BP Triumphs Over Venture Global in LNG Supply Arbitration Case

Key Takeaways BP wins arbitration against Venture Global over LNG supply contract obligations.The tribunal found VG breached its contract by not declaring Calcasieu Pass operational.A 2026 hearing will decide BP's compensation, while VG reviews its appeal options.BP plc (BP) , the British oil and gas giant, has recently secured a win in an arbitration proceeding against Venture Global Inc. (VG) over the latter’s failure to supply liquefied natural gas (LNG) shipments under a long-term contract between the t ...