US LNG Exporter Venture Seeks Court Order Against Kiewit

Venture Global LNG Inc., a US liquefied natural gas developer, is requesting a court order to prevent the release of confidential information to Shell Plc amid contract disputes between the two companies over a facility in Louisiana.

Bloomberg
Published4 Aug 2024, 01:25 AM IST
Trade Now
US LNG Exporter Venture Seeks Court Order Against Kiewit
US LNG Exporter Venture Seeks Court Order Against Kiewit

Venture Global LNG Inc., a US liquefied natural gas developer, is requesting a court order to prevent the release of confidential information to Shell Plc amid contract disputes between the two companies over a facility in Louisiana.

The Arlington, Virginia-based company petitioned for a temporary restraining order and preliminary injunction against engineering firm Kiewit Louisiana Co., according to a Aug. 2 filing with the Supreme Court of the State of New York. 

Venture Global alleges that Kiewit broke confidentiality obligations by disclosing thousands of pages of proprietary information to Shell, according to the filing. Kiewit helped to build the exporter’s Calcasieu Pass LNG plant in Louisiana and is also in separate arbitration with the company over the construction of the facility.

It’s the latest salvo by Venture Global amid disputes between the firm and some of the world’s biggest energy companies over contracts at Calcasieu Pass. Even though Calcasieu Pass started exporting LNG shipments in 2022, Venture Global says the facility remains in its commissioning phase until the end of this year. As a result, its shipments have been sold on the spot market rather than going to customers with long-term contracts. 

A Kiewit spokesperson said the company was evaluating the legal matter and declined to comment further. Shell didn’t immediately provide a comment.

Customers including Shell lodged arbitration cases against Venture Global, arguing they’ve been forced to buy higher-priced LNG shipments on the spot market to replace the missing supplies. In June, an administrative law judge determined that Venture Global must disclose some separate documents to Shell and the other Calcasieu Pass offtakers. 

This article was generated from an automated news agency feed without modifications to text.

Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:4 Aug 2024, 01:25 AM IST
Business NewsMarketsStock MarketsUS LNG Exporter Venture Seeks Court Order Against Kiewit

Most Active Stocks

Tata Steel

153.40
03:59 PM | 13 SEP 2024
1.65 (1.09%)

Bank Of Baroda

239.30
03:49 PM | 13 SEP 2024
2.1 (0.89%)

Bandhan Bank

207.05
03:57 PM | 13 SEP 2024
10 (5.07%)

Zee Entertainment Enterprises

135.95
03:59 PM | 13 SEP 2024
1.2 (0.89%)
More Active Stocks

Market Snapshot

  • Top Gainers
  • Top Losers
  • 52 Week High

Linde India

8,205.20
03:29 PM | 13 SEP 2024
623.3 (8.22%)

IDBI Bank

94.94
03:53 PM | 13 SEP 2024
7 (7.96%)

IIFL Finance

523.65
03:29 PM | 13 SEP 2024
38.4 (7.91%)

Home First Finance Company India

1,203.70
03:43 PM | 13 SEP 2024
76.3 (6.77%)
More from Top Gainers

Recommended For You

    More Recommendations

    Gold Prices

    • 24K
    • 22K
    Bangalore
    72,990.00790.00
    Chennai
    73,100.00880.00
    Delhi
    75,310.002,420.00
    Kolkata
    75,600.001,090.00

    Fuel Price

    • Petrol
    • Diesel
    Bangalore
    102.86/L0.00
    Chennai
    100.98/L0.00
    Kolkata
    104.95/L0.00
    New Delhi
    94.72/L0.00

    Popular in Markets

      HomeMarketsPremiumInstant LoanMint Shorts