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.

Most Popular

Venture Global charters LNG carrier duo

Venture Global has executed two short-term charters for additional LNG tankers. The vessels were delivered in August and September 2024,...

Hudong-Zhonghua launches two LNG tankers

Chinese shipbuilder Hudong-Zhonghua has launched two 174,000-cbm liquefied natural gas (LNG) carriers. According to a statement by Hudong-Zhonghua, the launching...

UAE’s Adnoc, Thailand’s Gulf ink LNG supply deal

State-owned Adnoc said on Monday that Adnoc Trading's LNG desk has recently signed a supply agreement with Thaliand's Gulf...

More News Like This

Greece’s Alexandroupolis FSRU receives new LNG shipment

The 2023-built 174,000-cbm, Maran Gas Marseille, which is on charter to France’s TotalEnergies, was on Tuesday morning local time located...

TotalEnergies wraps up acquisition of Malaysian gas producer

TotalEnergies said in a statement on Tuesday it had finalized the acquisition of the interests of OMV (50 percent)...

Northern Lights: first LNG-powered LCO2 carrier ready for delivery

The first Northern Lights JV’s LNG-powered liquefied CO2 carrier is ready for delivery in China. Northern Lights, the JV consisting...

Alexandroupolis FSRU gets new LNG cargo

The 2024-built 174,000-cbm, Maran Gas Antibes, which is on charter to France’s TotalEnergies, arrived at the 153,600-cbm FSRU, Alexandroupolis,...