Finance
Shell CEO Sawan expects progress in Venture Global arbitration in coming months
Published by Global Banking & Finance Review®
Posted on March 25, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 25, 2025
1 min readLast updated: January 24, 2026
Shell CEO Wael Sawan anticipates updates on the arbitration with Venture Global in the coming months, affecting major oil and gas producers.
(Reuters) - Shell CEO Wael Sawan said on Tuesday he expects to have updates from the arbitration process with Venture Global in the coming months.
Venture Global's failure to move to commercial operations years after it started selling superchilled gas on the spot market led to contract arbitration cases brought by some of the world's top oil and gas producers, including BP, Shell, Italy's Edison and Orlen and Repsol.
Venture Global, whose $58 billion market debut fell short of high expectations in January, began generating proceeds in 2022 with its Calcasieu Pass facility.
Sawan during Shell's capital markets day in New York City said that Venture Global has already delivered 400 cargoes from its Calcasieu Pass project.
(Reporting by Arunima Kumar and Shadia Nasralla in Bengalulru and Stephanie Kelly in New York)
The article discusses Shell CEO Wael Sawan's expectations for progress in the arbitration process with Venture Global.
Venture Global failed to move to commercial operations, leading to disputes with major oil and gas producers.
Calcasieu Pass is a facility by Venture Global that has delivered 400 cargoes, despite not meeting initial market expectations.
Explore more articles in the Finance category
