Sefe denies Gail's claim over non-delivery of LNG cargoes
Sefe denies Gail's claim over non-delivery of LNG cargoes
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Natural Gas News
Sefe denies Gail's claim over non-delivery of LNG cargoes
Summary
In December 2023, India's Gail filed a lawsuit against SM&TS in London, seeking $1.8bn in damages due to non-supply of LNG cargoes under a long-term contract. by: Shardul Sharma
Sefe Marketing & Trading Singapore (SM&TS), formerly known as Gazprom Marketing and Trading Singapore...
Related Knowledge Center: Liquefied natural gas
Driven by plentiful natural gas produced from shale plays, the United States began exporting liquefied natural gas in 2016 when the Sabine Pass terminal in Louisiana opened and shipped its first cargo. Since then, additional capacity, or trains, have been added to Sabine Pass, and terminals have become operational in Cameron Parish, La.; Hackberry, La.; Cove Point, Md.; and Corpus Christi, Texas. The Energy Information Administration projects that U.S. LNG export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world, behind Australia and Qatar. The tariff war with China has the potential to impact some final investment decisions for additional terminals in the coming months.