AES Corporation Shares Drop 3.1% Following $4 Billion Lawsuit by Sinolam in Virginia
NATURAL GAS
AES Corporation's shares dropped 3.1% following a $4 billion lawsuit filed by Sinolam LNG Terminal and Sinolam Smarter Energy, which accuses AES and its partners of anti-competitive practices in Panama's LNG market. The lawsuit alleges that AES conspired to eliminate Sinolam as a competitor through coercive tactics and misuse of confidential information, ultimately undermining Sinolam's terminal project.
Jan 8, 2026, 5:24 PM
