Exxon and Macquarie in $11.7 Million US Lawsuit Over Broken Gas Contract During Texas Freeze

Exxon and Macquarie in $11.7 Million US Lawsuit Over Broken Gas Contract During Texas Freeze
A logo of Exxon Mobil is displayed on a monitor above the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., December 5, 2017. REUTERS/Lucas Jackson - RC17B6EE3C30
Reuters
Updated:

HOUSTON—Exxon Mobil Corp is suing Australia’s Macquarie Energy in a Texas court to avoid paying $11.7 million for missed deliveries during last month’s winter freeze in the central United States.

The lawsuit, filed by Exxon’s natural gas business, said the massive storm and state declarations of emergencies prevented it from fulfilling its supply commitment to Macquarie Energy, the second largest U.S. gas marketer.