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Home > Journal

EC Commission announces agreement with Algeria on destination clauses and profit sharing mechanisms in gas and LNG supply contracts: a triumph of form over substance?

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J. Scott
Scott, Jonathan
S. Murray
Murray, Stephen
M. Herron
Herron, Molly

Article from: OGEL 4 (2007), in Liquefied Natural Gas (LNG)

Introduction

On 11 July, the EC Commission issued a press release announcing that the EU Commissioner for Competition and the Algerian Minister for Energy and Mines had reached a common understanding on destination clauses and profit sharing mechanisms in pipeline gas and LNG supply agreements with Sonatrach. The common understanding was summarised[1] in the press release as follows: territorial restrictions will be deleted from all existing contracts and such provisions will not be inserted in future contracts profit sharing mechanisms (PSMs) will only be ...

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Suggested Citation

J. Scott; S. Murray; M. Herron; "EC Commission announces agreement with Algeria on destination clauses and profit sharing mechanisms in gas and LNG supply contracts: a triumph of form over substance?"
OGEL 4 (2007), www.ogel.org

URL: www.ogel.org/article.asp?key=2633

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