Venture Global jumps on Shell arbitration win

** LNG company Venture Global VG.N rises 10.3% to $13.44

** Tribunal sides with VG in legal battle against Shell SHEL.L over cargo delivery from the Calcasieu Pass export facility; Shell had accused VG of favoring spot sales over contract obligations

** Ruling removes a major overhang on the stock and market may see it as a baseline for other pending arbitration cases, UBS analyst Manav Gupta says

** The decision of the tribunal is in keeping with Venture Global's position that it has always honored its agreements with its customers - VG

** As of last close, VG down more than 49% since it went public in January