Baku, Azerbaijan, Oct.1
By Leman Zeynalova – Trend:
Production by Royal Dutch Shell is expected to be between 930,000 and 960,000 barrels of oil equivalent per day in Integrated Gas in the third quarter of 2019, Trend reports citing the company.
This is while the liquefied natural gas (LNG) liquefaction volumes are expected to be between 9.00 and 9.30 million tons, according to the company’s estimates.
“For the third quarter, we expect to deliver strong trading and optimization performance. Note that more than 80 percent of our term contracts for LNG sales in 2018 were oil price linked with a price-lag of typically 3-6 months, as per previous disclosures. As in previous quarters, CFFO in Integrated Gas can be impacted by margining resulting from movements in the forward commodity curves,” said Shell.
Shell is an international energy company that aims to meet the world’s growing need for more and cleaner energy solutions in ways that are economically, environmentally and socially responsible.
Shell is a global group of energy and petrochemical companies.
Its operations are divided into our businesses: Upstream, Integrated Gas and New Energies, Downstream.
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