In early August, MDN told you about trouble brewing along the Gulf Coast between Venture Global LNG and its biggest customers: BP, Shell, Edison International (an Italian utility company), Repsol, and GALP Energia (see Shell, Edison, BP File for Arbitration Against Venture Global LNG). Venture Global is building the Calcasieu Pass LNG export facility in southwestern Louisiana’s Cameron Parish, less than 50 miles south of Lake Charles. We suspect Marcellus/Utica molecules flow to the facility, hence our interest. While Venture Global is still working on completing Calcasieu Pass, it has, so far, already shipped over 200 cargoes of LNG, much of that during the mega-high prices of last year when the Russia/Ukraine war was at its peak. Yet none of those cargoes have gone to the facility’s contracted customers. Shell, Edison, and BP sued Venture (in this case, sued means going to arbitration). Now, Spanish energy giant Repsol has joined as the fourth company to pursue arbitration against Venture Global for breach of contract.
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