London Court Awards $380m Against NLNG For Breach of Contract
LAGOS FEBRUARY 26TH (NEWSRANGERS)-A London court has awarded a $380 million judgment against the Nigerian Liquefied Natural Gas (NLNG) for non-delivery of cargoes to trading houses Vitol and Glencore. The court awarded $260 million in compensation to Vitol, and $120 million to Glencore. The case heard in London’s High Court and Court of Appeal is…