VG Getting Heat from Contracted Customers re Plaquemines LNG Startup

BP recently won a victory in an arbitration lawsuit against Venture Global’s Calcasieu Pass (CP) LNG for not selling contracted LNG deliveries in a timely fashion (see Venture Global’s CP LNG Loses Arbitration to BP, Owes Big Money). Venture Global is attempting to repeat the same delivery delay tactic with another new LNG export facility located in Plaquemines Parish, Louisiana. Except this time, contracted customers are already pushing back (see Chevron Complains that VG’s Plaquemines LNG to Delay Startup). 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, using loopholes in its signed contracts, maintained that they were working out the kinks long after it began shipping. Venture Global's CP LNG liquefied and shipped *over 400 cargoes* from March 1, 2022, through April 2025 before it announced it was "commercially ready" to begin operations.

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