Energy Trading
Energy trading, whether it be oil, gas or power derivatives or physical products, is central to the function of energy markets globally.
The volatility in energy markets makes energy products a valuable commodities to trade, and almost every power project or M&A deal in the sector will require a significant amount of advice in relation to trading and hedging.
Allen & Overy has capitalised on its energy sector knowledge and market leading trading and derivatives practice to provide its clients with the most sophisticated advice on this highly specialised subject in all jurisdictions of the world. These clients include NOCs (National Oil Companies), IOCs (International Oil Companies), Independent Oil & Gas Companies, and funders (debt and equity), power project developers, integrated power utilities, energy traders and governments.
Allen & Overy advises clients on issues such as physical commodity trading (short-term and long term); financial commodity trading contracts specifically relating to energy and emissions allowance markets (including hedging energy price risk and related counterparty credit risk); shipping and trading disputes. Allen & Overy also builds on its strong experience in trading and derivatives to advise clients on the set up of physical commodity trading platforms. Significantly we drafted the original form of Grid Trade Master Agreement which forms the basis of all bilateral electricity trades in the UK. We have subsequently advised several large and active market participants on contractual and regulatory issues in relation to gas and power trading.
We also have a market-leading financial regulatory practice, with lawyers who specialise in advising energy derivatives players on compliance, market abuse issues, and latest developments under EU Directives such as MIFID.
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News and insights
Publications: 04 April 2024
Morocco Green Hydrogen Offer - key takeaways
The Morocco Hydrogen Offer (the Offer) finally landed on 11 March 2024. It was much expected by the developers and the investors.
Publications: 27 March 2024
Nuclear energy: ambitious plans, complex challenges in the Netherlands and abroad
The Dutch government recently announced its intention to build four new nuclear power plants by 2040, as part of its strategy to achieve climate neutrality by 2050 and reduce its dependence on natural…
News: 27 March 2024
Allen & Overy advises on the sale of majority stake in GasNet
Allen & Overy is advising Macquarie Asset Management (Macquarie), on behalf of managed funds, on the disposal of its 55.21% indirect interest in GasNet, the Czech Republic’s largest gas distribution…
Publications: 23 November 2023
Emerging Asia powering ahead with decarbonisation agenda
Asia is at the forefront of the global challenge to balance economic development, climate adaptation and mitigation, and energy security. The region is diverse, dynamic and pragmatic, facing both the…