Shell’s Third Quarter Profit Driven by Liquefied Natural Gas

Bloomberg reported that Shell’s third quarter profits rose by 2.3 percent, after a hike in earnings from liquefied natural gas.

As quoted in the market report:

Earnings “benefited from the increased contribution from integrated gas, which included an additional dividend from an LNG venture,” said Shell, based in The Hague. LNG sales gained 4 percent to 4.97 million metric tons from a year ago, mainly reflecting the contribution from the Pluto project in Australia.

To view the whole Bloomberg report, click here.