摘要
Abstract
The Asia-Pacific LNG Long-Term Contract Price Review Clause can effectively avoid situations where the oil/gas price relationship is significantly out of line with prevailing natural gas market conditions during the execution of a long-term contract,and give both buyers and sellers the right to reasonably manage the risk of fluctuations in the long-term contract price.Adjustments to the value of LNG long-term contracts are not only reflected in the contract price terms,but such other key terms as the contract term,contract volume,destination,and source terms,which also indirectly affect the valuation of the long-term contract.Starting from the pricing mechanism of the Asia-Pacific LNG LCC,the paper introduces the purpose of the review clause,as well as triggering conditions,reference standards,dispute resolution,and other components,and analyzes business strategies before initiating the review,entering the negotiation stage,and reaching an agreement or forming a dispute.Future changes in the price review of long-dated Asia-Pacific LNG contracts will be characterized by decoupling the contract price from the oil price,more flexibility related to price review in the contract,and elevated the status of the third-party dispute resolution mechanism.There are such two implications for Chinese participants in the Asia-Pacific LNG long-term contract market as formulating forward planning,systematic organization,resource integration,and dynamic policy-making;and strengthening cooperation to jointly accelerate the natural gas marketization process.关键词
液化天然气(LNG)/长约/长期合同/合同条款/定价机制/价格复议Key words
LNG/long-term contracts/contract terms/pricing mechanisms/price reviews分类
管理科学
