20 September 2023, 5:10 pm 1 minute
Reuters was first to report that Spain’s Repsol SA (REP.MC) has asked an international tribunal to require U.S. gas exporter Venture Global LNG to fulfill its contract for liquefied natural gas or compensate it, according to two people familiar with the matter.
An attorney familiar with the U.S. company’s sales and purchase agreements said the arbitration cases face an uphill battle. Venture Global LNG contracts give it sole discretion to determine the start of commercial operations.
Topics of Interest: DealsEnergy
Type: Reuters Best
Sectors: Commodities & EnergyLegal Services
Win Types: Speed
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story