The petroleum industry is highly specialised. Over the centuries, it has developed many standard petroleum arrangements and contracts that are not familiar to all across the industry – and even less to the outside world. Each has its own detailed terms and provisions.
This new edition uniquely combines an encyclopaedia with commentary on both midstream and downstream activities. The topics it covers include energy policies; the relevant players in the sector – from governmental authorities to national oil companies; gas storage; the regulatory and contractual frameworks governing gas and sales agreements; liquefied natural gas; pipelines; distribution networks; and refineries. It has also been expanded with new chapters covering topics such as:
Shipping;
Antitrust;
Third-party access;
Taxation; and
ESG.
This approach enables all those involved in the petroleum industry to master the necessary legal terms in one publication. Chapters are written by leading experts from across the globe to provide the best industry practices and standards.
The encyclopaedia will serve as a valuable tool for lawyers, industry professionals, consultants and academics who are interested in understanding the key legal terms and provisions of the oil and gas industry.
Table of Content
Introduction 5
Eduardo G Pereira
Professor of natural resources and energy law
Kim Talus
University of Eastern Finland Law School; Tulane University; University of Helsinki
Reg Fowler
New Age African Global Energy
Part I: Oil products
Downstream and domestic price subsidies: an overview 7
Reg Fowler
New Age African Global Energy
The refining industry 15
David Wood
Sanchez Wood Limited
Petroleum storage 43
Peter Roberts
Cross Keys Energy
Part II: Natural gas and LNG
Gas sales agreements 57
Seyram Dzikunu
Bentsi-Enchill, Letsa & Ankomah
Thomas Kojo Stephens
Stobe Law; University of Ghana School of Law
LNG sales agreements: towards commoditisation? 79
Ruchdi Maalouf
KOGAS International
LNG export projects 101
André Andriw
Assentia Consulting
Gustavo Castro Ribeiro
Ferreira Silva
University of São Paulo
Lucas Mota de Lima
University of São Paulo; Energy Platform-En P
Eduardo G Pereira
Professor of natural resources and energy law
LNG shipping 133
Chantal Carriere
Latham & Watkins LLP
Carlos Diaz
White & Case LLP
Igor Tostes
Equinor Brasil
LNG import projects/LNG to power 155
Jose L Valera
Mayer Brown LLP
Downstream distribution network 171
Laura Huomo
Bird & Bird
Cea Mittler
Legal counsel
Storage projects 187
André Andriw
Assentia Consulting
Gustavo Castro Ribeiro Ferreira Silva
University of São Paulo
Lucas Mota de Lima
University of São Paulo
Cosmos Nike Nwedu
Federal University, Ndufu-Alike Ikwo
Eduardo G Pereira
Professor of natural resources and energy law
Part III: Cross-cutting issues
The legal aspects of cross-border pipelines 203
Chowdhury Ishrak Ahmed Siddiky
University of Asia Pacific
ESG considerations for midstream and downstream oil and gas 219
Elena I Athwal
Damilola S Olawuyi
Hamad Bin Khalifa University
Downstream taxation 241
Rafael Baleroni
Cescon, Barrieu, Flesch & Barreto
Marina Cyrino
Wintershall Dea
Antitrust 251
Paula Camara
Giovani Loss
Mattos Filho
Third-party access to energy infrastructure 273
John Paterson
University of Aberdeen
About the authors 285
About Globe Law and Business 293