Summary

International contracts for the sale of gas by producers to transport and distribution utilities typically deal with enormous volumes of gas - volumes which may represent a significant proportion of the available resources of the producer or indeed of the producer's country, and likewise of the anticipated requirements of the distributor. Contracts of this significance need, from the point of view of both parties, to run for many years and to be negotiated several years in advance of their commencement. This article examines some of the considerations relating to ...