TotalEnergies Expects Better LNG Trading in Q4

TotalEnergies expects its fourth-quarter results to have benefited from higher LNG production and prices and stronger gas trading, the French energy group said on Thursday, diverging from other supermajors that have flagged weaker oil and gas trading results for the final quarter of 2024. TotalEnergies expects its Integrated LNG results to have benefited from a 6% increase in production, LNG realizations above $10 per Mbtu, and stronger gas trading that is back to the performance of the fourth quarter of 2023, the company said in a trading update…