Venture Global Continues Fiction that Calcasieu Pass LNG Not Ready

In what is a laughable defense, Venture Global LNG told the Federal Energy Regulatory Commission (FERC) that it cannot meet contractual obligations to provide liquefied natural gas (LNG) cargoes to several major customers because its export plant is not yet ready to meet three criteria found in the contracts. Venture Global continues its charade that the Calcasieu Pass export facility is not yet ready for primetime --- even though it has shipped over 200 cargoes! Venture Global is using language in the contracts as an excuse to continue profiting from not honoring those contracts and instead selling cargoes at a higher non-contract price. It's disgusting, and it's giving American LNG a black eye.

---

To view this content, log into your member account. (Not a member? Join Today!)