The importance of certainty and predictability in oil and gas investment contracts

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Chapter 2 in Predictability in Oil and Gas Investment Agreements, 2024, pp 9-50 from Edward Elgar Publishing

Abstract: Oil and gas contracts possess characteristics which distinguish them from other agreements and other industries. Their public-private nature, owed to the fact that one of the parties is a sovereign state and the other a private party, creates a clash of norms and thus, a clash of interests. Such a clash is foundational in constructing the understanding of certainty and predictability through examination of case-law and linking it to the main political risk of indirect expropriation.

Keywords: Law - Academic (search for similar items in EconPapers)
Date: 2024
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