Venture Global, Inc. 8-K

What Happened
On January 21, 2026 Venture Global, Inc. disclosed that the ICC International Court of Arbitration issued a final award in the arbitration between Venture Global Calcasieu Pass, LLC (VGCP) and Repsol LNG Holding, S.A. The tribunal found VGCP acted as a “Reasonable and Prudent Operator” under the long‑term SPA and denied Repsol’s claims in their entirety. The award also granted fees to VGCP. The dispute concerned LNG sales from the Calcasieu Project and VGCP’s declaration of commercial operation date (COD) on April 15, 2025.

Key Details

• Parties: Venture Global Calcasieu Pass, LLC (VGCP), an indirect subsidiary of Venture Global, vs. Repsol LNG Holding, S.A.
• Tribunal & date: ICC International Court of Arbitration final award communicated January 21, 2026.
• Ruling: Tribunal found VGCP met the SPA standard of a “Reasonable and Prudent Operator,” denied all of Repsol’s claims, and awarded fees to VGCP.
• Context: VGCP declared COD on April 15, 2025; the company notes multiple arbitral rulings have affirmed VGCP’s contract performance.

Why It Matters
This award removes a major legal challenge to the Calcasieu Project by rejecting Repsol’s claims and awarding fees to VGCP, supporting the company’s position that it honored its long‑term contract terms. The filing also references its 2024 Form 10‑K risk disclosure that adverse arbitration outcomes could have required substantial payments, contract terminations, or acceleration of project debt—risks that this ruling reduces for this specific dispute. For investors, the result lowers near‑term litigation uncertainty around the Calcasieu asset and may be positive for project stability and contractual cash‑flow expectations.