FILE PHOTO: American flags are displayed on screens on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., September 22, 2025. REUTERS/Jeenah Moon/File Photo
VIRGINIA: Venture Global shares have plunged nearly 25% last Friday to their lowest level in five months after it lost an arbitration case with BP over the US liquefied natural gas (LNG) exporter’s failure to deliver on a long-term gas supply contract, stoking worries of similar verdicts in disputes with other customers seeking billions of dollars in compensation.
The ruling was a surprise after Venture Global’s recent arbitration win against Shell.
