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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.

Shell Signs LNG Supply Agreement with Vietnam's PV Gas Amid Stock Recovery
Jan 11, 2026, 6:44 AM

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