Market turmoil amid geopolitical standoffs and global inflation is forecast to result in “significantly lower” LNG trading results for the third quarter, Shell plc said Thursday.

In a snapshot of quarterly results, the supermajor outlined preliminary numbers, including for its Integrated Gas division, which includes liquefied natural gas trading. Price volatility and higher delivery costs to move gas around the world as Russia’s war with Ukraine continues pressured the bottom line for the world’s largest liquefied natural gas trader.

“Trading and optimization results for Integrated Gas are expected to be significantly lower compared to 2Q2022 as a result of seasonality and substantial differences between paper and physical realization in a volatile and dislocated...