Shell PLC (LSE:SHEL, NYSE:SHEL) has forecast its integrated gas production to range between 960 to 1,000 thousand barrels of oil equivalent per day (kboe/d), with liquefied natural gas (LNG) liquefaction volumes expected to lie between 7.2 to 7.6 million tonnes (MT) in the first quarter.
This is up from the previous quarter’s guidance of 901 kboe/d and 7.1 million tonnes in LNG volumes.
In the Upstream sector, Shell forecast a narrower production range of 1,820 to 1,920 kboe/d, slightly above the fourth quarter’s top range.
Shell's Renewables and Energy Solutions segment is expected to post between a loss of $100 million and a gain of $500 million for the quarter.