Shell plc’s Integrated Gas trading arm, which includes global LNG, is expected to report “significantly higher” sequential results for the final three months of 2023 “due to seasonality and increased optimization opportunities.”

The London-based major on Monday provided an update of its projected fourth quarter results, with solid operations from the world’s No. 1 liquefied natural gas trader. Shell is scheduled to issue its quarterly results on Feb. 1.

Integrated Gas production is forecast to be 880,000-920,000 boe/d in 4Q2023. LNG liquefaction volumes are expected to be 6.9-7.3 million tons (Mt). Shell previously had estimated liquefaction volumes would be 6.7 Mt.

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