Venture Global wins arbitration case brought by Spain's Repsol
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Venture Global has won an arbitration case against Spain's Repsol regarding the failure to deliver liquefied natural gas from its Calcasieu Pass project. This ruling marks the second victory for Venture Global in three arbitrations against major LNG exporters. Following the announcement, Venture Global's shares surged by 17% in post-market trading. The company maintains it has honored its contracts and is confident in winning remaining cases, despite ongoing legal challenges from other companies. Repsol is currently reviewing the tribunal's decision for next steps.
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