Venture Global Wins Arbitration Against Shell ...Middle East

Venture Global, the LNG export major, has won an arbitration case brought against it by Shell for failure to honour long-term contracts in favor of spot-market sales. The tribunal that Shell and half a dozen other energy majors from Europe approached for their dispute with Venture Global ruled that the U.S. company had not violated its contractual obligations with its long-term clients. Shell, along with companies including BP, Repsol, Edison, and Portugal’s Galp, accused Venture Global in 2023 of profiteering by selling LNG cargos that should…

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