Following restriction of Liquefied Natural Gas LNG supply to its customers, Shell PLC has made claims against Venture Global LNG(VGL) a United States based LNG exporter, for its breach of contract to supply LNG cargoes.
Also, Nigeria LNG may risk sanctions from a UK High Court for a similar breach of an LNG supply contract.
Both Venture Global LNG and NLNG have been facing hurdles in the United States and in the United Kingdom for its breach of contract in a relatively similar fashion.
While Shell Plc filed its claim with U.S. regulators, the NLNG breach, has now been advanced to the UK High courts for further litigation.
Nigeria LNG is challenging the enforceability of the arbitral award’s demand order, issued by the arbitration panel.
According to Reuters report, Shell Plc has escalated its dispute with Venture Global LNG.
It accused the liquefied natural gas producer of restricting supply access to it and other customers, while exporting over $18 billion in LNG.
Blaze Fm