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 countries where no spot markets exist. The full article may be accessed by clicking below.
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