litigation
confidence high
sentiment positive
materiality 0.65
Venture Global announces positive partial final award in Shell LNG arbitration
Venture Global, Inc.
- International Chamber of Commerce tribunal issued partial final award in arbitration between Venture Global Calcasieu Pass and Shell NA LNG LLC.
- Venture Global states the decision reaffirms that contract language is clear and that it has consistently honored agreements with all customers.
- Company highlights its ability to export commissioning cargoes during construction, bringing LNG to market years faster.
- Arbitration relates to LNG sales from the Calcasieu Project under the sales and purchase agreement with Shell.
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