Reuters
Venture Global LNG's CEO said the development of its U.S. liquefied natural gas plants has not been slowed by international court battles over its failure to deliver cargoes to contract holders, including BP and Shell. CEO Michael Sabel's comments to Reuters last week were the company's most detailed public statements to date over a series of contract arbitration cases over Venture Global LNG's withholding cargoes from the first of its several LNG projects. Venture Global LNG claims its first project, called Calcasieu Pass, has yet to start full commercial operations due to equipment malfunctions, even though it has delivered over 200 cargoes of LNG worth around $17 billion to buyers since 2022.