A Texas natural gas marketer has sued a unit of Chevron USA Inc in Houston federal court, asking for nearly $85 million from the oil giant for failing to make natural gas deliveries during a deep freeze across the state in February.
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.
Chevron did not immediately provide a comment. The complaint says that the San Ramon, California-based company has said force majeure excused the missed and incomplete deliveries.
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