TASS7 hours agoBusiness1 min readRussia
TotalEnergies Reports Increased H1 LNG Sales Volume, Decreased Revenue
Quick Look
- French energy company TotalEnergies saw its liquefied natural gas (LNG) sales volume increase by 9% in the first half of the year, reaching 23.1 million metric tons.
- However, revenue from these sales declined by 9% to $2.125 billion, with Q2 sales significantly lower than Q1.
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Why It Matters
French energy company TotalEnergies released its report on liquefied natural gas (LNG) sales for the first half of the year.
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MOSCOW, July 23. /TASS/. French energy company TotalEnergies increased its liquefied natural gas (LNG) sales in January-June by 9% year-on-year, according to the company's report.
LNG sales totaled 23.1 mln metric tons, up from 21.2 mln metric tons a year earlier. At the same time, Q2 sales were 13% lower than in the Q1, amounting to 10.7 mln metric tons.
TotalEnergies' LNG sales revenue fell 9% in the first half of the year to $2.125 bln. In the Q2, the figure declined 22% year-on-year to $807 mln and was 39% lower than in the previous quarter.
Open Questions
- What factors led to the 9% decline in LNG sales revenue?
- What caused the 13% drop in Q2 sales compared to Q1?
- What is TotalEnergies' outlook for LNG prices and sales in the second half of the year?
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This article was originally published by TASS.
