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Gas Sales and Gas Transportation Agreements

Gas Sales and Gas Transportation Agreements Principles and Practice, 3rd Edition

Author: Peter Roberts
Publisher: Sweet & Maxwell U.K.
ISBN: 9780414046573
Published In: August 2011
Format: Hardback + CD-ROM
Jurisdiction: International ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents

Details

Gas Sales and Gas Transportation Agreements provides you with a detailed hands-on guide to the drafting, negotiation and interpretation of natural gas and LNG trading, storage and transportation contracts.

It brings you in-depth discussion of the law and practice of structuring projects for the sale, storage and transportation of gas or LNG and includes expertly drafted precedent agreements that demonstrate the practical mechanics of putting a deal together.

Your complete guide

Explains the critical components of the agreements which set out the terms between buyers, sellers, transporters and shippers, leading to the sale, storage and transportation of gas and LNG.
Discusses the nature of gas and LNG and the contracting process
Offers clause-by-clause commentary on the typical provisions within gas and LNG sales, storage and transportation agreements
Pinpoints the key issues and suggests solutions to problems that can arise
Identifies the legal and commercial issues involved at each stage, from quality specification and force majeure to liabilities, limitations and dispute resolution, and advises how they should be handled in the contract

New to this edition

Includes a new chapter on the structuring and regulation of gas storage projects
Features new material on competition law and regulatory principles applicable to gas and LNG projects
Price reviews and reopeners are dealt with in an extra chapter, looking into price reviews, hardship and common principles
Additional precedent drafting for gas and LNG project contracts

SECTION I

Part A - General Principles of Gas and LNG Sales and Transportation Projects

1. The Nature of Gas
2. Project Structuring
3. The Contracting Process
4. Gas Storage
5. Regulatory Issues

Part B – Gas and LNG Sales Arrangements

6. Gas and LNG Sales Contracts
7. Parties and Collateral Support
8. The Delivery Point and Delivery
9. Term and Effectiveness
10. Quantities, Rates and Reserves
11. Nominations and Scheduling
12. Shortfall
13. Undertake Gas and Overtake Gas
14. Gas and LNG Pricing
15. Price Review Provisions
16. Take and Pay, Take or Pay
17. Make Up and Carry Forward

Part C – Gas and LNG Transportation Arrangements

18. Principles of Pipeline Gas Transportation
19. Parties to the GTA and Collateral Support
20. Term and Duration
21. The Input Point, the Delivery Point and Delivery
22. The Transporter's and the Shipper's Obligations
23. Quantities and Capacities
24. Tariff and Capacity Payments
25. Ship or Pay
26. Transporter and Shipper Failure
27. Commingling, Allocation and Attribution
28. LNG Shipping

Part D – Common Components of Gas and LNG Sales and Transportation Arrangements

29. Invoicing and Payment
30. Quality Specification
31. Off-Specification Gas and LNG
32. Measurement
33. Facilities
34. Maintenance
35. Force Majeure
36. Liabilities and Limitations
37. Transfers, Third Party Performance and Control
38. Termination
39. Dispute Resolution
40. Other Provisions

SECTION II
Appendix A – Proforma Gas Sales Memorandum of Understanding
Appendix B – Proforma Gas Sales Agreement
Appendix C – Proforma Gas Transportation Memorandum of Understanding
Appendix D – Proforma Gas Transportation Agreement
Appendix E – Additional Drafting