GAIL India is seeking compensation from Gazprom Marketing and Trading Singapore after the latter reneged on a commitment to supply fully contracted liquified natural gas (LNG) last year. GAIL Chairman SK Gupta has said the company has filed for arbitration in London, stating, “We have nominated our arbitrator. We are pressing for specific performance (of the contract) and to claim damages”. Though supplies have resumed with GAIL receiving the contracted quantity, it has decided to pursue legal action.from Energy-Industry-Economic Times https://ift.tt/3geNk7P
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