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0.00116279069767439 0.00116279069767439 0.00232558139534879 0.00813953488372075 0.00813953488372075 0.00581395348837197 0.00290697674418588 0.00581395348837197
Stock impact report

Arbitration rules in favour of BP as sole buyer of Kosmos Energy's Senegal LNG project [Yahoo! Finance]

Kosmos Energy Ltd. Common Shares (DE) (KOS) 
Last kosmos energy ltd. common shares (de) earnings: 2/24 02:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
LONDON (Reuters) - Kosmos Energy said on Tuesday a Paris-based arbitrator has ruled in favour of BP, prohibiting Kosmos from selling to third parties liquefied natural gas from the Greater Tortue (GTA) project offshore Senegal and Mauritania. LNG is key to BP's strategy and broader energy transition plan. The energy major has managed to establish a significant LNG portfolio across the world including Sub-Saharan Africa, which is set to become a significant source of LNG exports with Nigeria, Angola, Cameroon and Equatorial Guinea already shipping large volumes. Last year, Kosmos Energy, a U.S.-listed oil and gas exploration company, and BP Gas Marketing, a BP subsidiary, sought arbitration from the International Chamber of Commerce over planned LNG sales from Phase 1 of the GTA project. The chamber informed Kosmos Energy Ltd that a final, binding award prohibits it from selling LNG cargos to third parties during the contract term of the LNG sales agreement, which has an option Show less Read more
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