After the Squeeze: Repricing Long-Term Gas Contracts in a Post-Crisis Market: How Price Reviews Become Disputes and How Experts Resolve Them



Repricing Long-Term Gas Contracts in a Changing Energy Market
This eBook explores how geopolitical disruptions, market volatility, and evolving pricing benchmarks have transformed long-term gas contracts from tools of commercial certainty into sources of complex disputes. It explains how price review clauses operate, why disagreements arise, and the critical role expert evidence plays in helping tribunals assess market changes, interpret contractual obligations, and resolve pricing disputes fairly.
Frequently Asked Questions
Get answers to frequently asked questions about everything we do.
Why are long-term gas contracts increasingly being repriced?
Long-term gas contracts are being repriced because geopolitical events, supply disruptions, shifting trade routes, and evolving pricing benchmarks have significantly changed market conditions. As a result, pricing mechanisms that once reflected commercial reality may no longer produce fair outcomes.
What typically triggers a price review under a long-term gas contract?
A price review is usually triggered when market conditions change significantly, the contract price no longer aligns with comparable market prices, or the agreed price no longer reflects the economic value of the gas.
Why do price review disputes arise?
Disputes arise when parties disagree on whether market changes justify revising the contract price or how a revised price should be determined. These disagreements often stem from differing interpretations of price review clauses and market evidence.
What role do experts play in resolving gas pricing disputes?
Experts analyse pricing trends, comparable contracts, supply and demand, transportation costs, and market benchmarks to help tribunals determine whether contractual conditions for a price review have been met and what revised price best reflects the agreement.
Does a major market disruption automatically allow a contract price to change?
No. Events such as pandemics, conflicts, or shipping disruptions do not automatically entitle a party to a price adjustment. Whether a price can be revised depends on the wording of the contract and whether the event falls within the scope of the price review clause.