- Shell (LSE:SHEL) reports strong trading profits from recent war driven volatility in global energy markets.
- At the same time, the company signals reduced gas production guidance linked to Middle East disruptions, with a focus on Qatar.
- This combination of higher trading income and constrained output is emerging as a key issue for Shell’s LNG and gas portfolio.
For Shell, one of the largest integrated energy groups, gas and LNG trading sits at the core of its business model, alongside production and refining. Recent conflict related…

