BP Escalates Venture Global LNG Feud With Complaint to US Regulators
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BP Plc asked US energy regulators to intervene in its dispute with Venture Global LNG Inc. over liquefied natural gas cargoes, escalating a feud that’s roiled the market for the super-chilled fuel.
The London-based supermajor accused Venture Global of violating its contract by selling cargoes from its plant at Calcasieu Pass in Louisiana through one-off deals rather than supplying customers signed up for long-term deals, according to a letter BP sent to the Federal Energy Regulatory Commission on Monday.