Mitigating risk in U.S. Liquefied Natural Gas Contracts

Based on the increased activity in the global natural gas market, this article focuses on the legal implications for U.S. suppliers and buyers in the global LNG market; on key legal issues such as contract negotiations, disputes from failed supply or purchase obligations; and on possible implications of failure or rerouting of deliveries from the contracted destinations. As a direct consequence of the supply squeeze, there were immediate shifts to contracting patterns such as length of commitment, pricing terms and remedies for delayed startup or other interruptions in the LNG markets. LNG buyers signed more long-term contracts than ever before, […]