Reported 1 day ago
Pending arbitration claims against Venture Global LNG Inc. have reached nearly $6 billion from various customers, primarily related to its Louisiana LNG plant, Calcasieu Pass, which began production in early 2022 but has not fulfilled long-term contract deliveries. Major companies like Shell and BP are among those awaiting gas delivery, while contractor Kiewit Corp. has also filed an arbitration claim. Venture Global asserts that there is no contractual basis for these claims and intends to uphold its rights as per the contracts.
Source: YAHOO