Published 4 months ago

NLNG and Venture Global Breaches: Shell says The Global LNG business built on sanctity of contracts

Summary by Ventures Africa

Shell has accused U.S.-based Venture Global LNG of wrongfully earning $3.5 billion, according to a report by the Financial Times. Shell’s claims are based on a study commissioned by Compass Lexecon, a consulting firm, which sought to quantify the additional revenue Venture Global allegedly gained by withholding contracted LNG shipments from certain European customers. Shell’s CEO, Wael Sawan, commented on the situation, stating: “It is not in th…

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NLNG and Venture Global Breaches: Shell says The Global LNG business built on sanctity of contracts

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