ARBITRATION GAS

Work carried out
Region
Client
Recently EKON experts have been appointed to carry out the strength of case for a multinational energy company in Spain (seller) on a long term LNG GSA contract. The outcome of this project will help our client decide whether or not their case is strong enough in order to justify triggering for a price increase. Steven Taylor is acting as the Project Director and has been nominated as the expert witness in the event that the case is triggered and a commercial agreement is not reached. SPAIN IOC-SELLER
EKON experts have been appointed to carry out the strength of case for a multinational energy company in Spain (seller) on a long term LNG GSA contract in preparation for a potential arbitration. Steven Taylor acted as the Project Director and if the case hadn’t been settled with a satisfactory commercial arrangement and had gone to Arbitration, Steven would have acted as the expert witness. SPAIN IOC-SELLER
Steven Taylor was appointed to assist a multinational energy company in Spain (buyer) during the negotiation phase with an LNG seller on a long term LNG GSA contract linked to the value LNG versus competing fuels in preparation for potential arbitration. Steven Taylor acted as the Project Director and we successfully defended our clients’ case and managed to assist our client to successfully negotiate a favourable settlement. In the event that the case had gone to arbitration, Steven Taylor would have acted as the expert witness. SPAIN Spanish Buyer
Steven Taylor was appointed to carry out an independent Strength of Case analysis for a multinational energy company in Southern Europe on a long term LNG contract linked to the value of LNG versus competing fuels (border price and end user) in several different EU end user markets. EUROPE EU BUYER
EKON experts carried out a strength of case analysis for an LNG buyer in Spain in the run up to the trigger date of their GSA. Steven Taylor acted as the Project Director and as a result of our work, our client triggered the Price Review clause, and eventually a commercial settlement was reached which was favourable to our client. SPAIN INTERNATIONAL BUYER
EKON experts were appointed to provide additional support to a multinational gas and petroleum company in Spain during the 120 day negotiation period prior to commencing arbitration proceedings. SPAIN IOC-SELLER
Our experts assisted a large multinational NOC to determine if it had a case on which to trigger a price re-opener clause in a large LNG contract into Spain. We looked to analyse the impact of spot purchases and the competitiveness of alternative fuels in Spain and most importantly, carried out an analysis of the most relevant changes in the Spanish energy market that had changed the value of gas in Spain over the last 10 years. Our experts were involved in analysing the relevant clauses with the lawyers and providing evidence on how the market had changed between the Reference Period and the Review Date. SPAIN NOC – SELLER
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