Document Type : Original Article
Authors
1 PhD in Oil and Gas Law, Faculty of Law and Political Science, University of Tehran, Tehran, Iran.
2 MA in Oil and Gas Law, University of Science and Culture, Tehran, Iran
Abstract
LNG sell and purchase contacts were common contracts in gas industry and revision and price determination are important issues because of being long term. This article investigate the relationship among system evolution of the price determination with revision condition, effect investigation of global changes such as market liberalization, contagious disease and war on this market.
The writer has used the latest articles and books to investigate on the subject and in this way by analytic-descriptive method these conclusion has been achieved:
these contracts were traditionally long term and price determination was fixed based, on oil and gas to gas competition, and mixture of gas and oil competition method of gas with gas reflects the market realities. It has been cleared by changing price determination method from oil to gas and wave of revision, this issue has influenced on price revision and recent changes have evolved the market as increase and decrease in demand and influence on prices, the amount of production and investment.
Keywords
- "LNG sale and purchase contracts"
- "market liberalization"
- "price determination"
- "price revision clause"
Main Subjects
©2024 The author(s). This is an open access article distributed under Creative Commons Attribution 4.0 International License (CC BY 4.0)
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