Finance
Shell ordered to pay Venture Global's legal fees after arbitration loss
Published by Global Banking & Finance Review®
Posted on November 15, 2025
1 min readLast updated: January 21, 2026
Quick Summary
Shell must cover Venture Global's legal fees after losing an LNG arbitration case, impacting market dynamics and contract disputes.
Venture Global Secures Legal Fees from Shell After Arbitration Defeat
Impact of Arbitration on LNG Contracts
(Reuters) -Venture Global said on Friday that following Shell’s recent loss in arbitration over liquefied natural gas (LNG) supply claims, an International Chamber of Commerce panel has issued an award ordering Shell to pay its legal fees.
Venture Global's Restoration Efforts
"Venture Global looks forward to putting these proceeds toward our coastal restoration efforts along the Gulf of America," a company spokesperson said, referring to the Gulf of Mexico.
Shell's Legal Challenges
Earlier this week, Reuters reported that Shell challenged its defeat in the New York Supreme Court, weeks after rival BP won a similar arbitration worth more than $1 billion.
Market Dynamics Post-Arbitration
Both cases centered on Venture Global's failure to deliver LNG under long-term contracts while selling cargoes on the spot market as prices surged after Russia's 2022 invasion of Ukraine.
(Reporting by Ashitha Shivaprasad in Bengaluru; Editing by Leslie Adler and Tom Hogue)
Key Takeaways
- •Shell must pay Venture Global's legal fees after arbitration loss.
- •The arbitration involved LNG supply claims.
- •Venture Global plans to use funds for Gulf restoration.
- •Shell is challenging the decision in New York Supreme Court.
- •Market dynamics affected by LNG contract disputes.
Frequently Asked Questions about Shell ordered to pay Venture Global's legal fees after arbitration loss
1What are liquefied natural gas (LNG) contracts?
Liquefied natural gas (LNG) contracts are agreements for the sale and purchase of LNG, which is natural gas that has been cooled to a liquid state for easier storage and transport.
2What is the role of the International Chamber of Commerce?
The International Chamber of Commerce (ICC) is a global organization that promotes international trade and investment, providing arbitration and dispute resolution services to businesses worldwide.
