Shell’s LNG sales up 16 pct

Oil and gas giant Shell said its equity sales of LNG were at 5.68 million tonnes for the third quarter of 2014, 16% higher than in the same quarter a year ago.

LNG sales rose due to the contribution from the acquisition of Repsol’s LNG business, Shell said in its third quarter report on Thursday.

Shell’s third quarter earnings were $5.3 billion, compared with $4.2 billion for the same quarter in 2013.

Cash flow from operating activities for the third quarter was $12.8 billion, compared with $10.4 billion for the same quarter last year.

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LNG World News Staff; Image: Shell