Vitol, Glencore win $380m in Nigerian LNG lawsuit

VITOL and Glencore are set to receive $380 million in compensation after winning a legal dispute over non-delivery of LNG cargoes against Nigeria’s sole liquefied natural gas (LNG) producer, according to court documents seen by Reuters. The case, which was heard in London’s High Court and Court of Appeal, involved a legal challenge by Taleveras, the … Read more