International Chamber Of Commerce Informed Kosmos Energy That Final Award Had Been Issued In Arbitration Proceedings With BP Gas Marketing - Filing
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Kosmos Energy received a final award in arbitration with BP Gas Marketing, prohibiting LNG sales to third parties during the contract term. The award does not impact the company's long-term financial outlook.
October 08, 2024 | 10:38 am
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Kosmos Energy is prohibited from selling LNG cargos to third parties during the contract term with BP Gas Marketing. This arbitration outcome does not affect the company's long-term financial outlook.
The arbitration decision restricts Kosmos Energy from selling LNG to third parties, but it does not alter the existing terms of the LNG sales agreement or affect the company's long-term financial condition. Therefore, the short-term impact on the stock price is neutral.
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