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Spectra Energy and Citrus Trading Settle LNG Contract Dispute

Spectra Energy has agreed to pay Citrus Trading $100 million to settle a lawsuit over a 1998 LNG purchase contract. According to yesterday’s edition of Platts LNG Daily, Citrus alleged that Spectra, formerly Duke LNG and PanEnergy, failed to supply LNG i
January 31, 2007

Spectra Energy has agreed to pay Citrus Trading $100 million to settle a lawsuit over a 1998 LNG purchase contract. According to yesterday’s edition of Platts LNG Daily, Citrus alleged that Spectra, formerly Duke LNG and PanEnergy, failed to supply LNG in volumes specified in the contract. [Subscription required]

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