A London court has ordered Nigeria LNG to pay $380 million in compensation to trading firms Vitol and Glencore.
This ruling follows a legal battle initiated by Taleveras, a trading company that had agreements to receive liquefied natural gas cargoes from NLNG.
According to a Reuters report citing court documents, a London court ordered NLNG to compensate Vitol and Glencore for failing to deliver contracted LNG cargoes.