People familiar with the matter revealed that China Petroleum Corporation Co., Ltd. plans to join at least five peers to sue the US natural gas exporter Venture Global LNG Inc without performing contracts.
Bloomberg News on Wednesday (October 11) quoted a person who had no right to speak publicly that Sinopec was preparing to arbitration in London's contracts that did not perform the supply of liquefied natural gas on Venture Global.
According to reports, companies such as British energy industry giants, Spain's Reiposor and Italian public institutional company Edison have previously brought Venture Global to court.
Bloom Bond's bond issuance materials show that it has helped Venture Global to build a Calcasieu Pass in Louisiana.The total amount of non -payment bills reached $ 180 million (about S $ 245 million).The amount signed by the above company and Venture Global is about $ 2 billion.
Although Venture Global launched the Carlk Su Channel Factory in the past two years ago, it did not issue a batch of units based on long -term contracts.Conversely, the company has always sold liquefied natural gas based on the spot price, because the operating issue causes it to not provide comprehensive services.Edison said that Venture Global currently plans to fully invest in commercial operations from the end of 2024.
The above -mentioned contract disputes occurred in European buyers to expect the United States to replace natural gas from Russia during the Russia and Ukraine War.The global natural gas market is also affected by the conflict between Israel and Hamas, which has been closed in the offshore oil fields in the country, and pipeline leaks connecting Finland and Estonia.
The report quoted European diplomats that the European customers of Venture Global put pressure on their respective government and the European Union, hoping that they were involved in the contract dispute.
European diplomats said that when the European Commission Vice Chairman Marossefcovic met with US energy officials when he went to Washington in February this year, he expressed his concern for the delegation of Venture Global.The EU Energy Director also contacted the Ministry of Energy.
