TotalEnergies says average Q2 LNG price up

TotalEnergies said its average price for equity LNG sales in the second quarter has reached $6.59/MMBtu, logging a rise when compared to the previous three-month period but also year-on-year.

The price rose about $0.51/MMBtu compared with the previous quarter, while it surged 50 percent when compared to the same period in 2020.

TotalEnergies reported an average LNG sales price of $4.40/MMBtu for the April-June period in 2020.

LNG volumes for the second quarter are not available yet as the Paris-based firm will release its quarterly results on July 29.

To remind, the company’s January-March LNG sales increased 1 percent to 9.9 million tonnes when compared to the same period in 2020 but they were slightly down from 10 million tonnes in the fourth quarter.

The firm said sales rose despite a 6 percent decrease in hydrocarbon production for LNG. The shutdown of Equinor’s Hammerfest LNG plant in Norway affected the production, according to Total.

TotalEnergies is currently the world’s second-largest private LNG operator, behind Shell. The firm plans to have a global portfolio of nearly 50 Mtpa by 2025 and a global market share of around 10 percent.

- Advertisements -

Most Popular

Chevron working to resume full Gorgon LNG production after ‘mechanical fault’

Chevron Australia, a unit of US energy giant Chevron, is working to resume full production from its Gorgon LNG...

Commissioning of India’s Chhara LNG terminal delayed

India’s Hindustan Petroleum, a unit of state-owned ONGC, has reportedly delayed the commissioning of its Chhara LNG import terminal...

Tellurian’s net loss widens in Q1, Driftwood LNG talks continue

US LNG firm Tellurian reported a widening first-quarter loss on Thursday, as it continues to work to secure financing...

More News Like This

TotalEnergies CEO: Mozambique LNG restart is not a matter of costs

French energy giant TotalEnergies had "good" discussions with Mozambique LNG contractors and they agreed not to inflate the costs...

TotalEnergies reports lower Q1 LNG earnings, sales

France’s TotalEnergies said on Friday that the company’s integrated LNG business logged a decline in its adjusted net operating...

Oman LNG delivered 173 cargoes last year, revenue reached $4.9 billion

State-owned Oman LNG delivered 173 cargoes of liquefied natural gas from its Qalhat complex in 2023, down by three...

Mitsui: no decision on Adnoc’s LNG project

Japan's trading house Mitsui & Co said nothing has been decided on an LNG project in the United Arab...