Venture Global wins arbitration case against Shell - American Press

Venture Global wins arbitration case against Shell - American Press

Venture Global won a legal battle against Shell this week, which had accused the company of failing to deliver liquefied natural gas from its Calcasieu Pass facility under long-term contracts starting in 2023. Shell alleged that Venture Global capitalized on higher spot market prices by selling LNG cargoes, rather than fulfilling its long-term contract obligations following Russia’s full-scale invasion of Ukraine. Shell said Venture Global enric…