#Latest news with #AustraliaWeatherTimes06-05-2025BusinessTimesShell's LNG production hit by cyclones in AustraliaShell produced less liquefied natural gas (LNG) than expected in the first quarter after bad weather and unplanned maintenance in Australia. Europe's biggest oil and gas group lowered its guidance for LNG output yesterday ahead of publishing its first quarter results on May 2. Shell now expects to report production of between 6.4 million and 6.8 million tons of LNG in the three months to the end of March, down from a previous forecast of 6.6 million to 7.2 million tons. That would also be a reduction from the 7.1 million tons it produced in the fourth quarter of last year. • Can Shell investors really be sure of Wael Sawan? Shell blamed the cut on a combination of cyclones and unplanned maintenance. It said
Times06-05-2025BusinessTimesShell's LNG production hit by cyclones in AustraliaShell produced less liquefied natural gas (LNG) than expected in the first quarter after bad weather and unplanned maintenance in Australia. Europe's biggest oil and gas group lowered its guidance for LNG output yesterday ahead of publishing its first quarter results on May 2. Shell now expects to report production of between 6.4 million and 6.8 million tons of LNG in the three months to the end of March, down from a previous forecast of 6.6 million to 7.2 million tons. That would also be a reduction from the 7.1 million tons it produced in the fourth quarter of last year. • Can Shell investors really be sure of Wael Sawan? Shell blamed the cut on a combination of cyclones and unplanned maintenance. It said
06-05-2025
