Shell vs. Venture Global: LNG Dispute Heads to NY Supreme Court

Venture Global, a significant energy firm, accuses Shell of a three-year smear campaign, following Shells lawsuit over alleged LNG contract breaches. Shell claims Venture Global sold LNG on the spot market instead of fulfilling long-term contracts due to delayed commissioning of the Calcasieu Pass plant. Venture Global, however, maintains it wasnt obligated to honor those commitments until the plant was officially commissioned, which happened earlier this year. Shell is now appealing the arbitration decision, alleging Venture Global withheld crucial information during the original hearing.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.