Take-or-Pay: Its Effect on Contracting Strategy in a Changing Gas Market
✍ Scribed by Bat la, Raymond J. ;Mason, Mary Anne
- Publisher
- John Wiley and Sons
- Year
- 2007
- Weight
- 330 KB
- Volume
- 3
- Category
- Article
- ISSN
- 0743-5665
No coin nor oath required. For personal study only.
✦ Synopsis
In recent years, lawyers for gas produccrs have been busy filing lawsuits to enforce take-or-pay provisions that piliclines have, in one way or another, unilaterally abrogat cd. Unless the pipeline:< undergo an unexpected sea change-an event that is unlikely in the absence of a dramatic turnaround in oil and gas markets --the torrent of take-or-pay disputes and litigation will continue unabated. We now have ample evidence from the coiirtrcwm and the settlcment table that the outcome of most cases is a foregone conclusion: Pipelines cannot cscape take-or-pay liability; their best hope is to reduce their bottom line payment to protfucers. 1