LNG Producer Faces Lawsuits Over Alleged Contract Breaches ...Middle East

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LNG Producer Faces Lawsuits Over Alleged Contract Breaches
Venture Global has written to its long-term contract partners in the Plaquemines LNG plant to assure them it will not sell LNG on the spot market before honoring these contracts, the Financial Times has reported, citing fears of contract breaches. Plaquemines clients fear a repeat of what Venture Global did with its first LNG plan, in Calcasieu Pass, where it delayed the official commissioning of the facility for years, while selling LNG produced there on the spot market. The move, made possible by a legal loophole that allowed Venture Global to…

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