Gas Sales and Gas Transportation Agreements: Principles and Practice 3rd edition

Author	Peter Roberts
Publisher	Sweet & Maxwell
Product	Gas Sales and Gas Transportation Agreements: Principles and Practice 3rd edition Book+CD	£310+VAT

August 2011

Features

Gas Sales and Gas Transportation Agreements provides you with a detailed hands-on guide to the drafting, negotiation and interpretation of natural gas and LNG trading, storage and transportation contracts.

It brings you in-depth discussion of the law and practice of structuring projects for the sale, storage and transportation of gas or LNG and includes expertly drafted precedent agreements that demonstrate the practical mechanics of putting a deal together.

• Explains the critical components of the agreements which set out the terms between buyers, sellers, transporters and shippers, leading to the sale, storage and transportation of gas and LNG.
• Discusses the nature of gas and LNG and the contracting process
• Offers clause-by-clause commentary on the typical provisions within gas and LNG sales, storage and transportation agreements
• Pinpoints the key issues and suggests solutions to problems that can arise
• Identifies the legal and commercial issues involved at each stage, from quality specification and force majeure to liabilities, limitations and dispute resolution, and advises how they should be handled in the contract

New to this edition

• Includes a new chapter on the structuring and regulation of gas storage projects
• Features new material on competition law and regulatory principles applicable to gas and LNG projects
• Price reviews and reopeners are dealt with in an extra chapter, looking into price reviews, hardship and common principles
• Additional precedent drafting for gas and LNG project contracts

Contents

SECTION I

Part A - General Principles of Gas and LNG Sales and Transportation Projects

1. The Nature of Gas

2. Project Structuring

3. The Contracting Process

4. Gas Storage

5. Regulatory Issues

Part B – Gas and LNG Sales Arrangements

6. Gas and LNG Sales Contracts

7. Parties and Collateral Support

8. The Delivery Point and Delivery

9. Term and Effectiveness

10. Quantities, Rates and Reserves

11. Nominations and Scheduling

12. Shortfall

13. Undertake Gas and Overtake Gas

14. Gas and LNG Pricing

15. Price Review Provisions

16. Take and Pay, Take or Pay

17. Make Up and Carry Forward

Part C – Gas and LNG Transportation Arrangements

18. Principles of Pipeline Gas Transportation

19. Parties to the GTA and Collateral Support

20. Term and Duration

21. The Input Point, the Delivery Point and Delivery

22. The Transporter's and the Shipper's Obligations

23. Quantities and Capacities

24. Tariff and Capacity Payments

25. Ship or Pay

26. Transporter and Shipper Failure

27. Commingling, Allocation and Attribution

28. LNG Shipping

Part D – Common Components of Gas and LNG Sales and Transportation Arrangements

29. Invoicing and Payment

30. Quality Specification

31. Off-Specification Gas and LNG

32. Measurement

33. Facilities

34. Maintenance

35. Force Majeure

36. Liabilities and Limitations

37. Transfers, Third Party Performance and Control

38. Termination

39. Dispute Resolution

40. Other Provisions

SECTION II

Appendix A – Proforma Gas Sales Memorandum of Understanding

Appendix B – Proforma Gas Sales Agreement

Appendix C – Proforma Gas Transportation Memorandum of Understanding

Appendix D – Proforma Gas Transportation Agreement

Appendix E – Additional Drafting

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