The global COVID-19 pandemic and the recent oil price shocks are compounding the issues arising from an already oversupplied LNG market, providing for additional challenges to LNG traders globally. In this client alert we will identify the most common clauses typically found in SPAs to help mitigate challenging market conditions.
A quick look at Ofgem's 'minded to' consultation regarding changes to gas capacity charges under the the uniform network code (UNC678).
In September 2019 the Swiss Federal Office of Energy published the draft Gas Supply Act (available in German, French and Italian)(the GSA). The Federal Council commenced a consultation of the new GSA on 30 October 2019 which is open for comments by interested parties until 14 February 2020.