Lloyds List: LNG lifts Shell earnings by 29%
Martyn Wingrove
Apr 29, 2005
RECORD sales of liquefied natural gas and higher output from three LNG projects helped boost Royal Dutch/Shell’s earnings by 29% to $5.5bn in the first quarter.
The Anglo-Dutch oil supermajor had a 15% rise in LNG sales volumes to 2.88m tonnes in January-March as it raised output from projects in Australia, Malaysia and Nigeria.
‘We continued to build our leading position in LNG in the first quarter with LNG sales growth of 15% to a record level,’ said Royal Dutch’Shell’s chief executive, Jeroen van der Veer.