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ADNOC Gas makes $13bn LNG commitment

ADNOC Gas is to invest $13 billion in domestic and international opportunities in the next five years and aims to more than double its liquefied natural gas (LNG) production capacity by 2028.

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Stocks to Watch: SBI, Titan, HUL, GAIL, LIC, Tata Power, PVR Inox, Axis Bank, and Others

Stocks to watch: Shares of firms like SBI, Titan, HUL, GAIL, LIC, Tata Power, PVR Inox, Axis Bank, and others will be in focus on Monday's trade.

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GAIL Shares Hit Record High After Arbitration Claim Against SEFE Unit

Shares of GAIL (India) Ltd. rose over 5% to hit a record high on Monday after it sued SEFE Marketing & Trading Singapore Pte. for damage caused by the non-supply of LNG.

The company has filed an arbitration claim worth $1.8 billion, or about Rs 15,000 crore, against SEFE Marketing & Trading Singapore Pte., formerly known as Gazprom Marketing and Trading Singapore Pte. Ltd., in the London Court of International Arbitration, according to an exchange filing.

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Scope Of Russia's New Blocking Sanctions Is Unclear

Russia's recently introduced measures to block transactions with 31 energy companies may substantially extend the purview of its existing economic sanctions, but until the federation issues official guidance about how the measures apply to existing contracts, the practical consequences must be determined on a case-by-case basis, say attorneys at Morgan Lewis.

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