Portuguese energy firm Galp does not expect a decision in its arbitration proceedings with US LNG exporter Venture Global LNG before 2026, according to co-CEO Joao Marques da Silva.
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US LNG exporter Venture Global expects resolution of the next arbitration case over LNG sales from its Calcasieu Pass plant in Louisiana by the end of this year, according to CEO Mike Sabel.
US LNG exporter Venture Global reported revenue of $4.58 billion in the second quarter of this year, a 47.6 percent rise from the year before, while its net income surged 266 percent year-on-year to $1.35 billion.
US energy services firm Baker Hughes said it had secured a “major” order from compatriot LNG exporter Venture Global LNG to provide a liquefaction solution for its CP2 LNG expansion project in Louisiana.