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Venture Global, Inc. says it got a partial final ruling about a contract issue.

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Bad for VG

Venture Global faces a damaging arbitration finding because most of the panel said its project company declared commercial operations late. Possible payments are capped at $170 million, and the Galp contract continues, but those limits do not erase the legal setback.

VG · Venture Global, Inc.

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That finding creates a risk of a payment after a damages hearing, which is expected in 2027 or 2028. A contract cap limits how large that payment can be. The Galp contract remains in place, and 20 cargoes have been delivered. One arbitrator dissented, and Venture Global says earlier Shell and Repsol cases support its position. Those facts soften the setback but do not erase the ruling against its project company.

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