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Partners Mark Levy QC and James Freeman co-edit the second edition of Gas and LNG Price Arbitrations

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Levy Mark
Mark Levy QC

Partner, global co-head of international arbitration

London

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Freeman James
James Freeman

Partner

London

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David Jenaway

Partner

Perth

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15 May 2020

The second edition of Gas and LNG Price Arbitrations, the only book dedicated to the specialist world of these high-value disputes, has been published.  The book, published by Globe Law and Business, is edited by international arbitration partners Mark Levy QC and James Freeman.  In addition, partner David Jenaway contributes a chapter on the growing phenomenon of LNG price arbitrations in the Asia Pacific (APAC) region.

The book takes a practical approach, covering the various aspects of international gas pricing disputes. It goes through the different stages of a gas pricing dispute, from drafting the clause to triggering a review, and then through the various stages of the arbitral process. The first edition of the book was very well received in the market. The second edition builds on the first by adding insights into more substantive topics such as hub indexation, the impact on pricing of non-price terms like destination flexibility, and the differences between gas and LNG price reviews.

Allen & Overy has one of the world's leading practices in this field as a result of the numerous cases in which our team, which also includes partners Marie Stoyanov and Anna Masser, has acted in recent years.  During the 2010s, price review disputes occurred predominantly in European gas markets. Although they are still seen there, a key trend is the recent growth in APAC, where A&O team members are currently involved in a number of price reviews, some of which have gone to arbitration.  The current volatility in energy markets looks likely to generate further price reviews for several years to come.

If you would like to discuss this subject further, please contact any member of the A&O team.