Repsol CEO Vows Legal Action to Secure LNG Cargoes in Dispute with Venture Global
10/18/2023
(Reuters) — Spanish energy giant Repsol SA will take action against US gas exporter Venture Global LNG to obtain LNG cargoes under a long-term contract, the company's chief executive said on Wednesday.
Repsol is among several Venture Global LNG customers that filed contract arbitration cases against the U.S. firm over its failure to make contract cargoes available from its Calcasieu Pass, Louisiana, plant, Reuters has reported.
"We are going to defend our legal rights," CEO Josu Jon Imaz said on the sidelines of the Energy Intelligence Forum in London. It was the first time the Spanish company has said it is considering court action to obtain the LNG cargoes.
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Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
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