Venture Global Is Facing New LNG Contract Scrutiny in Louisiana

Venture Global is facing new LNG contract scrutiny in Louisiana

Venture Global is working to reassure major clients—including BP, Shell, Chevron and Poland’s Orlen—that it will honor long-term LNG supply contracts from its Plaquemines export terminal in Louisiana, The Financial Times writes.  The U.S. exporter faces backlash after selling more than 100 cargoes on the spot market before declaring the facility operational, echoing disputes tied to its Calcasieu Pass terminal. Last week, an arbitration panel ru…

Venture Global's CP LNG Loses Arbitration to BP, Owes Big Money - Marcellus Drilling News

Venture Global’s Calcasieu Pass (CP) LNG export facility in Louisiana began operations in March 2022 (see Calcasieu Pass LNG Loads Inaugural Cargo; Sabine Pass LNG Expands). Typically, a new LNG facility will load and ship several (maybe two or three) cargoes to “work out the kinks” and ensure everything is working as advertised. Venture Global,...