Shell Will Increase Integrated Gas Output for Q3 2026
The energy major raised its quarterly production outlook, signaling potential supply stabilization for global markets.
Updated on Oct. 7, 2026 in Oil and Gas
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Shell will increase its third-quarter production forecast for integrated gas to between 740,000 and 780,000 barrels of oil equivalent per day (boed) in 2026. This upward revision follows a second-quarter output of 631,000 boed.
Why it matters
The increased output projection suggests a recovery in production capacity for the energy giant after supply disruptions began impacting operations in February 2026. For global operators, this shift represents a potential stabilizing force in gas markets that had seen output drop significantly from pre-war levels of over 900,000 boed.
Shell projects third-quarter integrated gas production between 740,000 and 780,000 boed, a significant increase over the previous guidance of 570,000 to 630,000 boed. Current output remains below the 900,000 boed level recorded before the war on Iran started in February 2026.
The players
Shell
A global energy major with integrated operations spanning upstream exploration and downstream gas and chemical processing.
The details
Shell manages complex integrated gas supply chains that were curtailed following the onset of the war on Iran in February 2026. The company reached a production floor of 631,000 boed in the second quarter of 2026, forcing a downward revision in earlier expectations. The newly raised forecast reflects improved throughput levels across the portfolio, which had previously faced significant headwinds from regional conflict dynamics involving US and Israeli involvement.
Timeline
February 2026: Conflict in Iran began impacting global production levels.
Q2 2026: Shell production levels fell to 631,000 boed.
Q3 2026: New production forecast window for integrated gas output.
Market Landscape
Energy production forecasts are currently being adjusted to account for the supply volatility triggered by the February 2026 war on Iran. This update from Shell follows a cycle of reduced output that significantly hindered global integrated gas capacity earlier this year.
Operators in energy-intensive industries should monitor how this increased production volume affects regional pricing in the coming months. Maintain flexibility in procurement contracts to hedge against lingering supply volatility despite the improved short-term outlook.
The takeaway
Shell's revised outlook suggests that major producers are finding operational stability despite the ongoing regional conflict. Business owners should track these production figures as a primary indicator of whether energy cost pressure will continue to ease or revert back to pre-war volatility.
Further reading
For more on shifting energy supplies, visit Oil and Gas.
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