Venture Global Accuses Shell of ‘Campaign’ to Damage its LNG Biz

This is really rich. Venture Global (VG), now the second-largest LNG (liquefied natural gas) exporter in the U.S., is accusing Shell of waging a "three-year campaign" to damage VG's LNG business. VG's Calcasieu Pass (CP) LNG export facility in Louisiana began operations in March 2022. 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. VG, using loopholes in its signed contracts, maintained that it was working out the kinks long after it began shipping. After *hundreds of cargoes* were shipped, CP’s customers were still not receiving their contracted (at lower prices) shipments. Shell, along with several other customers, sued (see Shell, Edison, BP File for Arbitration Against Venture Global LNG). Shell lost its arbitration case, but two months later, BP won its case. So, Shell appealed its rejected case (see Shell Challenges Venture Global Arbitration Loss in NY Court).

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