Shell Sees Significantly Lower Q1 LNG Trading Results

Shell has said that it expects significantly lower results from its liquefied natural gas trading business in the first quarter of 2024 compared with the previous three months.

In an update ahead of quarterly results on May 2, Shell also said its oil trading results are expected to be significantly higher than the last quarter of 2023.

Shell, the world’s largest oil and gas trader, said its LNG volumes are expected between 7.2 million and 7.6 million metric tons in the first three months of 2024, compared with 7.1 million tons in the previous quarter.