Shell Signs LNG Supply Agreement with Vietnam's PV Gas Amid Stock Recovery
NATURAL GAS
Shell's stock increased by approximately 3% after signing a long-term LNG supply agreement with Vietnam's PV Gas, committing to deliver 400,000 tons of LNG annually from 2027 to 2031. This contract, PV Gas's first long-term procurement, signifies a shift away from the volatile spot market and strengthens Shell's position in the Asian LNG sector. Despite this positive development, Shell faces challenges in its Chemicals & Products division, with forecasts indicating significant losses in Q4, leading to investor concerns ahead of upcoming quarterly results.

Jan 11, 2026, 6:44 AM