Shell loses legal claim against US LNG operator Venture Global
Venture Global has won an important arbitration case, defeating Shell’s claims that it broke contracts to profit from higher prices, in a boost to the one of the largest US suppliers of liquefied natural gas.
It is one of several arbitration cases pursued by customers of Venture Global, which allege it failed to deliver shipments under long-term supply contracts and instead продадоха ги за по-високи цени на спот пазара, когато цените на газа се повишиха след пълномащабното навлизане в Русия в Украйна.
Клиентите - които включват Shell, BP, Китай Синопек и няколко европейски енергийни компании - подадоха искове на вреди за сред 6,7 до 7,4 милиарда $ против доставчика на ВПГ и потърсиха арбитраж в Международната комерсиална камара.
Venture Global has said contractual provisions limit the total liability for these claims to about $1.6 billion, although this is disputed by some of the customers.
The first arbitration ruling could set a precedent for the rem...
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