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about 7 months ago

$4 billion LNG lawsuit going ahead as arbitration starts

Sinolam International, a Singapore-based investment company focused on oil, gas, and power investments in emerging markets in Asia and Latin America, has decided to move forward with a lawsuit related to Panama’s liquefied natural gas (LNG)-to-power market by submitting an arbitration request under

3 minutes read
Illustration; Courtesy of AES Panama
Illustration; Courtesy of AES Panama

Sinolam International, a Singapore-based investment company focused on oil, gas, and power investments in emerging markets in Asia and Latin America, has decided to move forward with a lawsuit related to Panama’s liquefied natural gas (LNG)-to-power market by submitting an arbitration request under the International Centre for Settlement of Investment Disputes (ICSID) Convention against the Republic of Panama in connection with the cancellation of a license for a major gas-fired power generation project.

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