On Friday, we told you that a bankruptcy judge had tossed out a lawsuit brought by Freeport LNG against the companies that built the facility, claiming it was their shoddy work that has led to a steady string of problems and outages (see Bankruptcy Judge Tosses Freeport LNG Lawsuit Against 3 Contractors). We said this: “According to a Reuters story, Freeport experienced “roughly a dozen incidents” by early June. Since that time, things have thankfully improved.” We spoke too soon. Read More “Freeport LNG Train 3 Down Again; Caused 11-Hour “Emissions Event””

In August, we told you that most of Venture Global’s contracted customers for LNG from the company’s Calcasieu Pass LNG export facility in southwestern Louisiana’s Cameron Parish had filed for arbitration over Venture Global’s refusal to sell them cargoes under contract (see Shell, Edison, BP File for Arbitration Against Venture Global LNG). Instead, Venture Global is selling its cargoes on the open “spot” market at higher prices, violating its agreement with its customers. Venture has shipped (at last count) over 355 cargoes from Calcasieu Pass! Yet the company claims CP is still not “commercially ready.” It’s bullcrapus of the highest order. Now comes word from the arbitration hearings that Venture Global may be on the hook to pay its jilted customers $5.9 BILLION. That would be sweet justice. Read More “Venture Global LNG May Be on Hook for $5.9B to Jilted Customers”