Destination Restrictions and Diversion Provisions in LNG Sale and Purchase Agreements

Destination Restrictions and Diversion Provisions in LNG Sale and Purchase Agreements

Publication

Global Arbitration Review's Guide to Energy Arbitrations is an essential desk-top reference tool for energy companies, their advisors and arbitrators, that brings together a number of pre-eminent authors and pulls together the latest and best approaches to the myriad issues confronted in today's energy disputes.

WilmerHale Partner Steven Finizio authored a chapter in Part III: Contractual Terms titled "Destination Restrictions and Diversion Provisions in LNG Sale and Purchase Agreements."

Excerpt: Liquefied natural gas (or LNG) has been commercialised for more than 50 years, but in the past several decades there has been substantial growth in its use, and it now accounts for about a third of the global trade in natural gas.[1] Liquefying natural gas (which involves cooling it to approximately -161C°)  allows it to be transported by ship, which has enabled countries with large gas reserves not linked by pipeline to other markets to sell gas around the world. Read the full article.

Authors

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