TotalEnergies: average Q2 LNG price climbs

French energy giant TotalEnergies reported a rise in its average price for equity liquefied natural gas (LNG) sales in the second quarter.

TotalEnergies said on Friday the average LNG price reached $13.96/MMBtu in the April-June period, logging a rise when compared to the previous three-month period but also year-on-year.

The price rose about $0.36/MMBtu compared with the previous quarter, while it surged 111.8 percent when compared to the same period in 2021.

TotalEnergies reported an average LNG sales price of $6.59/MMBtu for the second quarter in 2021.

LNG volumes for the second quarter are not available yet as the Paris-based firm will release its quarterly results on July 28.

“Performance of the gas, LNG and power trading activities is expected to remain high, but without replicating the exceptional contribution of the first quarter of 2022,” TotalEnergies said.

The company’s integrated gas, renewables and power segment reported adjusted net operating income of $3.1 billion in the first quarter, up 11 percent over the previous quarter, and cash flow of $2.6 billion in the first quarter of 2022.

Also, TotalEnergies’ LNG sales increased 34 percent to 13.3 million tonnes in the first quarter when compared to the same period last year. Sales also rose from 11.6 million tonnes in the fourth quarter.

- Advertisements -

Most Popular

Golar buys vessel for third FLNG project

Golar LNG has exercised its option to acquire the 148,000-cbm Moss-type carrier, Fuji LNG, which it aims to convert...

Australia’s Woodside investigating Pluto LNG incident

Australian LNG player Woodside has launched an investigation following an incident that took place on Friday at its Pluto...

Gas leak shuts Equinor’s Hammerfest LNG terminal

Norway's Equinor has closed its 4.3 mtpa Hammerfest LNG export plant due to a gas leak. "I can confirm that...

More News Like This

TotalEnergies renews license for Nigerian offshore block

France's TotalEnergies, one of the world's largest LNG players, has renewed its production license for the OML130 block located...

TotalEnergies in new biogas move

France's TotalEnergies, one of the world's largest LNG players, is boosting its biogas business with the purchase of a...

TotalEnergies releases Mozambique LNG report

French energy giant TotalEnergies on Tuesday released a report regarding the humanitarian situation in the province of Cabo Delgado,...

Hafnia, CSSC Shipping name second LNG-fueled tanker in China

China’s Guangzhou Shipyard International (GSI) hosted a naming ceremony for the second LNG-powered LR2 tanker it built for a...