BP seeks 3.7 billion dollars after arbitration victory

BP seeks damages between 3.7 billion and 6 billion dollars after winning an arbitration case against Venture Global. The claim includes interest and legal fees.

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The BP logo is seen at the company's booth during the LNG 2023 energy trade show in Vancouver, Canada, in July 2023. REUTERS/Chris Helgren/File Photo

The British energy firm BP is moving to secure a financial award of at least $3.7 billion following an arbitration victory against Venture Global, Inc.. The legal dispute, which centers on the delivery of liquefied natural gas (LNG) cargoes, was detailed in a recent annual report released by the exporter.

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