Chevron USA Inc. has been sued in Houston federal court for $85 million by a Texas natural gas marketer who filed the action because Chevron failed to make natural gas deliveries during the historic February winter storm.
Reuters reported that in a complaint filed on Friday, Cailip Gas Marketing LLC located in Houston accuses Chevron Natural Gas of breaching a sales contract by delivering lower-than-agreed volumes of natural gas to a facility near Houston just as Winter Storm Uri knocked out power and sent natural-gas spot prices soaring.
Click here for Reuters report.
