Topic: Gas-pricing disputes

Long-term LNG agreements and short-term volatility: buyers beware?

Jeremy Richmond KC and William Mitchell of Quadrant Chambers consider how arbitrations may play out where sellers deliberately fail to supply liquefied natural gas under long-term agreements so they can sell into the spot market at a profit.

12 April 2023

Polish utility brings fresh claim against Gazprom

Polish state gas company PGNiG says it has launched a fresh arbitration against Gazprom concerning interest on overpayments for gas supplied over a six-year period.

19 May 2022

Greek state entity defeats Stockholm set aside bid

Greece’s state-owned gas company Depa has defeated an attempt by Turkish counterpart Botaş to have a Stockholm court set aside a US$227 million ICC award over the price of gas supplied under a pipeline deal.

05 April 2022

Gazprom launches new price review over Polish supplies

UPDATED: Gazprom’s exports arm says it has launched another price review claim under a long-term gas sale agreement with Polish state utility PGNiG – while it continues to try to overturn the outcome of a prior arbitration.

17 January 2022

“Time is of the essence”: Australian gas price review blocked on appeal

Chevron and its partners in a massive Australian gas project have won an appeal preventing a Rio Tinto subsidiary from bringing a price review claim that was notified outside the window stipulated in the contract.

24 November 2021

Gazprom sees off another price review challenge

A Swedish court has rejected a Turkish energy company’s bid to set aside an award in another gas price review arbitration with a subsidiary of Gazprom.

01 November 2021

Gazprom and Eni settle Stockholm arbitration

Russia’s Gazprom Export and Italy’s Eni have agreed to revise the terms of their long-term supply contracts, settling disputes that had gone to arbitration in Stockholm.

29 October 2021

Edison declares win in LNG price review

Italian energy company Edison says it has defeated a price review claim worth several hundred million euros relating to a long-term contract for the purchase of liquefied natural gas from Qatar.

20 September 2021

Turkish gas buyer loses challenge to Gazprom price review award

A Turkish state-owned energy company has failed to set aside an award favouring Gazprom’s exports arm in a gas price review arbitration at the Stockholm Chamber of Commerce – as challenges to awards in similar cases continue in the Swedish courts.

10 June 2021

Rio Tinto gas price review claim not time-barred

An Australian court has ruled that Rio Tinto mining entities can pursue a price review claim against a Chevron consortium, finding that a time stipulation in their gas sale agreement was not essential.

24 September 2020

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