Venture Global, Inc. (VG) saw its stock surge 5.05% in Tuesday's trading session, driven by a series of positive developments that overshadowed ongoing legal challenges. The company's shares closed at $77.36, marking a significant gain amid a generally positive day for energy stocks.

The primary catalyst for the stock's upward movement was the announcement of a new long-term liquefied natural gas (LNG) supply agreement with Japan's Mitsui & Co. Under the 20-year contract, Mitsui will purchase 1.0 million tonnes per annum of LNG from Venture Global, with deliveries scheduled to commence in 2029. This deal represents Venture Global's third long-term contract with a Japanese firm, bringing its total contracted volume in 2025 to an impressive 6.75 million tonnes per year. The agreement underscores the growing global demand for LNG and Venture Global's strengthening position in the market.

Additionally, Venture Global's stock benefited from reports of robust third-quarter earnings, although specific details were not disclosed. The company's CEO, Mike Sabel, expressed confidence in Venture Global's financial position during an earnings call, stating that the company has sufficient cash to weather any potential arbitration decisions and ensure uninterrupted growth. This positive outlook, combined with the new Mitsui deal, appeared to outweigh concerns stemming from ongoing legal disputes with Shell and other energy giants over LNG delivery obligations.

The stock's strong performance came despite news that Shell is challenging its earlier arbitration loss to Venture Global in the New York Supreme Court. Shell alleges that Venture Global withheld crucial evidence during the arbitration process regarding the delayed commercial start of operations at its Calcasieu Pass LNG plant. However, investors seemed more focused on Venture Global's expanding contract portfolio and potential for future growth in the LNG market.