Venture Global Secures Another Legal Victory in LNG Battle ...Middle East

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Venture Global Secures Another Legal Victory in LNG Battle
source : OILPRICE ( Middle East ) () 116
Venture Global has won its second arbitration case in an LNG export dispute with half a dozen European energy companies. That case specifically was brought against the U.S. LNG producer by Spain’s Repsol. Shell, BP, Repsol, and other major oil and gas firms accused Venture Global in 2023 of profiteering by selling on the higher-price spot market LNG cargoes that should have been supplied under their long-term contracts. The U.S. firm used a loophole to do that by extending the deadline for officially commissioning the Calcasieu Pass export…

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