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Gas and LNG Price Arbitrations

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This practical new edition contains contributions from leading international arbitration practitioners and arbitrators in the field, in-house counsel and industry experts and covers the various sta...
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  • 19 March 2020
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Price review disputes have become an increasingly prominent feature in gas and LNG markets over the past decade. While the first wave of disputes were driven by the ‘triple whammy’ of recession, US shale gas and the liberalisation of the gas markets in Europe, further waves have followed with the development of increasingly liquid trading hubs across Europe, ongoing volatility in commodity prices and the continuing influx of liquefied natural gas (LNG) into Europe. And the trends previously seen in Europe are starting to be replicated in Asian markets. This practical second edition will cover the various aspects of international gas pricing disputes. It contains contributions from leading international arbitration practitioners and arbitrators in the field, in-house counsel and industry experts. It covers the various stages of a gas pricing dispute, from drafting the clause to triggering a review, all the way through the various stages of the arbitral process. It also builds on the first edition by containing insights into more substantive topics such as hub indexation, the impact on pricing of non-price terms like destination flexibility, and the differences between gas and LNG price reviews. Despite the large number of high-value disputes in this area, this is one of the very few publications to draw together the various strands of gas pricing disputes into one book. It is therefore an invaluable guide for practitioners, in-house counsel and anyone else with an interest in this area.
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Price: £175.00
Pages: 261
Publisher: Globe Law and Business
Imprint: Globe Law and Business
Publication Date: 19 March 2020
Trim Size: 9.50 X 6.25 in
ISBN: 9781787421929
Format: Hardcover
BISACs:

LAW / Arbitration, Negotiation, Mediation, International law: arbitration, Energy industries & utilities

REVIEWS Icon
Drafting an effective price review clause 5 Mark Levy QC Allen & Overy LLP The trigger phase 19 Marnix Leijten Martje Verhoeven-de Vries Lentsch De Brauw Blackstone Westbroek NV Changes of circumstances as a price modifier 37 Michael Polkinghorne White & Case LLP Procedural issues in gas price review arbitrations 75 Oliver Browne Philip Clifford QC Latham & Watkins Evidence in gas pricing arbitration 87 Augustin Barrier Noradèle Radjai LALIVE Confidentiality in gas price reviews 103 Philippe Pinsolle Quinn Emanuel Urquhart & Sullivan LLP The arbitrator’s role 121 Rahul Donde Laurent Lévy Lévy Kaufmann-Kohler The client’s perspective 133 Nikolas Hübschen Uniper Global Commodities SE Expert evidence in price reviews and disputes 147 Christopher J Goncalves Anthony J Melling Berkeley Research Group LLC The adjustment phase in gas price reviews under longterm gas supply contracts 169 Michelle Glassman Bock Steven Finizio Wilmer Cutler Pickering Hale and Dorr LLP Natural gas price review arbitrations: issues in adopting hub indexation 181 Luis Agosti Boaz Moselle Compass Lexecon The potential for price disputes in hub-indexed gas contracts 197 Valentina Bonetti Dan Harris Carlos Lapuerta The Brattle Group Gas price reviews in Asia-Pacific 213 David Jenaway Allen & Overy Current and future trends for price reviews 225 James Freeman Allen & Overy LLP About the authors 241 Index 251