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

📆 14/03/2024 14:29:00
📰 OilandEnergy

⏱ Reading Time:
10 sec. here
12 min. at publisher
📊 Quality Score:
News: 42%
Publisher: 68%

Energy News

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

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Global North And South's Fight For LNG Energy Security Is Set To IntensifyThe escalating battle for emergency energy resources, with a focus on LNG, will serve as a microcosm of the broader conflict between the Global North and the Global South, expected to continue until 2040.
Source: OilandEnergy - 🏆 34. / 68 Read more »