10:47 AM EDT, 10/10/2025 (MT Newswires) -- Venture Global ( VG ) losing an arbitration with BP (BP) unit BP Gas Marketing over a long-term liquified natural gas supply contract is "certainly" a negative outcome for the US LNG exporter, Deutsche Bank said in a Friday research note.

The ruling by the International Court of Arbitration is surprising, given the company's recent arbitration win over Shell (SHEL), analysts wrote.

While arbitration outcomes do not set official "legal precedent" like common law courts, there is a risk of negative outcomes in ongoing arbitration hearings, according to the note.

"We will likely review our model upon earnings and when more information is available regarding the potential impact of the negative arbitration outcome," according to the brokerage.

BP is seeking damages of over $1 billion, as well as interest costs and attorney fees. The hearing related to damages will likely not occur until 2026, the brokerage stated.

Deutsche Bank had a buy rating on the stock with a price target of $17 per share.

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