Long-term natural gas contracts and antitrust law in the European Union and the United States.
Kim Talus
Lecturer in International Energy and Resources Law at the UCL School of Energy and Resources, Australia. Member of the CoE Foundations of European Law and Polity. Editor-in-Chief for Oil, Gas and Energy Law Intelligence (www.ogel.org).
Abstract
Long-term natural gas contracts and their specific features are at the forefront of legal and policy discussions around the world. Issues like oil price indexation and price reviews, flexibility and take-or-pay clauses or a move to shorter term trading are being debated. This is particularly true for Europe where major changes are taking place, but also in places like Australia and Asia.
This study will focus on the antitrust treatment of long-term take-or-pay natural gas contracts and their specific provisions in the European Union and the United States. It will also examine the regulatory treatment of these contracts and the regulatory environment in which these contracts operate. Issues that are covered include questions on duration and volumes, take-or-pay provisions and oil indexation, destination or use restrictions, vertical integration and monopolization.
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