Shell Executive Says We See Stable Situation With About 70% Of LNG Sold Under Long Term Contracts, 30% Sold On Spot; U.S. Ban On LNG Export Approvals Doesn't Cause The LNG Market To Be Short In In This Near Term Period
Portfolio Pulse from Benzinga Newsdesk
A Shell executive reported that 70% of LNG is sold under long-term contracts, with the remaining 30% sold on the spot market. Additionally, the U.S. ban on LNG export approvals is not expected to cause a short-term shortage in the LNG market, according to Reuters.
February 14, 2024 | 3:31 pm
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Shell's stable LNG contract situation and the U.S. LNG export ban not causing a short-term market shortage could signal stability for Shell's operations.
The executive's statement indicates a stable revenue stream from long-term LNG contracts, which is positive for Shell's financial stability. The U.S. LNG export ban's minimal impact on the short-term market further suggests that Shell's operations will not face immediate disruptions, supporting a positive outlook for the company's stock in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90