Venture Global surges after NY court rejects Shell bid to overturn arbitration

Shares of U.S. LNG company Venture Global VG.N up ~9% at $12.40 premarket

A New York state judge on Monday rejected British oil major Shell's SHEL.L request to throw out at arbitration award that favored VG in a dispute over the American company's alleged improper sale of liquefied natural gas

Justice Joel Cohen of the state Supreme Court says no additional evidence-gathering was warranted, and the court owed "substantial deference" to arbitral decisions

VG's adjusted core profit for Q4 nearly tripled due to higher LNG sales volumes at the Plaquemines project in Louisiana

Co says Q4 adjusted core profit rose 191% o $2 billion

As of last close, VG up 66.8% YTD