Venture Global (VG) CEO says BP (BP/ LN) has raised the quantum of its damages claim in its arbitration case

• Can increase peak production from its plaquemines and CP2 plants from 28mln metric tonnes per annum to 35mtpa.
• Venture Global has the largest amount of LNG cargoes available and is ready to help stabilise LNG markets in the midst of Qatar LNG challenges.

This update from Venture Global sheds light on its position in the LNG market and highlights an escalating claim from BP in their arbitration. The ability to increase LNG production significantly may position Venture Global favorably, particularly as it seeks to stabilize markets affected by disruptions elsewhere. Watch for potential impacts on LNG pricing and BP's operations as the arbitration unfolds.