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The North American Energy Standards Board (“NAESB”) Base Contract is the most commonly used form contract for physical purchases and sales of natural gas within the industry. It has existed in its current form since 2006;...more
Part 1 - There are currently substantial commercial incentives for Asian buyers to seek price adjustments under their long-term LNG contracts. But whether an adjustment can be achieved at all, and if so the process and the...more
The Asia-Pacific region is the largest importer of liquefied natural gas (LNG), comprising 53.6% of global supply in 2016. Japan is the world’s largest LNG importer (83.3MT imported in 2016), followed by South Korea (33.7MT...more