Finance
Shell lowers first-quarter LNG production outlook
Published by Global Banking & Finance Review®
Posted on April 7, 2025
2 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on April 7, 2025
2 min readLast updated: January 24, 2026
Shell revises its Q1 LNG production forecast to 6.4-6.8 million tons due to adverse weather in Australia. The company expects trading results to align with the previous quarter.
LONDON (Reuters) - Shell lowered its first-quarter liquefied natural gas (LNG) production outlook in a trading update on Monday, citing the impact of bad weather in Australia, before it publishes results on May 2.
The British company guided for LNG output to reach between 6.4 million and 6.8 million metric tons, down from a previous forecast of 6.6 million to 7.2 million tons. It produced 7.1 million tons of LNG in the fourth quarter of last year.
The downward revision was because of cyclones and unplanned maintenance in Australia, the company said, adding that its gas division trading results are expected to be in line with the previous quarter.
Shell said in February that it had to postpone some loading from its Prelude floating LNG facility in Western Australia because of challenging weather conditions.
Shell also said it expects to book a $100 million exploration write-off in the quarter. A spokesperson declined to give more detail.
In its marketing business, Shell expects results in the quarter to be dented by a lower contribution from its speciality products and services business, which includes low-carbon energy solutions for the aviation and marine industries among others.
The company also narrowed its overall oil and gas output forecast to between 1.79 million and 1.89 million barrels of oil equivalent per day (boed) in the first quarter, down from a previous projection of 1.75 million to 1.95 million boed.
(Reporting by Shadia Nasralla; Editing by David Goodman)
The main topic is Shell's revised LNG production forecast for the first quarter due to weather impacts in Australia.
Shell lowered its LNG production outlook due to cyclones and unplanned maintenance in Australia.
Shell expects a $100 million exploration write-off and a lower contribution from its speciality products and services business.
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