Singapore-based Petrosin CNG has taken legal action against Mari Energies at the International Chamber of Commerce (ICC) in London. The company is seeking $19.1 million, or Rs. 5.36 billion, in damages over the termination of a gas supply agreement.
The dispute centers on a Gas Sales and Purchase Agreement (GSPA) between the two companies. Petrosin claims Mari Energies ended the contract unlawfully, causing major commercial losses. The company has also asked the ICC to order Mari Energies to pay arbitration costs.
However, Mari Energies has strongly rejected the allegations. The company said it lawfully terminated the agreement because Petrosin no longer held a valid operating licence. The agreement covered the supply of natural gas from the Halini Production Field. According to the contract, the arrangement would continue as long as gas remained available and the buyer met its contractual obligations.
In addition, the contract contained an arbitration clause. The clause required both parties to resolve disputes under the ICC Rules of Arbitration, with London named as the official seat of arbitration.
The legal battle began after Mari Energies issued a termination notice in May 2025. Following the notice, Petrosin obtained interim relief from a civil court. The company then started arbitration proceedings before the ICC and also filed an enforcement petition.
Meanwhile, the Islamabad High Court dismissed the enforcement petition. Petrosin later challenged another court decision that supported Mari Energies’ move to end the contract.
Separately, the company has filed a civil petition before the Supreme Court. The petition challenges an Islamabad High Court ruling issued on January 1, 2026, which upheld Mari Energies’ decision to terminate the agreement.
The case is now moving forward on two fronts. The ICC in London will decide the arbitration claim, while Pakistan’s Supreme Court will examine the legal challenge against the Islamabad High Court’s ruling.
