Venture Global and Edison Announce Calcasieu Pass Arbitration Settlement

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lng technical

Liquefied natural gas (LNG) is natural gas that has been cooled into a liquid so it takes up far less space for transport and storage, like turning a bulky bundle into a compact package for shipping. Investors care because LNG enables gas trade across regions without pipelines, so changes in production, export capacity, shipping, or demand can quickly affect energy company revenues, infrastructure operators and commodity prices, amplifying both opportunity and risk.

adriatic lng terminal technical

An Adriatic LNG terminal is a large coastal facility that receives liquefied natural gas (LNG) by ship, stores it at very low temperature and converts it back into gas for delivery into regional pipelines and fuel markets. For investors, such a terminal is an energy infrastructure asset whose capacity, operating costs and geopolitical location affect regional gas supply, prices and the revenue potential or risk profile of companies involved—think of it as a port and refilling station for gas.

03/26/2026 - 04:15 PM

ARLINGTON, Va. & MILAN--(BUSINESS WIRE)-- Today, Venture Global and Edison jointly announced the signature of a commercial agreement for the settlement of the pending arbitration between the two companies concerning the Calcasieu Pass project.

Completion of the settlement is expected by the end of Q2 2026, at which point the arbitration will be terminated. The agreement fully resolves the arbitration in its entirety. As part of the settlement, Edison and Venture Global have also agreed to the delivery to Europe of additional cargoes beyond those envisaged under the long-term contract, to support gas supplies primarily to the Italian market. The first delivery is scheduled for May 2026, in Italy, at the Adriatic LNG Terminal.

The agreement represents a significant step in strengthening commercial cooperation between the parties and it establishes a foundation for further future deliveries in the context of the disruption caused by ongoing geopolitical events.

Both parties welcome this agreement, as it further consolidates long‑term deliveries and enhances the commercial partnership between Venture Global and Edison which is an important foundational customer of the Calcasieu Pass project. The parties look forward to continuing to work together to pursue Venture Global’s mission of stabilizing global LNG/gas markets and to further consolidate Edison’s role in guaranteeing the stability and security of Italy’s energy supply.