29 August 2013 16:59 [Source: ICIS news]
MEDELLIN, Colombia (ICIS)--Chile's Metrogas is seeking $241.5m (€181.1m) in damages from its former Argentine suppliers over an alleged breach of contract caused by cuts in natural-gas supplies, the gas distributor said on Thursday.
Metrogas filed a lawsuit with the International Chamber of Commerce’s Paris-based International Court of Arbitration on 13 May this year accusing the Aguada Pichana consortium of “failing to honour contractual obligations” in the delivery of natural gas.
Metrogas and the consortium – formed by Total Austral, Wintershall Energia and Pan American Energy – had been under contract since 1997. However, ?xml:namespace>
Metrogas terminated the contract in 2009 following a new deal to secure feedstock from a liquefied natural gas (LNG) regasification plant in the central Chilean
Metrogas had previously announced that it was seeking $202bn from Argentine fuel company Transportadora de Gas
Cutbacks on gas supply, which are commonly enforced by
Canadian-listed methanol producer Methanex has relied on Argentine natural gas feedstock to supply its four methanol plants in
However, insufficient stocks over the last decade have disrupted the company’s Chilean operations, forcing it to relocate two of its four plants to
($1 = €0.75)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections