Head Topics

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

  • 📰 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

Source: News Formal (newsformal.com)

FERC Venture Global LNG Calcasieu Pass LNG Facility Transparency Complaints Contracts European Buyers Spot Market Deliveries

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 34. in UK

United Kingdom Latest News, United Kingdom Headlines

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

New Expansion Project Could Give Qatar 25% Share of Global LNG SupplyQatar's aggressive liquefied natural gas expansion strategy could see the country control 25% of global LNG supply by 2030.
Source: OilandEnergy - 🏆 34. / 68 Read more »

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 »

Oil Trader Vitol Looks to Buy 90% of Italy's Largest LNG TerminalA company backed by the world's biggest independent oil trader is looking to buy a more than 90% stake in Adriatic LNG.
Source: OilandEnergy - 🏆 34. / 68 Read more »

Cheap Spot Prices Boost China's LNG Imports to Record High for FebruaryChina's imports of liquefied natural gas hit a record high for February, driven by cheap spot prices.
Source: OilandEnergy - 🏆 34. / 68 Read more »

Shell Earned $2.4 Billion From LNG Trading in Q4Shell earned $2.4 billion from liquefied natural gas trading in the fourth quarter of 2023, making up almost a third of its Q4 adjusted earnings.
Source: OilandEnergy - 🏆 34. / 68 Read more »