March 17 (Reuters) - Venture Global LNG on Sunday said
it will acquire a fleet of liquefied natural gas (LNG) vessels.
The nine vessels will be constructed in South Korea and the
Arlington-based company said the move will deepen its
involvement throughout the LNG value chain.
The move advances "the integration of our business
across the entire LNG supply chain," said Venture Global's CEO
Mike Sabel.
The company has been embroiled in a dispute with its
customers over its failure to deliver cargoes because of what it
says are electrical problems.
Customers, including BP, Shell, Edison
, Repsol, Galp, Unipec and Orlen ( PSKOF )
, have initiated arbitration proceedings against Venture
Global and have pressed federal regulators to allow them to see
confidential commissioning documents.