Shell Revises Q1 Gas Output Downward Following Australian Disruptions

Cyclones and unplanned maintenance prompt lower LNG and integrated gas forecasts, while refining margins show signs of recovery.

Shell reduced its Q1 LNG production forecast to 6.4–6.8 million metric tonnes, down from a previous estimate of 6.6–7.2 million metric tonnes.
The company also lowered its integrated gas production outlook to 910,000–950,000 barrels of oil equivalent per day, citing unplanned maintenance and extreme weather in Australia.
Cyclones and operational challenges in Australia were identified as key factors behind the downward revisions in production estimates.
Improved refining margins in Q1, rising to $6.2 per barrel from $5.5 in the prior quarter, indicate a partial profitability rebound for Shell.
The adjustments come as Shell and BP pivot toward fossil fuel operations, scaling back renewable energy investments to prioritize shareholder returns.