Shell reduces Q1 LNG production forecast due to weather and maintenance problems.

From Yahoo Finance: 2025-04-08 10:12:00

Shell has revised its Q1 LNG production outlook, expecting 6.4-6.8mt due to adverse weather and maintenance, down from 6.6-7.2mt. Despite challenges, gas division trading results remain consistent, with higher non-cash impact from expiring hedge contracts. Integrated gas division production outlook adjusted to 910,000-950,000 boepd. Lower contribution expected from specialty products in marketing business. Upstream oil and gas output forecast narrowed to 1.79-1.89mboe/d. Shell finalized acquisition of Pavilion Energy, enhancing LNG market position with annual supply volume of 6.5mt. Shell Brasil reached final investment decision on Gato do Mato project in Brazil’s pre-salt Santos Basin.



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