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

Cedar LNG FID pushed back

Canada’s Pembina Pipeline and the Haisla Nation have again postponed a final investment decision on their Cedar floating LNG...

Eni to ship Congo’s first LNG cargo

Italy’s Eni will soon ship the first liquefied natural gas cargo from its Tango floating LNG facility moored in...

Hyundai Samho to build LNG carrier quartet for $1.08 billion

South Korea's Hyundai Samho has secured an order to build four liquefied natural gas (LNG) carriers for about $1.08...

More News Like This

Update: Greece’s Alexandroupolis FSRU to receive first LNG cargo on Friday

Gastrade's FSRU-based LNG import terminal off Greece's Alexandroupolis will receive its first cargo of liquefied natural gas on Friday. "GasLog...

CEO: TotalEnergies hopes to resume Mozambique LNG construction by mid-2024

French energy giant TotalEnergies hopes to resume construction on its giant Mozambique LNG project by the middle of 2024,...

TotalEnergies reports lower LNG earnings, sales

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

K Line charters third LNG-powered LCO2 carrier from Northern Lights JV

Japan’s shipping giant K Line has entered into a charter contract with Norway’s Northern Lights, a joint venture consisting...