Shell expects LNG output between 6.4 million and 6.8 million tons for Q1, down from a prior estimate of 6.6 million to 7.2 million tons. Q4 output was 7.1 million tons.Shell revised its LNG outlook due to cyclones and unplanned maintenance in Australia, though gas trading results are expected to match the previous quarter.
The company also expects a $100 million exploration write-off for the quarter, without providing further details.
Shell anticipates lower results in its marketing business for the quarter, mainly due to reduced contributions from its specialty products and services, including low-carbon energy solutions for aviation and marine sectors.
The company also revised its oil and gas output forecast for Q1 to 1.79-1.89 million barrels of oil equivalent per day, down from the previous range of 1.75-1.95 million boed.
