The increasing divergence between oil prices and spot liquefied natural gas (LNG) prices has created strong incentives for Asian buyers under long-term LNG contracts to seek price adjustment and other forms of LNG contract...more
Last month over 35,000 participants attended the Gastech 2019 Conference, the world’s largest gas and LNG conference, in Houston, Texas. Members of Akin Gump Strauss Hauer & Feld LLP’s global energy and transactions team...more
10/2/2019
/ Climate Change ,
Economic Growth ,
Energy Sector ,
Energy Storage ,
Environmental Assessments ,
Exports ,
FERC ,
Imports ,
Liquid Natural Gas ,
Natural Gas ,
Oil & Gas ,
Supply Chain ,
Transportation Industry
In our July 2017 update in AG Speaking Energy, we highlighted that the Japan Fair Trade Commission (JFTC) concluded in its market study that destination clauses, diversion clauses, profit-sharing clauses and take-or-pay...more
8/2/2018
/ Anti-Monopoly ,
Buyers ,
Destination Restriction Clauses ,
Energy Market ,
Energy Sector ,
EU ,
European Commission ,
European Economic Area (EEA) ,
Export Controls ,
Imports ,
Investigations ,
Japan ,
Japan Fair Trade Commission (JFTC) ,
Liquid Natural Gas ,
Oil & Gas ,
Profit Sharing ,
Qatar ,
Resales Agreements ,
Sellers ,
Supply Agreements ,
Take-or-Pay Contracts
• JFTC‘s recent market study on clauses in LNG SPAs indicate that agreements may run afoul of Japanese antimonopoly laws.
• EU cases may provide guidance on application of competition law to destination clauses, diversion...more
7/3/2018
/ Anti-Monopoly ,
Buyers ,
Contract Terms ,
Destination Restriction Clauses ,
Energy Market ,
Energy Sector ,
EU ,
European Commission ,
European Economic Area (EEA) ,
Export Controls ,
Imports ,
Investigations ,
Japan ,
Japan Fair Trade Commission (JFTC) ,
Liquid Natural Gas ,
Oil & Gas ,
Profit Sharing ,
Qatar ,
Sellers ,
Supply Agreements ,
Take-or-Pay Contracts
In June 2017, the Japan Fair Trade Commission (JFTC) issued its conclusion on an earlier market study on liquefied natural gas (LNG) resale restrictions and cautioned that (i) destination clauses, (ii) diversion clauses,...more
7/19/2017
/ Anti-Monopoly ,
Buyers ,
Contract Terms ,
Export Controls ,
Imports ,
Japan ,
Japan Fair Trade Commission (JFTC) ,
Liquid Natural Gas ,
Oil & Gas ,
Profit Sharing ,
Resales Agreements ,
Sellers ,
Take-or-Pay Contracts
The Australian Domestic Gas Security Mechanism at a Glance -
On June 5, 2017, the Australian government released draft amendments to the existing Customs (Prohibited Exports) Regulations 1958 (the “Amended Regulations”)...more
Singapore SLInG -
For liquefield natural gas (LNG) suppliers or purchasers following the travails of the oil markets and wishing to reduce the tie-in of LNG prices to oil indexes (a particular issue in Asia), the...more