LNG

Shell has reported adjusted earnings of $10.8 billion for Q2-2026, more than double the $3.6 billion posted a year earlier, as surging LNG and oil trading profits offset a sharp production decline caused by conflict-related disruptions in Qatar.

Shell has raised its second-quarter guidance for integrated gas production and LNG liquefaction volumes, while flagging stronger trading performance, as heightened market volatility linked to Middle East tensions supports earnings.

Abu Dhabi National Oil Company (ADNOC) has launched a consolidated LNG marketing, sales and trading platform, targeting 47 mtpa of marketable LNG by 2035, including future volumes from the Ruwais LNG project.

Italian oil and gas major Eni and the Swiss-based commodity trading house Mercuria have agreed to form a joint venture to oversee trading activities of oil, LNG, LPG and associated logistics and infrastructure rights. Operations are due to begin in 2027.

Japan’s JERA has launched a vertically integrated unit – JERA Global Energy Solutions – to consolidate and optimise its LNG portfolio across upstream, LNG, lower-carbon fuels, and shipping. The new entity will work closely with JERA’s LNG trading platform JERA Global Market to coordinate physical supply with trading strategies.

Japan’s resale of US LNG to other countries in Asia – notably South Korea, China and India – has generated emissions equivalent to roughly 17 coal plants a single year, Zero Carbon Analytics’ (ZCA) latest report finds.

Danish energy trader InCommodites, backed by Goldman Sachs, is preparing to make a foray into physical gas markets in the United States and Canada, venturing beyond its core European power and gas trading business. The Aarhus-headquartered company reported a sharp drop in 2025 net profit to €2.95 million, down from nearly €73 million a year earlier, citing tighter trading margins and increased upfront investment in building out trading desks in the US and Asia.

Gas prices at the Dutch TTF, Europe’s benchmark gas trading hub, could average €90-100 per Megawatt-hour (MWh) if the shut-in of Ras Laffan and suspension of Qatari LNG shipment continues for the next three months, an analysts’ poll finds.

Oslo-listed LNG shipowner Awilco launched a subsidiary ALNG Trading backed by a NOK 251.3 million ($26 million) private placement for shareholders and new investors, including a US partner.

Intercontinental Exchange (IEC) is preparing to extend trading hours for European gas and power futures to match the 22-hour cycles of US and Asian markets. The move enables seamless LNG cross-basin trade and hedging between TTF, Henry Hub, and JKM benchmarks in aligned hours and US$ pricing.