The Raising of Disputes Caused by the New Context in the International Trade of Natural Gas: Pluspetrol et. al. vs. Perupetro
Article from: OGEL 4 (2017), in Liquefied Natural Gas (LNG)
Abstract
Natural gas is becoming one of the most important energy resources in the world. The international trade of natural gas, mainly through Liquefied Natural Gas (LNG) has seen significant growth in the last decade. Natural gas markets are maturing fast and some experts consider that such hydrocarbon is transitioning to become a global product. Such globalization represents a move towards more market liquidity, shorter-term transactions and contractual flexibility. In this new context, previously established contractual structures have been disrupted by market reality. This paper ...