BP Approaches Federal Regulator as LNG Dispute Escalates ...Middle East

BP has approached the Federal Energy Regulatory Commission for assistance in a dispute between the supermajor and Venture Global, the LNG producer that several energy majors are suing for breach of contract. In a filing from Monday, BP said Venture Global had evaded FERC disclosure rules and had maintained “a veil of secrecy around its operations” at the expense of its long-term clients, the Wall Street Journal reported. BP, along with Shell, Repsol, Eni, and Edison, became foundational buyers of Venture Global’s LNG even before…

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