TotalEnergies said on Wednesday in its trading statement that the average LNG price was $8.91/MMBtu in the three-month period, down by $1/MMBtu compared to $9.91/MMBtu in the third quarter of 2024.
Additionally, the average price decreased compared to $9.10/MMBtu in the second quarter and $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.
TotalEnergies said in its results report in July that its average LNG selling price will be between $9 and $9.5/MMBtu in the third 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 cash flow “should be in line with the second quarter 2025 in a similar environment (~$9/MMBtu).”
Moreover, TotalEnergies said the integrated LNG results will be impacted by the planned turnaround at the Inpex-operated Ichthys LNG plant in Australia.
The firm expects oil and gas production for the third quarter to be “at 2.5 Mboe/d, growing 4 percent year-on-year, above the annual and quarterly guidance of more than 3 percent and despite the planned turnaround (~-50kboe/d) at Ichthys LNG.”
“Compared to second quarter 2025, exploration and production results and cash flow should outpace the E&P production growth of 4 percent thanks to the accretive impact of the new barrels,” TotalEnergies said.
TotalEnergies plans to release its quarterly results on October 30.
