Morgan Stanley double-upgrades Venture Global to Overweight after damage to Qatar’s Ras Laffan LNG plant creates a global supply shortfall and upside price risks. It also upgraded Cheniere Energy.
Iran's missile strikes cause extensive damage to Qatar's Ras Laffan LNG hub (20% of world supply). Prices soar, Europe & Asia brace for shortages through 2026.
QatarEnergy stops output at the world's biggest LNG plant following Iranian drone strikes on Ras Laffan facility. European gas prices surge 40%, threatening energy security amid Middle East tensions.
Venture Global forecasts 2026 adjusted EBITDA $5.2–5.8B, missing Wall Street views due to storm impact. New Trafigura deal signed; shares rise 9%.
Venture Global secures complete victory in ICC arbitration with Repsol over LNG contract dispute, with tribunal ruling company acted properly in all aspects.
Shell appeals arbitration defeat against Venture Global LNG, claiming withheld evidence, after losing case over undelivered gas contracts worth billions during Ukraine war price surge.
