Shell reduces gas production forecast following unplanned maintenance at Australian facilities

Shell anticipates lower-than-expected gas production in the first quarter 2025 due to unplanned maintenance at its Australian facilities.

In its latest update, Shell forecasts integrated gas production of 910,000–950,000 barrels of oil equivalent. While this represents an increase from the fourth quarter 2024 levels, it remains below the range projected in the previous quarterly report.

The company also expects liquefied gas volumes of 6.4–6.8 million tons for the first quarter 2025, down from its previous forecast of 6.6–7.2 million tons.

Shell also projects oil production in the mentioned period from 1.79 to 1.89 million barrels per day. Previously, the figure was expected at 1.75–1.95 million barrels per day. The indicative refining margin of oil will be $6.2 per barrel, compared to $5.5 in the previous quarter.