A London court has ruled that Nigeria LNG Limited must pay $380 million to global commodity traders Vitol and Glencore over undelivered cargoes. The ruling, announced on February 25, 2025, is the result of a long-standing dispute concerning contractual obligations and supply disruptions. According to a report by Reuters, the London Court of International Arbitration found Nigeria LNG, a joint venture between the Nigerian National Petroleum Company Limited (NNPC Limited), Shell, TotalEnergies, and Eni, in breach of contract for failing to deliver LNG cargoes to Vitol and Glencore. The dispute…
Read MoreLONDON COURT FINES NIGERIA LNG $380M OVER BREACH OF CONTRACT
