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flag GAIL (India) settles $1.817 billion LNG dispute with SEFE for $285 million.

flag 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. flag The dispute was over the non-delivery of liquefied natural gas (LNG) under a long-term contract, leading GAIL to seek compensation. flag The settlement includes SEFE paying $285 million and both parties withdrawing from arbitration.

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