Edison wins RasGas LNG case

Written by  John McKay
Wednesday, 12 September 2012
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Sept 12 (LNGJ) - Italian utility Edison said the Court of Arbitration of the International Chamber of Commerce notified it of an award worth about 450 million euros ($580M) related to a dispute between Edison and Rasgas of Qatar for the revision of the price of LNG supplied under a long-term contract. The LNG supply deal stems from the development of the Adriatic LNG import facility in which Edison and RasGas parent Qatar Petroleum are shareholders.

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