CorporateEurope

Shell’s first-quarter LNG sales up

By Mirza Duran
Shell’s first-quarter LNG sales up
Shell’s first-quarter LNG sales up

The Hague-based LNG giant Shell reported a nine percent rise in its liquefied natural gas sales during the first quarter of this year.

Shell sold 19 million tonnes of LNG in the January-March period, compared to 17.51 million tonnes in the same period last year, the company said on Thursday in its quarterly financial report.

Shell’s LNG sales totaled 20.09 million tonnes in the fourth quarter of 2019.

Looking at liquefaction volumes, they rose 2 per cent year-on-year to 8.88 million tonnes but were lower compared to 9.21 million tonnes in the fourth quarter.

Shell said liquefaction volumes were expected to be in the 7.4 – 8.2 million tonnes range for the full year of 2020.

More than 90 percent of the term contracts for LNG sales are oil price linked with a price lag of typically 3 – 6 months, it said.

Shell’s Integrated Gas segment was hit by lower realised LNG, oil and gas prices.

Revenues for the gas segment dropped 17 percent to 2.1 billion, excluding charges of $331 million related to impairments, mainly in Brazil and the USA.

Most Popular

LNG Terminals

PetroChina delivers first LNG cargo to Gate under long-term capacity deal

PetroChina International, a unit of state-owned PetroChina, has delivered its first LNG cargo to the Dutch Gate LNG import terminal in Rotterdam, owned by Gasunie and Vopak, under a long-term capacity deal.
LNG Terminals

LNG Alliance plans new LNG export project in Mexico

LNG Alliance, developer of the Amigo LNG project in Mexico, plans to build a second project in Mexico called Bravo LNG.
Contracts and Tenders

Power LNG takes step forward with Pelican Island facility

The Port of Galveston has approved a lease and development agreement with Texas-based Power LNG for the latter's planned small-scale, modular liquefied natural gas (LNG) production, storage, and bunkering facility on Pelican Island.

More News Like This

LNG Terminals

Shell delivers first bio-LNG cargo to Singapore

A unit of UK-based LNG giant Shell has delivered what it says is Singapore's first ISCC EU-certified bio-LNG cargo at the Singapore LNG-operated terminal on Jurong Island.
Corporate

Shell: Q3 LNG trading results to be in line compared to previous quarter

UK-based LNG giant Shell expects trading and optimization results for its integrated gas business in the third quarter of 2026 to be in line compared with the previous quarter.
LNG Terminals

Peru LNG sent four shipments in September

Peru LNG’s liquefaction plant at Pampa Melchorita shipped five liquefied natural gas cargoes in September, the same as in the previous three months, according to shipment data by state-owned Perupetro.
LNG Terminals

Shell, partners take FID on LNG Canada Phase 2

UK-based LNG giant Shell and its LNG Canada partners have made a final investment decision on the project's second phase, which will double production capacity at the facility in Kitimat, British Columbia.