US EditionNLNG faces similar contract breach accusation as Venture Global in dispute with Shell
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NLNG faces similar contract breach accusation as Venture Global in dispute with Shell
Shell has accused U.S.-based Venture Global LNG of wrongfully earning $3.5 billion, according to a report by the Financial Times. In an ironic twist, Shell’s Nigerian subsidiary, Nigeria LNG (NLNG), has faced sanctions from both a London arbitration panel and the High Court of Justice of England and Wales for a similar breach of an LNG supply contract. The breach occurred when NLNG allegedly failed to deliver LNG due to an unprecedented surge in…
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