The global energy sector is changing significantly as liquefied natural gas (LNG) becomes increasingly important in meeting growing energy demands and addressing environmental concerns. Even before COVID-19, the natural gas markets underwent such rapid evolution that they disrupted established long-term supply contracts, leading to waves of LNG price arbitrations. While LNG price arbitrations may harbour […]
Gas Price Review Arbitration
Resolving Energy Disputes Through Arbitration
Energy projects are usually long, complex and require a substantial level of capital. Additionally, the sector has significant exposure to geological events, political changes and environmental regulations. For these reasons, disputes are common in the energy sector, and arbitration has become the preferred method of resolving these disputes, particularly at the international level.[1] As noted […]
William Kirtley Discusses Gas Price Review Provisions With The Anadolu News Agency
In the context of an ICC arbitration award rendered in favor of Turkey’s BOTAŞ against Iran’s National Iranian Gas Company, William Kirtley was asked to discuss how gas price review clauses function in long-term natural gas contracts with the Anadolu News Agency in Ankara. Gas price review provisions were inserted into many long-term natural gas sales agreements starting in the 1990’s, especially in […]
