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Shell CEO Sawan expects progress in Venture Global arbitration in coming months
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Shell CEO Sawan expects progress in Venture Global arbitration in coming months
Mar 25, 2025 9:54 AM

March 25 (Reuters) - Shell CEO Wael Sawan said

on Tuesday he expects to have updates from the arbitration

process with Venture Global ( VG ) in the coming months.

Venture Global's ( VG ) failure to move to commercial operations

years after it started selling superchilled gas on the spot

market led to contract arbitration cases brought by some of the

world's top oil and gas producers, including BP, Shell,

Italy's Edison and Orlen ( PSKOF ) and Repsol.

Venture Global ( VG ), whose $58 billion market debut fell short of

high expectations in January, began generating proceeds in 2022

with its Calcasieu Pass facility.

Sawan during Shell's capital markets day in New York City

said that Venture Global ( VG ) has already delivered 400 cargoes from

its Calcasieu Pass project.

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