What is the lawsuit filed by Sinolam LNG against AES Corp about?

Sinolam LNG filed a $4 billion lawsuit accusing AES Corp. and its partners of an unlawful campaign to monopolize Panama's LNG-to-power market through anti-competitive tactics.

What are the allegations against AES and InterEnergy in Panama?

AES and InterEnergy are accused of using coercive tactics, misusing confidential information, and improperly influencing regulators to derail Sinolam's LNG projects and secure monopoly control.

Home / Business and Economy / Panamanian Firm Sues AES Over LNG Market Grab

Panamanian Firm Sues AES Over LNG Market Grab

Q: Where was the lawsuit against AES Corp filed?

The $4 billion lawsuit was filed in Arlington County Circuit Court in Virginia against U.S.-based utility AES Corp.

8 Jan

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Summary

Sinolam LNG filed a $4 billion lawsuit against AES Corp.
Allegations include an unlawful campaign to monopolize Panama's LNG market.
The lawsuit claims coercive tactics and regulatory influence were used.

Panamanian Firm Sues AES Over LNG Market Grab

Panamanian energy firms Sinolam LNG Terminal S.A. and Sinolam Smarter Energy LNG Power Co. initiated a $4 billion lawsuit on Wednesday against U.S. utility AES Corp. and InterEnergy Holdings. The complaint, filed in Arlington County Circuit Court in Virginia, accuses the defendants of orchestrating an unlawful campaign to monopolize Panama's LNG-to-power market.

Sinolam alleges that AES and its partners employed anti-competitive tactics, including coercive actions and the misuse of confidential information. These alleged actions were aimed at derailing Sinolam's planned LNG terminal and gas-fired power project in Colón, Panama. The lawsuit claims that improper influence was exerted over regulators to delay permits and revoke necessary licenses.

AES has stated that the claim "lacks merit" and expressed its intent to defend itself vigorously against the allegations. InterEnergy Holdings has not yet responded to requests for comment regarding the lawsuit. Sinolam contends that the defendants leveraged political influence, including ties to the Panamanian government, to secure monopoly control over LNG imports and power generation.