SHEL - BP Shell Edison Request US EU To Help In Dispute With Venture Global LNG Over Undelivered Cargoes: Report | Benzinga
Oil companies BP PLC (NYSE: BP), Shell PLC (NYSE: SHEL), and Edison International (NYSE: EIX) reportedly asked a U.S.-EU energy group to intervene in their ongoing dispute with liquefied natural gas (LNG) exporter Venture Global LNG over its failure to supply contracted cargoes.
The companies had appealed to the U.S.-EU Task Force on Energy Security last month, and a Shell executive urged them to require Venture Global to "immediately begin to perform" under their signed contracts, as per Reuters.
In the letter, Shell accused Venture Global of diverting resources into building a second LNG export plant rather than completing repairs to its first plant.