Chevron is concerned about a potential delay in the startup of Venture Global’s second LNG plant, fearing it may impact delivery plans under a long-term contract. Venture Global seeks to push back the commissioning of Plaquemines LNG by a year due to Covid-related work disruptions, with a capacity of 27.2 million tons per year.

Venture Global assures that the extension request for Plaquemines LNG will not affect commercial operations dates, but Chevron worries about possible delays similar to other energy companies like BP and Shell. Court cases against Venture Global seek over $4 billion in damages, warning of contract cancellations and loan repayments.

Chevron’s move to seek clarity on future deliveries from Plaquemines LNG is strategic given the ongoing legal battles and potential risks associated with delays in LNG production. The company states a substantial interest that could be impacted by the outcome of the regulatory proceedings.

Read more at Yahoo Finance: Chevron Wants to Weigh In on the Launch of Venture Global’s New LNG Plant