Published on 12 Dec 2023 on Zacks via Yahoo Finance
BP Questions US Regulator's Venture Global LNG Oversight
BP plc BP has urged U.S. energy regulators to step in amid an intensifying conflict with Venture Global LNG, a U.S. natural gas exporter.
BP alleges that Venture Global is violating FERC disclosure rules and operating opaquely, affecting long-term customers.
Venture Global, a key U.S. LNG gas exporter since early 2022, has sold more than 200 gas cargoes independently, neglecting long-term contract customers like BP. These customers claim to have lost billions in revenue.