Gas and LNG Price Arbitrations

A Practical Handbook, Second Edition
2. Auflage 2020
ISBN: 978-1-78742-193-6
Verlag: Globe Law and Business
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 261 Seiten

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.

Autoren/Hrsg.

Weitere Mitwirkende

Levy, Mark

Freeman, James

Fachgebiete

• Rechtswissenschaften Internationales Recht und Europarecht Internationales Recht Internationales Zivilprozess- und Schiedsverfahrensrecht
• Wirtschaftswissenschaften Wirtschaftssektoren & Branchen Energie- & Versorgungswirtschaft Öl- und Gasindustrie
• Rechtswissenschaften Internationales Recht und Europarecht Internationales Recht Internationales Handels-, Wirtschafts- und Gesellschaftsrecht

Inhaltsverzeichnis

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