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LNG sales contracts: How we got to where we are now

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Thursday, 30 November 2006
By Philip R. Weems

This article is the first in a three-part series on the evolution of LNG sales contracts. In this issue the author highlights the emergence of take-or-pay and price review clauses

During the more than 40-year history of the LNG industry, customs and practices have developed with regard to documenting long-term LNG sales (“SPAs”).
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