March 1 (Reuters) - Primeline Energy Holdings Inc PEH.V :
* Says settlement of dispute with Zhejiang Natural Gas Development Company in relation to gas sales contract for LS36-1
* Under settlement agreement, co will receive approximately RMB 256 million net of VAT
* Settlement does not affect or halt previously announced ongoing arbitration against CNOOC, CCL under petroleum contract Source text for Eikon: Further company coverage: PEH.V