Reuters SG
Portuguese oil company Galp Energia has no plans to make further purchase deals with U.S. liquefied natural gas developer Venture Global LNG, Rodrigo Vilanova, a member of its executive committee, told Reuters on Thursday. Galp, which signed a 20-year contract in 2018 with Venture Global for 1 million metric tons of LNG supplies per year, is among several companies that have complained it has failed to supply fuel under long-term contracts, even as it has shipped at least 190 cargoes to non-contract customers. "Galp will vigorously protect its contractual rights, including appropriate legal proceedings under the contract," Vilanova said in an interview at the Gastech conference in Singapore.