ROME, May 14 (Reuters) - Italian energy group Edison
said on Wednesday it received the first cargo of
liquefied natural gas (LNG) from U.S. firm Venture Global ( VG )
, adding it would continue litigation over delays in its
delivery.
A cargo of 165,000 cubic metres of LNG from Venture Global's ( VG )
Calcasieu Pass export facility in Louisiana arrived at the
Italian port of Piombino ready to be regasified and fed into the
national network, Edison said.
The delivery marks the start of a contract Edison signed
with Venture Global ( VG ) in 2017, Edison's Executive Vice President
for Gas & Power Portfolio Management & Optimization said in a
statement.
Still, the arbitration Edison initiated two years ago at the
London Court of International Arbitration "for breach of
contractual terms by Venture Global ( VG ), continues", the statement
added.
Edison is one of several European energy companies,
including Shell, BP and Galp that have
filed arbitration claims saying Venture Global ( VG ) deliberately
failed to fulfil its supply contracts, dragging its feet to
commission the plant so it could profit from higher spot prices.
Commissioning, or making sure a new plant's systems are
functioning as designed, takes months at many LNG facilities,
but the process dragged on at Calcasieu Pass due to several
unforeseen circumstances, Venture Global ( VG ) has said.
The U.S firm, the second-largest producer of LNG in the
country, has blamed the COVID-19 pandemic, two hurricanes and a
force majeure event triggered by issues with the facility's
power island for the extended commissioning.