Nov 20 (LNG) - Infraestructura Energética Nova (IEnova), the Mexican subsidiary of US LNG exporter and utility Sempra Energy, said it received confirmation that its customer Gazprom Marketing and Trading has joined as a plaintiff in the arbitration proceedings initiated by Royal Dutch Shell’s Mexican subsidiary, Shell México Gas Natural, against the Costa Azul LNG terminal relating to previous agreements made before plans were moved forward to turn the import terminal into an export plant.
IEnova received a request for arbitration from Shell México derived from a storage services contract between Costa Azul and Shell, whereby it claimed that a 2019 update to the terms and conditions related to the storage services provided at the facility resulted in a cause of “force majeure” and a breach of contract. “Costa Azul Regas considers that Shell and Gazprom's claims are unfounded and inadmissible and will enforce their rights in the corresponding arbitration process, seeking to dismiss the claims of the counterparties,” it said.
