BUZZ-Venture Global rises as co settles arbitration dispute with Italy's Edison

** Shares of U.S. LNG company Venture Global VG.N rise 1.9% to $17.1 premarket

** Co and Edison EDNn.MI say they have agreed to settle a long-running arbitration dispute over claims that the U.S. LNG exporter failed to deliver contracted shipments to the Italian firm

** "The agreement fully resolves the arbitration in its entirety," they said

** Completion of the settlement is expected by the end of Q2 2026, at which point the arbitration will be terminated

** VG will supply Edison with additional LNG cargoes to Europe, mainly Italy, with the first delivery due in May 2026 at the Adriatic LNG terminal

** VG has now concluded 5 of the 7 arbitrations against them, with two wins, one loss and two settlements

** War in the Middle East has left the global market structurally short LNG and "in this context, VG is well positioned to play a critical role in bridging supply gaps and supporting customers facing contractual shortfalls" - says UBS analyst Manav Gupta

** "We see the potential for Galp and Orlen to enter into settlement or supply arrangements with VG to ensure access to LNG" - Gupta adds

** Up to last close, VG up 146.6% YTD

(Reporting by Varun Sahay in Bengaluru)

((Varun.sahay@thomsonreuters.com))