell plc, the leading LNG trader and oil and gas major, has issued a profits warnings saying that first-quarter 2022 results would include the post-tax impact of between $4 billion and $5 billion from impairments of non-current assets and additional charges relating to Russia activities.

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.