Mubasher: Royal Dutch Shell on Monday launched a quarterly outlook, starting from the third quarter of 2019, in which it projected higher liquefied natural gas (LNG) output and upstream production.

The energy giant expected net charges to range between $700 million and $850 million.

In its integrated gas business, the Anglo-Dutch company projected production to range between 930,000 and 960,000 barrels of oil equivalent per day (boepd), while LNG liquefaction volumes are set to be between 9 million and 9.30 million tonnes.

Shell expected to deliver strong trading and optimisation performance in the third quarter.

In addition, upstream production will be between 2.60 million and 2.65 million boepd.

“During the third quarter there have been additional well write-offs in the range of $250-$350 million compared to Q3 2018, for which no cash impact is expected,” Shell said.

Both refinery availability and chemicals manufacturing factory availability are estimated to be between 90% and 92%, while oil products sales volumes are expected to be between 6.70 million and 7.35 million.

Shell will report its financial results for the third quarter on 31 October.

Last August, the company’s profit in the second quarter dropped to 30-month low due to weaker gas prices and refining margins, dampening a steady recovery in recent years.