https://www.wsj.com/business/energy-oil/venture-global-ipo-e653994c?mod=rss_markets_main
The IPO is an eye-catching public entrance for Venture Global, a scrappy startup just a few years ago. After Russia’s invasion of Ukraine, the company sold dozens of LNG cargoes to gas-starved Europe, which allowed it to leapfrog rivals, pocket billions of dollars and invest in new terminals.
Venture Global’s meteoric rise has been clouded by controversy. BP, Shell and other early customers who contracted for Venture Global’s LNG have accused the company of enriching itself at their expense by withholding the fuel—and instead selling it on the spot market. The companies, which are in some cases both customers and competitors of Venture Global, are pursuing billions of dollars through arbitration.