Summary

Collusion and Unfair Business Practices Allegedly Stifled Competition

7 January 2026 - Panamanian companies Sinolam LNG Terminal, S.A. and Sinolam Smarter Energy LNG Power Co. (together, "Sinolam") today announced the ling of a civil action in the Circuit Court for Arlington County, Virginia, against AES Corporation (NYSE: AES) and partners including, InterEnergy Holdings (UK) Limited, alleging a years-long scheme to unlawfully exclude Sinolam from Panama's rapidly growing liqueed natural gas-to-power market.

According to the complaint, AES and its partners conspired to dismantle Sinolam's LNG power generation and terminal projects in Panama. The lawsuit alleges the defendants used coercive tactics, misuse of condential information, and improper inuence over government regulators to eliminate competition and secure monopoly control over LNG importation, storage, regasication, and LNG-fueled power generation in Panama.