Shell (SHEL) is challenging its defeat in an arbitration case against Venture Global (VG) in the New York Supreme Court, weeks after rival BP (BP) won a similar $1B-plus arbitration, according to a legal filing seen by Reuters, Francesca Landini and Stephanie Kelly report. The arbitration cases were over Venture Global’s failure to deliver liquefied natural gas under long-term contracts while selling on the spot market as prices soared after the outbreak of the war in Ukraine.
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