financetom
Business
financetom
/
Business
/
US regulator denies Shell's request for older Venture Global LNG's documents
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US regulator denies Shell's request for older Venture Global LNG's documents
Oct 10, 2024 2:21 PM

HOUSTON (Reuters) - Shell on Thursday lost a bid to have U.S. regulators allow it to view nonpublic commissioning documents related to Venture Global LNG's Calcasieu Pass facility, a setback in a broader dispute over access to cargoes from the plant.

Shell, BP, Galp, Repsol, Orlen ( PSKOF ) and Edison have launched contract arbitration cases in the U.S. and Europe with over the status of the plant and their inability to obtain contract cargoes for more than two years.

Shell and others say they have lost billions of dollars in profit from gas promised under long-term contracts but was not delivered. Venture Global LNG contends it has not fully commissioned the Louisiana plant.

The buyers have challenged that contention by initiating arbitration and regulatory proceedings and in their regulatory battle have won access to some confidential commissioning documents filed with the U.S. Federal Energy Regulatory Commission.

FERC's ruling on Thursday allows the parties to see nonpublic documents from Jan. 1, 2022, before the plant started operations. But the administrative law judge appointed by FERC rejected the request for all nonpublic documents, including those that precede the January 2022 deadline, to be turned over to Shell.

Judge Matthew J. Vlissides Jr. ruled that Venture Global LNG is not required to serve nonpublic documents filed with the Commission other than those from Jan. 1, 2022.

Neither Venture Global nor Shell was immediately available for comment.

The judge also noted that Shell was the only company that requested documents dated before January 2022.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Alliant Energy Prices $375 Million Private Offering of Senior Notes
Alliant Energy Prices $375 Million Private Offering of Senior Notes
Jun 3, 2024
05:18 PM EDT, 06/03/2024 (MT Newswires) -- Alliant Energy ( LNT ) said Monday it priced a $375 million private offering of 5.4% senior unsecured notes due 2027. The company expects to close the offering on Thursday and said the net proceeds will be used to reduce Alliant's outstanding commercial paper and for general corporate purposes. The notes will mature...
Ingersoll Rand Completes $2.33 Billion Acquisition of ILC Dover, Takes Over Three More Companies
Ingersoll Rand Completes $2.33 Billion Acquisition of ILC Dover, Takes Over Three More Companies
Jun 3, 2024
05:25 PM EDT, 06/03/2024 (MT Newswires) -- Ingersoll Rand ( IR ) said Monday it has completed the acquisition of ILC Dover, which offers materials for use in the life sciences industry, for about $2.33 billion and is acquiring three more companies for a combined price of roughly $150 million. Ingersoll said its additional acquisitions are Complete Air and Power...
Ccc Intelligent Solutions Holdings Insider Sold Shares Worth $475,750,799, According to a Recent SEC Filing
Ccc Intelligent Solutions Holdings Insider Sold Shares Worth $475,750,799, According to a Recent SEC Filing
Jun 3, 2024
05:17 PM EDT, 06/03/2024 (MT Newswires) -- Christopher Egan, Director, on May 30, 2024, sold 41,622,992 shares in Ccc Intelligent Solutions Holdings ( CCCS ) for $475,750,799. Following the Form 4 filing with the SEC, Egan has control over a total of 39,972,917 shares of the company, with 39,972,917 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1818201/000095017024068115/xslF345X03/ownership.xml ...
--Greif Keeps Quarterly Cash Dividend at $0.52/Class A Share, Payable July 1 to Holders of Record June 18
--Greif Keeps Quarterly Cash Dividend at $0.52/Class A Share, Payable July 1 to Holders of Record June 18
Jun 3, 2024
05:18 PM EDT, 06/03/2024 (MT Newswires) -- Price: 64.59, Change: +0.01, Percent Change: +0.02 ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved