Shell LNG sales up 28 pct
Shell said its equity sales of LNG of 6 million tonnes for the second quarter of 2014 were 28% higher than in the same quarter a year ago, mainly reflecting the contribution from the acquisition of Repsol’s LNG business and decreased feed gas disruptions in Nigeria.
The company sold 12.09 million tonnes of LNG in the first half of this year, up 23% compared to the same period a year ago.
Shell’s second quarter earnings were $5.1 billion compared with $2.4 billion for the same quarter a year ago. Earnings included an identified net charge of $1.0 billion after tax, mainly reflecting impairments which were partly offset by divestment gains.
Cash flow from operating activities for the second quarter 2014 was $8.6 billion, compared with $12.4 billion for the same quarter last year. Excluding working capital movements, cash flow from operating activities for the second quarter 2014 was $11.0 billion, compared with $8.4 billion for the second quarter 2013.