Nigeria, April 17 -- Nigeria LNG Limited (NLNG) had its claim to non-liability to indemnify oil trading firm Taleveras dismissed at appeal in a ruling against it by a London high court.

The decision makes Nigeria's biggest LNG producer judgement-bound to cough up $380 million in compensation to one of its trade partners over a botched gas supply deal.

The Business and Property Courts of England and Wales held Wednesday that the lower court's interpretation of an earlier declaration by an arbitral tribunal asking NLNG to indemnify Taleveras regarding the sum it was obliged to pay Vitol SA and Glencore Energy UK from the deal is in order.

Besides its claim of non-liability to indemnify Taleveras, NLNG also sought an injunction barring th...