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Shell Ordered to Pay Venture Global’s Legal Fees After Arbitration Loss

Business & Policy
November 15, 2025

Earlier this week, Reuters reported that Shell challenged its defeat in the New York Supreme Court, weeks after rival BP won a similar arbitration worth more than $1 billion.

Both cases centered on Venture Global’s failure to deliver LNG under long-term contracts while selling cargoes on the spot market as prices surged after Russia’s 2022 invasion of Ukraine.

(Reporting by Ashitha Shivaprasad in Bengaluru; Editing by Leslie Adler and Tom Hogue)