KARACHI: The London Court of International Arbitration (LCIA) has delivered its arbitral award in favour of Sui Northern Gas Pipelines Limited validating SNGPL claims against Quaid e Azam Thermal Power (Private) Limited (QATPL) on account of failure to offtake the Take or Pay quantities of RLNG by QATPL.
According to the material information sent to the Pakistan Stock Exchange on Friday, a dispute between Quaid e Azam Thermal Power (Private) Limited (QATPL) and SNGPL regarding the non-offtake of the Take or Pay (contractual quantities) of RLNG by QATPL was pending in the London Court of International Arbitration ((LCIA).
The LCIA Arbitrator has now delivered its arbitral award in favour of SNGPL validating SNGPL claims against QATPL on account of failure to offtake the Take or Pay quantities by QATPL….
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