Venture Global Resolves Arbitration with Shell, Faces BP Arbitration Ruling

Summary

Venture Global, Inc. has reached a resolution with a post-COD SPA customer related to an arbitration proceeding concerning the Calcasieu Pass facility, which has no material impact on the Company. However, a partial final award was issued in the arbitration proceedings with BP regarding LNG sales from the Calcasieu Project. The award found that Venture Global Calcasieu Pass, LLC had breached certain obligations under the SPA, with remedies to be determined in a separate damages hearing anticipated in 2026. The Company is evaluating its options in response to the tribunal's ruling.