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  1. Urgency level L2 DowngradedEnergy

    Arbitration tribunal finds Venture Global breached Galp LNG contract

    Venture Global disclosed on October 8 that an arbitration tribunal found its Calcasieu Pass unit breached a long-term LNG contract with Portugal's Galp by failing to declare commercial operations on time. Damages remain unresolved and a contractual aggregate seller liability cap of $170 million applies, according to the company.