11:26 AM EST, 11/11/2025 (MT Newswires) -- (Updates to include a statement from a Shell spokesperson in the fourth paragraph.)

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.

A Shell spokesperson confirmed the appeal filing to MT Newswires and said Shell is seeking to nullify the Tribunal's liability award. In the application, Shell alleged that "Venture Global ( VG ) procured the award by improperly withholding material information from Shell and the Tribunal," the spokesperson said.

Venture Global ( VG ) didn't immediately respond to MT Newswires' request 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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