Shell Appeals Venture Global Arbitration Loss in US Court (1)

Shell Plc is challenging its defeat in an arbitration case against US liquefied natural gas exporter Venture Global Inc. after BP Plc won a similar case.

A tribunal in August ruled in favor of Venture Global in a disagreement that centered on the firm’s failure to deliver LNG cargoes to Shell under long-term contracts from an export plant in Louisiana. Weeks later, Venture Global lost a similar dispute with BP.

Read More: Venture Global Suffers Defeat in BP’s LNG Arbitration

“We have filed an application in the New York Supreme Court to set aside the tribunal’s liability award,” Shell said ...