BP, a long-term buyer of LNG from Venture Global, challenged the company's request for a delay in deliveries, questioning the validity of their force majeure claim.
U.S. LNG developer Venture Global doesn’t need additional time to start up production at its Calcasieu Pass LNG facility, its customer BP has told U.S. regulators. The UK-based energy supermajor, along with Shell, Repsol, Eni, and Edison, became foundational buyers of Venture Global ’s LNG even before it started producing. They paid for the construction of the Calcasieu Pass facility and secured long-term supply from it.
At the end of last year, BP asked FERC to force Venture Global to disclose the documentation around its force majeure—which Venture Global wants to keep confidential. Earlier this year, FERC ordered Venture Global LNG to provide its customers with documents about the mechanical problems and startup of Calcasieu Pass LNG.
Venture Global BP Calcasieu Pass Force Majeure Spot Market Delivery Delays Contract Dispute Federal Energy Regulatory Commission (FERC) Documents
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