ISLAMABAD: Petrosin CNG, a company operating in Pakistan, has initiated proceedings before the International Chamber of Commerce (ICC), London, against Mari Energies Ltd, seeking damages of $19.1 million (approximately Rs5.357 billion), along with arbitration costs, for the alleged unlawful termination of its gas supply.
Mari Energies, one of the country’s top three oil and gas producers, has contested Petrosin’s claims and defended its decision to terminate the Gas Sales and Purchase Agreement (GSPA) because of the claimant having no valid licence.
According to court filings, Petrosin CNG contends that Mari Energies unlawfully terminated the GSPA, causing substantial commercial losses for which it seeks compensation through international arbitration.
Petrosin filed a Civil Petition for leave to appeal before the Supreme Court of Pakistan under Article 185(3) of the Constitution of the Islamic Republic of Pakistan against the judgment of Jan 1, 2026 by a single bench of the Islamabad High Court that ruled in favour of Mari, saying it validly terminated the GSPA.
Petrosin alleges unlawful termination of gas contract
