Sanctions and Take-or-Pay LNG Supply Agreements
Article from: TDM 4 (2024), in Sanctions and International Arbitration
Introduction
The sources of production of liquified natural gas ("LNG") are often located remotely and, as such, are often geographically separated across multiple states from the markets of their consumption, the natural consequence being that contracts for the supply of LNG often cross international borders. Given their transnational nature, the imposition of sanctions is a major circumstance that impacts the parties' abilities to perform their obligations under LNG supply contracts. As such, disputes are inevitable in relation to the impact of sanctions on LNG supply contracts and generally need ...











