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Venture Global Triumphs Over Shell in LNG Arbitration Quarrel
The arbitration ruling ends a two-year dispute over LNG sales contracts at Venture Global’s Louisiana plant, with initial claims against the company totaling nearly $6 billion.
- On Aug. 12, Venture Global Inc. announced a tribunal ruled in its favor, ending a two-year dispute and marking its first major arbitration decision.
- Disputes arose after Venture Global sold LNG cargoes into the spot market at record-high prices, prompting arbitration claims from Shell, BP Plc, Orlen SA, Galp Energia, Repsol SA, Edison International, and Sinopec.
- Potential penalties of up to $1.6b emerged in its second-quarter earnings report, alongside initial arbitration claims totaling nearly $6 billion against Venture Global.
- Shares of Venture Global rose 6.7% in New York trading, as the arbitration ruling marked a crucial win and the first resolution in this series of cases, while Shell expressed disappointment.
- Meanwhile, Venture Global is on track to become the largest US LNG exporter by next year, contingent on its CP2 project in Louisiana.
18 Articles
18 Articles
Venture Global Wins Arbitration Against Shell
Venture Global, the LNG export major, has won an arbitration case brought against it by Shell for failure to honour long-term contracts in favor of spot-market sales. The tribunal that Shell and half a dozen other energy majors from Europe approached for their dispute with Venture Global ruled that the U.S. company had not violated its contractual obligations with its long-term clients. Shell, along with companies including BP, Repsol, Edison, a…
The American LNG plant has fooled European energy giants around its finger: EADaily
EADaily, August 13th, 2025. Arbitration courts began to rule in favor of the American Venture Global, which launched the Calcasieu Pass LNG plant, but instead of shipping batches under long-term contracts, sold them on the more profitable spot market.
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