SERVICES

Strength of Case

Contract analysis, understanding the key re-opener clauses and their implications, i.e. changes in end user market, value of alternative fuels, changes in generation mix, tougher environmental regulations etc.
Review of end user Gas Market, analysis of the value of gas in the market (end user market, gas for power, etc.). Comparison of gas value by source, end user margin analysis by customer segments.
Report drafting providing opinion on the strength of the case

Assistance in Commercial Discussions

ONYX provides full support to our client throughout the commercial discussion.
Providing an independent opinion on the claims made by the counterparty.
Analysis of suggested modifications to contract formula and projection of income under different scenarios.
Assistance in further analysing and providing an opinion on new areas of research that arise

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Expert Witness Role

Drafting final expert witness report.
Assisting the client’s legal council or advisor in the drafting of the Statement of Claim / Statement of Defence and all Rebuttal reports.
Providing expert witness testimony at the Arbitration proceeding.
On-going support during the process and carrying out additional analysis as needs arise

Our experts have led the work on over 30 long term LNG and piped gas reopeners linked to the Spanish Market, having assisted lawyers in preparing the statement of claims and having prepared five expert witness reports. Our experts have also prepared a number of rebuttal reports against the counterparty’s expert reporting as well as having given expert witness testimony to Arbitration Tribunals.

Our Philosophy

  • We focus on long term gas contracts into Europe with strong expertise in the Spanish market,
  • Our main market is Spain, although we also have experience working in Italy, France, UK and Germany.
  • We have experience in both LNG and gas pipeline contracts,
  • We provide credible expert witnesses and strong analytical back up,
  • We work closely with the client / lawyers in preparing the case.

Steven Taylor is a renowned expert in the field of Gas Arbitration and Price Reviews for long term LNG and Pipeline GSA reopeners having assisted lawyers in preparing the statement of claims and having prepared several expert witness reports for arbitration proceedings.

Arbitration Services
ONYX’s Arbitration Services for the gas & electricity industry include the full scope of services from the Contract Valuation (also called Strength of case analysis), the drafting of expert reports, and defending our work in arbitration hearings.

Strategic Advice
ONYX provides our clients with Strategic Advice based on over 30 years’ of experience in the Gas and Power industries from our core team of experts.

M&A services
ONYX offers a broad range of M&A services for the energy sector. Our experts have been involved in assisting both buyers and sellers to successfully complete transactions for all manner of technologies, but particularly for Renewable assets (wind and Solar CSP and PV), CCGT’s and within the gas industry, regasification terminals and  gas distribution networks.

Policy Advice
We have advised a number of clients on understanding the regulatory framework of a number of European markets by assessing the impact on all players in such markets, (i.e., Incumbents, IPPs, End users and RES generators).

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