Nigeria LNG Ltd v Taleveras Petroleum Trading DMCC [2025] EWCA Civ 457 (16.04.25)

A London Arbitration Award ruled that NLNG failed to supply Taleveras with LNG cargoes, causing losses on sub-sales.  The ‘dispositive’ section of  the Award required NLNG to indemnify Taleveras for amounts awarded in sub-sales arbitrations. However, in an ‘analysis’ section, the Award directed that the indemnity was subject to endorsement by the sub-sales tribunals. When Taleveras’ sub-sale liability to Vitol was ascertained at some USD233m, NLNG sought a Court declaration of non-liability, based on the absence of endorsement. The CA upheld the High Court’s refusal, ruling that the Award’s ‘dispositive’ section contained a comprehensive statement of the relief being granted to Taleveras.

Read the full judgment here.