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Regulatory or contractual hurdles affecting LNG projects

Developing a viable LNG regulatory infrastructure A viable regulatory infrastructure for LNG projects wherever they may be located, should include: effective applicable regulation, and effective contractual remedies in situations where the parties are in disagreement. This post will briefly summarise the scope of these two areas, as follows. Law and regulation: LNG regulation – what does it cover? Let’s first draw up a shortlist of … Continue reading Regulatory or contractual hurdles affecting LNG projects

LNG Price Review – the Asian Context

The concept of price review A number of long-term contracts for the sale and purchase of LNG contain price review provisions. But commentators will remind us[1] that price review provisions are contrary to the principle of sanctity of contract, because a contract should be performed just as it reads, as that is what the parties to it have agreed, having taken into account the risks … Continue reading LNG Price Review – the Asian Context