AES Corporation Sued for Alleged LNG Market Monopoly in Panama

Panamanian companies Sinolam LNG Terminal and Sinolam Smarter Energy LNG Power have filed a lawsuit against AES Corporation in Virginia, alleging a scheme to monopolize Panama's LNG market. The suit claims AES unlawfully excluded Sinolam by delaying permits and blocking projects, leading to AES controlling major LNG facilities. Sinolam seeks over $4 billion in damages, arguing that AES's actions harmed competition and raised energy prices in Central America and the Caribbean.