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UK court orders NLNG to pay $380m over undelivered products
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A London court has ordered Nigeria LNG (NLNG) to pay $380 million in compensation to two major global commodity traders, Vitol and Glencore, after winning a legal battle against Nigeria’s sole liquefied natural gas producer.
According to a Reuter’s report quoting court documents, NLNG was ordered to pay the two companies for failing to deliver contracted LNG cargoes.
The international news network explained that the supply contract was between NLNG and another trading firm, Taleveras, in which the latter was supposed to receive 19 LNG cargoes from NLNG between 2020 and 2021.
Taleveras had reportedly pre-sold some of these shipments to Vitol and Glencore, but when NLNG failed to deliver, the two companies sued Taleveras, setting off a chain of litigation.
The case was reportedly heard in London’s High Court and Court of Appeal and last week, the court rejected NLNG’s appeal, confirming that the company must pay approximately $260 million to Vitol and $120 million to Glencore.
NLNG, a joint venture in which Shell, TotalEnergies, and Eni hold minority stakes while Nigeria’s state-owned oil company owns 49%, declined Reuters’ request for comment on the ruling saying it was still reviewing the judgment.
Shell and Eni also refused to comment, while TotalEnergies did not respond to inquiries.
Taleveras, founded by Nigerian businessman Igho Sanomi in 2004 and now based in Dubai, also declined requests for comments on the ruling.
It is not clear how much Taleveras itself will receive beyond the $380 million owed to Vitol and Glencore. However, a full written judgment is expected to be released in the coming weeks.
Reuters noted that the lawsuit is part of a broader trend of legal disputes in the energy market, where buyers have taken action against producers for failing to honor contracts.
Gas prices, which plunged during the COVID-19 pandemic, surged dramatically after Russia’s invasion of Ukraine in 2022.
European gas prices fluctuated sharply, dropping to 3.63 euros ($4.14) per megawatt-hour in 2020 due to low demand during the pandemic.
However, it soared to 311 euros ($328) per MWh in 2022 after the Ukraine invasion disrupted supplies.
Some producers were accused of diverting contracted volumes to the more lucrative spot market while failing to fulfil long-term trade agreements.
An example is a litigation in which Shell and BP took legal action against U.S. gas exporter Venture Global LNG for not delivering agreed cargoes. Venture Global blamed the delays on technical issues at its facilities.
NLNG was a defendant in a suit filed by the Incorporated Trustees of the National Association of Plants Operators (NAPO) over the alleged denial of registration of the trade union by the Ministry of Labour.
[Nairametrics]
News
Norwegian Air adorns British Airways logo for 24hrs after losing 2026 World Cup wager
Norwegian Air Shuttle, has changed its logo to that of British Airways on Instagram after losing a bet on the 2026 FIFA World Cup quarter-final match between England and Norway on Saturday.
Ahead of the high-profile match, Norwegian Air challenged British Airways to a wager that would see the losing airline replace its Instagram profile picture with the winner’s logo for 24 hours.
Hey @british_airways, do you wanna make
a bet? If Norway wins, you have to switch to our logo on Instagram on Sunday (one day). And vice versa. Deal?,” Norwegian Air posted on Instagram before the match.
British Airways wasted no time accepting the friendly offer, warning the challenger against biting off more than they could chew, writing “Don’t make bets you can’t win.”
During the match, it was the Norwegians who landed the first blow after Andreas Schjelderup opened the scoring for them in 36th minute, firing home the ball over goalkeeper Jordan Pickford, who was caught off his line.
It was looking like Norway would take the lead into the break until Jude Bellingham drove a pass from Anthony Gordon into the box before latching it into the net from close range to equalise for England.
Neither side was able to find the net in the second half, forcing the match into extra time when Bellingham scored within its first three minutes, which ended up being the winning goal of the match to send England into the semifinals.
Following Norway’s defeat, Norwegian Air acknowledged the result and immediately fulfilled the bet’s condition by swapping its Instagram profile picture for the logo of British Airways.
“While the tournament is over for us, this friendly bet will forever live in all our hearts. We wish England and
@british_airways all the best in the semi-final, and we sincerely hope you’ll get to bring football home!,” Norwegian Air said in response to losing the bet.
Also, British Airways thanked its Norwegian Airways counterpart for the challenge, assuring that both England and Norway would remain friends forever.
“Rivals for 90 minutes, friends forever. A little competition keeps things interesting, thanks for challenging us @flynorwegian! Well done to the England team on qualifying for the World Cup semi-finals! It’s coming home!,” the airline said.
Nevertheless, the World Cup marked a historic milestone for Norway because it’s the first time the Scandinavian nation reached the tournament’s quarter-finals.
News
One dies, seven injured as Gombe Assembly Complex under construction collapses
It was a sad tale as the collapse of the Gombe State House of Assembly complex under construction has claimed one life and left seven others injured.
The incident occurred on Friday when a section of the building gave way, trapping construction workers beneath the debris before emergency responders launched a rescue operation.
Head of Operations, National Emergency Management Agency (NEMA), Gombe Operations Office, Ahmed Ummanah, confirmed the incident, stating that all the trapped workers were rescued from the rubble.
He disclosed that three of the injured victims were taken to the Federal Teaching Hospital (FTH), Gombe, while five others were evacuated to the Gombe State Specialist Hospital for medical treatment. He added that some of the victims sustained severe injuries.
The construction company handling the project had yet to issue an official statement on the incident as efforts to obtain its reaction were unsuccessful.
Authorities have commenced investigations to determine the cause of the building collapse, while safety experts are expected to assess the structural integrity of the project.
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DAY 24 of Projects Commissioning and Flag-Off in the FCT
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#ProjectsFCT2026
#FCT31DaysCommissioning
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