Exclusive-How BP won its $1 billion-plus case against Venture Global

By Stephanie Kelly, Marwa Rashad, Curtis Williams and Francesca Landini

LONDON (Reuters) -Oil major BP won its $1 billion-plus arbitration case against liquefied natural gas producer Venture Global with an argument of unfair behaviour by the U.S. company, said five sources close to the matter, shedding light on strategy that could be used by claimants in parallel cases.

BP won its case in October, two months after rival Shell lost a similar case when it failed to prove that Venture Global broke its long-term LNG contracts. Shell did not push the argument of unfair behaviour in its arbitration, the sources said.

Lawyers across the industry have been chasing details of BP’s winning strategy as four other companies seek billions of dollars from Venture Global, legal and industry experts sa