Venture Global (VG) LNG Supply and Customer Trust Misrepresentation Case

• $VG investors filed a lawsuit against Venture Global, alleging the company misled shareholders about its ability to secure long-term LNG supply contracts and maintain strong customer relationships.

• On February 5, 2025, TotalEnergies rejected a long-term LNG contract with Venture Global, citing a lack of trust. Following this news, $VG stock dropped 11.2%.

• $VG investors can join this case to be notified about potential recovery.

Between January 24, 2025, and February 5, 2025, Venture Global promoted its "design one, build many" LNG production model, claiming it allowed the company to deliver liquefied natural gas (LNG) faster and at a lower cost than competitors. The company assured investors that its expansion projects in Louisiana were well-supported by long-term customer contracts.

However, Venture Global failed to disclose serious customer trust issues. On February 5, 2025, TotalEnergies CEO Patrick Pouyanne publicly rejected a long-term LNG supply contract from Venture Global, stating that the company was not trustworthy and raising concerns about its pricing practices. Pouyanne also cited tensions between Venture Global and major energy firms like BP and Shell, which were involved in legal disputes over delayed LNG shipments.

Following this news, $VG stock dropped 11.2%.

Based on these events, $VG investors filed a lawsuit against Venture Global, claiming the company:

• It misled investors about its ability to secure long-term LNG supply contracts.

• It downplayed the risks of customer distrust and legal disputes with major energy companies.

Investors believe Venture Global misrepresented its business stability and customer relationships.