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FERC Asks Venture Global LNG to Explain Confidentiality of Calcasieu Pass Facility

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FERC,Venture Global LNG,Calcasieu Pass

The Federal Energy Regulatory Commission (FERC) has asked Venture Global LNG to justify why it keeps details of its Calcasieu Pass LNG facility confidential, following complaints from customers about the lack of transparency. Venture Global has chosen to sell more LNG on the spot market instead of honoring its contracts with European buyers.

The Federal Energy Regulatory Commission (FERC) has asked Venture Global LNG to explain why it keeps details of its Calcasieu Pass LNG facility confidential. This comes after complaints from customers, including BP, about the lack of transparency regarding the status of the Louisiana plant. BP, Shell, Repsol, Eni, and Edison are foundational buyers of Venture Global's LNG and have paid for the construction of the facility.

However, instead of honoring its contracts with European buyers, Venture Global has chosen to sell more LNG on the spot market, causing delays in deliveries to these clients

 

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