Venture Global expects to win other LNG cases after prevailing against Shell

[Digitally Generated Image of LNG Tanker Navigating Coastal Waters Representing Maritime Energy Transport]
alvarez/E+ via Getty Images

Venture Global (NYSE:VG [https://seekingalpha.com/symbol/VG]) +10.7% in Wednesday's trading a day after winning its arbitration case [https://seekingalpha.com/news/4484334-venture-global-wins-arbitration-case-against-shell-in-lng-contract-dispute] with Shell related to the timing of contractual shipments of liquefied natural gas from its Calcasieu Pass plant in Louisiana, more than three years after the project began exporting the fuel.

Venture Global (NYSE:VG [https://seekingalpha.com/symbol/VG]) CEO Mike Sabel said the company expects to win its remaining arbitration cases [https://www.reuters.com/legal/litigation/venture-global-lng-expects-win-remaining-arbitration-cases-against-major-energy-2025-08-13/] in similar contract disputes with several oil and gas producers including BP, Galp Energia and Repsol.

The companies accused Venture Global (VG [https://seekingalpha.com/symbol/VG]) of profiteering by selling commissioning cargoes at higher prices on the spot market, rather than lower prices set under long-term contracts, which was denied by Venture Global, saying it delayed moving to commercial operations because of a faulty electric system that did not allow the plant to operate optimally.

"We remain confident of similar outcomes in the balance because it's the same contracts and facts around construction, and the facts around the completion of the facility are all the same," Sabel said on the company's earnings conference call.

Venture Global (VG [https://seekingalpha.com/symbol/VG]) said in April that it had completed the commissioning phase at Calcasieu Pass and would start supplying fuel to its long-term customers, and "we consistently honored agreements without exception," Sabel said on the call.

Venture Global (VG [https://seekingalpha.com/symbol/VG]) expects to pass Cheniere Energy as the largest LNG company in North America by 2027 and plans to produce more than 100M metric tons of the fuel by 2030, Sabel said.

CP2, the company's third project now under construction, is expected to produce its first LNG in late 2027 and achieve commercial operations in Q3 2029, but CFO Jonathan Taylor said cost estimates for CP2's phase 1 and phase 2 were raised to $28.5B-$29.5B from previous guidance of $27B-$28B, as supply chain inflation and uncertainty on tariffs are affecting the project.

MORE ON VENTURE GLOBAL

* Hot Demand, Cold Reality: The LNG Balancing Act At Venture Global [https://seekingalpha.com/article/4813157-hot-demand-cold-reality-the-lng-balancing-act-at-venture-global]
* Venture Global: Huge Growth Not Fully Priced In, However, With Some Important Risks [https://seekingalpha.com/article/4812941-venture-global-huge-growth-not-fully-priced-in-however-with-some-important-risks]
* Venture Global: Rapidly Closing The Valuation Gap With Cheniere [https://seekingalpha.com/article/4792884-venture-global-rapidly-closing-the-valuation-gap-with-cheniere]