Market Chatter: Venture Global Affirms Commitment to Supply Contracts Amid Client Concerns Over Deliveries

MT Newswires Live

10/17

Venture Global (VG) has affirmed its commitment to complete contractual obligations in response to clients' accusations that it plans to sell liquefied natural gas cargoes on spot markets instead of fulfilling supply deals, the Financial Times reported Thursday.

The FT said Venture Global wrote to its clients to confirm its commitment.

Clients' concerns stem from previous instances, where Venture Global sold LNG cargoes on spot markets before declaring a facility operational and instead of prioritizing contract deliveries, according to the report.

Venture Global did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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