litigation
confidence high
sentiment neutral
materiality 0.40
ICC final award prohibits Kosmos from selling GTA LNG to third parties until 2033
Kosmos Energy Ltd.
- International Chamber of Commerce issued final binding award on Oct 7, 2024 in arbitration with BP Gas Marketing.
- Award prohibits Kosmos from selling LNG cargoes from Greater Tortue Ahmeyim to third-party buyers during contract term.
- Kosmos has an option to end the LNG sales agreement in 2033; award does not change current performance terms.
- Company expects no impact on long-term expectations or financial condition from the award.