Venture Global Triumphs Over Shell in LNG Arbitration Fight
Photographer: Francois Picard/AFP/Getty Images
Venture Global Inc., one of the largest US exporters of liquefied natural gas, has prevailed over oil giant Shell Plc in an arbitration case over the sale of cargoes from its first export plant, capping a two-year fight.
The Virginia-based company welcomed the favorable tribunal ruling in a statement Tuesday and said the decision reaffirmed the “plain language” in its contracts. Its shares rose 6.7% after the close of regular trading in New York.