SUIT FILED TO BLOCK MARAD'S LNG TANKER DEAL

10/29/1990
Energy Transportation Group Inc. (ETG), New York City, has filed a federal lawsuit to block the sale by U.S. Maritime Administration (Marad) of three liquefied natural gas tankers. The proposed sale stems from a settlement reached last month of a dispute over ownership and sale of LNG tankers (OGJ, Oct. 1, p. 28). Marad's agreement covering the Arzew, Southern, and Gamma vessels is with units of Royal Dutch/Shell Group, Argent group, and Cabot Corp. Marad acquired the tankers by repossession from subsidiaries of El Paso Corp. ETG'S SUIT The suit ETG filed in a Washington federal distr...
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