Shell Says Venture Global Wrongfully Earned $3.5B from CP LNG Sales

Shell is putting numbers to the gross transgression of Venture Global in screwing over its contracted customers for LNG shipments. Venture Global’s Calcasieu Pass LNG export facility received Federal Energy Regulatory Commission (FERC) authorization to place the final three liquefaction blocks (7-9) into service in November 2023 (see Venture Global Gets FERC OK to Commission 3 Calcasieu Pass Trains). The other trains, 1-6, have been online for over two years. However, the entire facility is not officially in commercial service, even though it has shipped over 200 cargoes! Venture Global claims it is still working out the kinks. Shell and Venture's other customers say horse manure! Shell says Venture Global has wrongfully earned $3.5 billion from selling cargos from long-term contracts on the spot market instead. PAY UP, Venture Global!

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