Shell trimmed its liquefied natural gas production outlook for the fourth quarter on Wednesday and said oil and gas trading results are expected to be significantly lower than in the previous three months.

Shell (NYSE:SHEL) cut its Q4 forecast; LNG liquefaction volumes are expected to be between 6.8 and 7.2 million metric tons, lower than Q3's 7.5 MT, due to lower feedgas and fewer cargos due to the timing of liftings.

Shell has cut its liquefied natural gas production forecast for the fourth quarter of 2024 and warned that results from its trading business will be lower than in the third quarter. The UK oil major,

Shell also said it would take $1.5 billion to $3 billion of non-cash, post-tax impairments, including up to $1.2 billion in its renewables division, linked to European and North American assets

Shell, the world's largest trader of liquefied natural gas, trimmed its LNG production forecast for the quarter to 6.8-7.2 million metric tons, from a previous forecast of 6.9-7.5 million tons. Copyright 2025 Thomson Reuters.