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Market Chatter: Shell Challenging Venture Global's Arbitration Win in New York Supreme Court
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Market Chatter: Shell Challenging Venture Global's Arbitration Win in New York Supreme Court
Nov 11, 2025 3:39 AM

06:23 AM EST, 11/11/2025 (MT Newswires) -- Shell (SHEL) is challenging Venture Global's ( VG ) earlier win in an arbitration case over the latter's failure to deliver liquefied natural gas under long-term contracts while selling on the spot market as prices surged following the outbreak of the war in Ukraine, Reuters reported Tuesday, citing a legal filing.

Shell filed its appeal with the New York Supreme Court, claiming Venture Global ( VG ) held back important evidence in the arbitration case and that the company earned more than $20 billion from spot market sales between 2022 and 2025, according to the report.

Shell also referred to BP (BP) winning a similar case against Venture Global ( VG ) in October, Reuters added.

Shell and Venture Global ( VG ) didn't immediately respond to MT Newswires' requests for comments.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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