In this article published in Oil, Gas & Energy Law Intelligence's special issue on changing LNG markets and contracts, Partners Steven Finizio and John Trenor and Associate Jared Tan examine price review provisions and pricing disputes under long-term LNG supply contracts in the Asia Pacific region.
Excerpt: The Asia Pacific region includes the largest import markets for LNG in the world, as well as some of the world’s leading exporters. In many countries in the Asia Pacific region, demand for LNG is increasing because of growing energy needs and greener energy policies, among other reasons. At the same time, the landscape of the gas markets in the Asia Pacific region is changing. State-owned or incumbent gas companies and electricity utilities continue to import the majority of LNG, but new entrants have also emerged as a result of the steps taken to liberalize the gas markets in various countries in the region.