Big swings in natural gas and electricity prices, along with the devastating impact from Hurricane Ida, will impact Royal Dutch Shell plc’s bottom line in the third quarter, the integrated major said Thursday.

Ida

In a preview of its quarterly results, the Anglo-Dutch producer said the Integrated Gas segment, which includes its substantial liquefied natural gas (LNG) portfolio, “is expected to be significantly impacted.”

While LNG volumes are forecast to be lower sequentially and year/year, the “trading and optimization results are expected to be higher compared to the second quarter 2021.” Shell did not provide any trading figures.

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LNG volumes are likely to be 7-7.5...