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GAIL (India) settles $1.817 billion LNG dispute with SEFE for $285 million.
GAIL (India) Ltd, a state-owned gas company, settled a $1.817 billion claim against a former Gazprom unit, SEFE Marketing & Trading Singapore, for $285 million.
The dispute was over the non-delivery of liquefied natural gas (LNG) under a long-term contract, leading GAIL to seek compensation.
The settlement includes SEFE paying $285 million and both parties withdrawing from arbitration.
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GAIL (India) resuelve disputa de $1.817 mil millones de GNL con SEFE por $285 millones.