Shell Challenges Venture Global Arbitration Decision in New York Supreme Court

A Shell spokesperson confirmed the filing, which was made on Monday.

Shell and other firms including BP, Edison and Galp filed arbitration claims starting in 2023, accusing Venture Global of profiting from the sale of LNG on the spot market while not providing the firms with their contracted cargoes from the Calcasieu Pass export facility in Louisiana.29dk2902l

Shell lost its case in August, while BP won its case in October.

Venture Global did not immediately respond to a request for comment on Tuesday about Shell’s challenge.

Reuters previously reported that BP won its arbitration case with an argument of unfair behaviour by the U.S. company, citing five sources close to the matter.

(Reporting by Francesca Landini, Stephanie Kelly and Marwa Rashad; Editing by Joe Bavier and Susan Fenton)