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Venture Global will not begin LNG deliveries to Italy's Edison until 2025
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Venture Global will not begin LNG deliveries to Italy's Edison until 2025
Oct 17, 2024 12:27 PM

Oct 14 (Reuters) - Italian energy group Edison

said on Monday that U.S. gas exporter Venture Global LNG told it

not to expect contract cargoes from its Louisiana export

facility until April 2025.

Edison is among companies including Shell, BP

and Repsol that have filed contract arbitration

cases against Venture Global for its failure to deliver contract

cargoes, more than two years after it started exporting LNG from

the Calcasieu Pass LNG plant.

Edison in September 2017 signed a 20-year contract to

receive LNG from the project but has not received any of the

cargoes. Venture Global has sold cargoes from the project to

others since March 2022, it said.

The Arlington, Virginia, LNG exporter has said the plant has

not achieved full commercial operations because of technical

problems associated with a faulty power generation system.

Edison last week was told by Venture Global that first

cargoes under its contract would not be available until April

2025 at the earliest, Edison said in a press release on Monday.

Venture was not immediately available for comment.

The Louisiana facility has produced, exported and sold 355

cargoes to the higher-priced spot market and generated more than

$20 billion in revenue, Edison said.

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