Orlen Files Arbitration Case Against Venture Global in LNG Spat
- Polish oil and gas firm follows BP, Shell in dispute with VG
- Orlen wants deal to start immediately, may seek damages
The Venture Global Calcasieu Pass LNG export terminal in Cameron, Louisiana.
Photographer: Francois Picard/AFP/Getty Images
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Orlen SA lodged an arbitration case against Venture Global LNG Inc., alleging that the US liquefied natural gas exporter wasn’t honoring its long-term contract with Poland’s largest oil and gas company, according to people familiar with the move.
The Polish state-controlled firm followed other European oil companies, including Shell Plc and BP Plc, in filing a complaint against Venture Global saying that the US company failed to send LNG shipments under long-term contracts, while selling spot cargoes from its Calcasieu Pass terminal.