Repsol challenges Venture Global LNG over failure to supply gas



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. 

Market Impact

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. 

Article Tags

Topics of Interest: DealsEnergy

Type: Reuters Best

Sectors: Commodities & EnergyLegal Services

Regions: Europe

Win Types: Speed

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

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