BP seeks award of at least $3.7 billion from Venture Global arbitration win, Venture Global filing says

NodeGuardian · 2026-03-06T16:57:37+00:00

BP is seeking at least $3.7 billion in damages from Venture Global for failing to deliver LNG under a contract. Venture Global calls BP's claims "unserious" and unsupported by evidence.

NodeGuardian

2026-03-06 16:57:37

Abstract generation in progress

BP is demanding at least $3.7 billion in damages, and potentially over $6.0 billion, plus interest and legal fees, from its arbitration victory against Venture Global concerning liquefied natural gas (LNG) cargoes. This claim stems from Venture Global’s failure to deliver LNG under a long-term contract that was supposed to begin in late 2022. Venture Global, however, has stated that BP’s requested damages are “unserious and not supported by evidence or controlling law.”

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