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

Greece’s Elpedison testing market interest for Thessaloniki FSRU

Elpedison, a power firm owned by Greece’s Hellenic Petroleum and Italy’s Edison, is inviting companies willing to secure capacities...

Dynagas takes delivery of new LNG carrier

Greek LNG shipping firm Dynagas has taken delivery of the 200,000-cbm LNG carrier, Clean Destiny, in South Korea. The firm...

Snam wraps up purchase of BW LNG’s FSRU

Italian energy firm Snam has completed the previously announced purchase of BW LNG’s 2015-built FSRU BW Singapore for about...

More News Like This

France’s Le Havre FSRU gets second LNG cargo

France’s first floating storage and regasification unit (FSRU) in Le Havre, operated by TotalEnergies, received its second LNG carrier. The...

NextDecade plans to take FID on fourth Rio Grande LNG train in H2 2024

US LNG firm NextDecade is planning to take a final investment decision to build the fourth liquefaction train at...

Nigeria LNG plans maintenance in February or March

Nigeria LNG plans to conduct regular maintenance at its giant Bonny Island liquefaction plant in February or March 2024. The...

Update: France’s Le Havre FSRU receives first LNG carrier

France’s first floating storage and regasification unit (FSRU) in Le Havre, operated by TotalEnergies, has on Monday received its...