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Galp Asks to Join Venture Global Complaint
Portugal’s Galp has asked US regulators to allow it to join BP and Shell in a formal complaint against US LNG exporter Venture Global.
- Shell and BP have asked the Federal Energy Regulator Commission (FERC) to make Venture Global share documents to show why they have not had access to contracted LNG volumes from the Calcasieu Pass Terminal.
- Venture Global’s Calcasieu Pass facility has been operating for 21 months and sold more than 200 cargoes.
- It has told Galp, Shell, BP and others it is unable to provide them with term-contract cargoes while the plant is in commissioning. They are seeking the documentation to display it is in commissioning phase.
To read the full story
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Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.