rawpixel
In the email, Seibel and Pender criticized Shell's "reckless" decision to appeal a recent arbitration court ruling that had ruled in favor of Venture Global.
The letter, obtained by the newspaper, states that Shell's actions are based on "absolutely unfounded claims" and are part of a "three-year campaign" to harm Venture Global. The letter adds that such behavior should be a serious concern for Shell's employees, board of directors, and shareholders.
The co-founders also highlighted the company's recent success in securing $28 billion in LNG supply agreements with Japan, Greece, and Spain. They expressed confidence that Venture Global will become the largest LNG supplier in the world.
It is noted that some of Venture Global's major clients, including Shell and BP, have previously sued the company, alleging that it violated long-term contract terms by selling LNG meant for them at higher prices on the spot market.
source: ft.com
The letter, obtained by the newspaper, states that Shell's actions are based on "absolutely unfounded claims" and are part of a "three-year campaign" to harm Venture Global. The letter adds that such behavior should be a serious concern for Shell's employees, board of directors, and shareholders.
The co-founders also highlighted the company's recent success in securing $28 billion in LNG supply agreements with Japan, Greece, and Spain. They expressed confidence that Venture Global will become the largest LNG supplier in the world.
It is noted that some of Venture Global's major clients, including Shell and BP, have previously sued the company, alleging that it violated long-term contract terms by selling LNG meant for them at higher prices on the spot market.
source: ft.com