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shell-quarterly-earnings-down-as-lng-sales-drop
LNG Hazira on the west coast of India
shell-quarterly-earnings-down-as-lng-sales-drop
LNG Hazira on the west coast of India

Shell quarterly earnings down as LNG sales drop

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Shell recorded a drop in second quarter adjusted earnings to $6.3bn, down from $7.7bn in the first quarter.

In its Integrated Gas division, LNG liquefaction volumes dropped from 7.6MT to 6.9MT and sales volumes fell from 16.9MT to 16.4MT, as a result of lower prices and trading.

While renewable power generation capacity rose from 6.7 Gigawatts (GW) to 7.1GW, sales of pipeline gas to end use customers decreased from 190Twh in the first quarter to 148Twh in the second. Shell generated $13.5bn cashflow from operations.

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