Venture Global Strikes Back at Shell in LNG Arbitration Case
Market Intelligence Analysis
AI-PoweredVenture Global has responded to Shell's appeal in an LNG arbitration case, denying any wrongdoing and claiming Shell has no evidence to support its allegations.
Market impact analysis based on bullish sentiment with 80% confidence.
Article Context
Venture Global has claimed Shell has no evidence of Venture Global being involved in any wrongdoing, following the supermajor’s submission of an appeal to an earlier court ruling, in which the court sided with the U.S. LNG producer. In its challenge to the first ruling, Shell referred to a third party that had testified that Venture Global had unexpectedly decided to postpone the commissioning of its second LNG facility, Reuters reported, citing the U.S. company’s statement. The supermajor also alleged that Venture Global had made misleading…
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