Tag: Oil and gas

LNG Disputes Beyond Price Reviews

In an article published in Oil, Gas & Energy Law*, Luis Agosti and Boaz Moselle describe several types of commercial disputes in long-term liquified natural gas (“LNG”) contracts that are not directly related to the more common price review type disputes. They identify a common thread to many such disputes: differences between contract and short-term prices give rise to arbitrage opportunities, and parties are unable to agree on how the payoff from arbitrage should be shared between them.