AES Corporation Sued for Alleged LNG Market Monopoly in Panama

Reuters01-08

AES Corporation Sued for Alleged LNG Market Monopoly in Panama

Panamanian companies Sinolam LNG Terminal and Sinolam Smarter Energy LNG Power have filed a civil lawsuit against AES Corporation and its partners, including InterEnergy Holdings, in a Virginia court. The suit alleges that AES and its associates orchestrated a scheme to monopolize Panama's liquefied natural gas-to-power market by unlawfully excluding Sinolam from the sector. The complaint claims that AES used its influence to delay Sinolam’s permits, undermine government approvals, and block competing projects, resulting in AES controlling both major LNG power plants and the only operational LNG terminal in Panama. Sinolam is seeking over $4 billion in damages, alleging that these actions stifled competition, raised energy prices, and harmed the market across Central America and the Caribbean.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The AES Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: NE58711) on January 07, 2026, and is solely responsible for the information contained therein.

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