A London court has ordered Nigeria LNG Limited (NLNG) to pay $380 million to commodity traders Vitol and Glencore over undelivered liquefied natural gas (LNG) cargoes.
The ruling, announced on February 25, 2025, follows a protracted dispute involving contractual obligations and supply disruptions at NLNG’s Bonny Island export facility.
The London Court of International Arbitration found NLNG—jointly owned by NNPC, Shell, TotalEnergies, and Eni—in breach of contract for failing to deliver 19 LNG cargoes between 2020 and 2021. These shipments were part of a supply agreement with trading firm Taleveras, which had pre-sold some cargoes to Vitol and Glencore.
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When NLNG failed to deliver, Vitol and Glencore sued Taleveras, triggering a chain of litigation. The London High Court and Court of Appeal rejected NLNG’s appeal, confirming payments of $260 million to Vitol and $120 million to Glencore.
NLNG said it was reviewing the ruling and declined further comment. The ruling comes as NLNG faces a 23% revenue drop in 2023 due to operational disruptions and feedstock shortages.
