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By Curtis Williams

HOUSTON, March 23 (Reuters) - Venture Global ( VG ) is holding

discussions to settle pending arbitration cases with energy

companies that sued the firmfor failing to provide them with LNG

from its Calcasieu Pass facility in a timely manner, CEO Mike

Sabel said on Monday during a roundtable discussion at the

CERAWeek conference in Houston.

Venture Global ( VG ) customers including Shell, BP

, Repsol, Orlen ( PSKOF ) and Edison

filed arbitration cases in 2023 after accusing Venture Global ( VG ) of

failing to provide them with LNG for more than two years after

it first produced the superchilled gas.

BP won its case against Venture Global ( VG ), while the LNG

exporter won its cases against Shell and Repsol. The other cases

have not been concluded.

Sabel said while Venture Global ( VG ) won two of its arbitration

cases and lost one, it is open to settling the remaining

arbitration cases.

Venture Global ( VG ) expects to produce LNG from its CP2 facility

at 150% of the 20 million metric tons per annum nameplate

capacity, he said, adding the company wants to sell more LNG

cargoes on five-year contracts while the plant is being

commissioned.

The company could add 40 million mtpa of LNG from proposed

expansions to its Plaquemines and CP2 plants, Sabel said.

Sabel said that even though the company has been granted

permission by the U.S. Department of Energy to increase its LNG

exports, he does not expect any more production than what was

already planned for the rest of the year.