Shell PLC ( SHEL ) on Tuesday reportedly filed an appeal in the New York Supreme Court challenging its loss in an arbitration dispute with Venture Global, Inc. ( VG ) .

Reuters says that in its filing, Shell claims Venture Global ( VG ) concealed key information from both the company and the arbitration panel.

Notably, in August, Venture Global ( VG ) announced the favorable tribunal ruling in its arbitration with Shell, stating that the decision confirms its contracts, agreed upon with all customers, have been consistently honored.

Also Read: Shell Secures 15-Year LNG Deal With UAE’s ADNOC

Dispute Centers on LNG Supply

The case centers on Venture Global’s alleged failure to supply liquefied natural gas (LNG) under long-term contracts that began in 2023.

For the last few years, Venture Global LNG’s Calcasieu Pass plant has been central to a prolonged dispute between energy companies, including BP PLC ( BP ) and Shell, regarding access to LNG from the facility.

In November 2023, Shell, along with BP and Edison International ( EIX ) , reportedly asked a U.S.-EU energy group to intervene in their ongoing dispute with LNG exporter Venture Global ( VG ) over its failure to supply contracted cargoes.

Last month, the International Chamber of Commerce (ICC) issued a partial final award in the arbitration with BP Gas Marketing Limited related LNG sales under the long-term sales and purchase agreement (SPA) from the Calcasieu Project.

Earnings Snapshot

Last month, Shell reported mixed third-quarter fiscal 2025 results, with adjusted earnings per American Depositary Share of $1.86, beating the $1.71 consensus estimate.

However, revenue fell short at $68.15 billion, compared with analysts’ forecast of $72.81 billion.

Price Action: SHEL shares were trading lower by 0.34% to $76.30 premarket at last check Tuesday. VG was up 0.12%.

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