Energy market volatility: contractual and non-contractual adjustment mechanisms

About this episode

Andrés Alfonso, Ashurst Corporate Partner based in Madrid, sits down with Matthew Saunders, Head of Ashurst's global international arbitration practice, and Emma Johnson, Partner in the international arbitration practice based in London, to talk about gas and LNG supply and the various contractual and non-contractual ways in which current energy market volatility and spot price increases might be addressed.

The trio discuss the current ‘perfect storm’ of circumstances which might give rise to gas and LNG disputes, including the impact that Russia’s invasion of Ukraine is likely to have on oil and gas supply and pricing. They discuss the various ways in which contract parties might attempt to reduce their exposure under long term contracts which are now 'out of the money'.

The information provided is not intended to be a comprehensive review of the law and practice relevant in this area and listeners should take legal advice before seeking to embark on any of the courses of action discussed in this podcast.