TotalEnergies said on Wednesday in its trading statement that the average LNG price was $9.10/MMBtu in the three-month period, down by $0.22/MMBtu compared to $9.32/MMBtu in the second quarter of 2024.
Additionally, the average price decreased compared to $10/MMBtu in the first quarter of this year.
The company’s average price was $10.37/MMBtu in the fourth quarter of last year and $9.91/MMBtu in the third quarter.
TotalEnergies said in its results report in April that its average LNG selling price will be between $9 and $9.5/MMBtu in the second quarter of 2025 “given the evolution of oil and gas prices in the recent months and the lag effect on price formulas.”
According to the statement on Wednesday, integrated LNG results in the second quarter are expected to reflect the “evolution of the environment (average LNG selling price of $9.1/MMbtu vs $10/MMbtu in the first quarter of 2025, reflecting crude price evolution) and low volatility in gas trading.”
Hydrocarbon production of the second quarter 2025 is expected to be at the midpoint of the quarterly guidance, around 2.5 percent growth compared to the second quarter of 2024.
“Exploration and production results are expected to reflect the evolution of the environment ($7/b average liquids price decrease vs first quarter 2025), in line with published sensitivities while being supported by accretive production growth both in results and cash,” TotalEnergies said.
TotalEnergies plans to release its quarterly results on July 24.
