LNG Price Review – the Asian Context

The concept of price review A number of long-term contracts for the sale and purchase of LNG contain price review provisions. But commentators will remind us[1] that price review provisions are contrary to the principle of sanctity of contract, because a contract should be performed just as it reads, as that is what the parties to it have agreed, having taken into account the risks and liabilities of entering into that contract, over a period of time. In English law, for exam