Shell sees lower integrated gas performance in 2024

Nearly a third of Shell's final quarter profit came from the $2.4bn (€2.2bn) it made in LNG trading as it captured strong demand ahead of winter

Shell, the world's largest oil and gas trader, said its LNG volumes are expected to be between 7.2 million and 7.6 million metric tons in the first three months of 2024

Shell said on Friday 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.