Oil & Gas: force majeure and natural gas sale and purchase agreementsNatural Gas Sale and Purchase Agreement • October 27th, 2015
Contract Type FiledOctober 27th, 2015This Article involves the case of Scottish Power UK Plc v BP Exploration Operating Company Ltd and others [2015] EWHC 2658 (Comm). In summary, Scottish Power entered into four long-term agreements (on materially identical terms) for the sale and purchase of natural gas (“Agreements”). It agreed to purchase from the sellers (BP Exploration Operating Company Limited, Talisman Sinopec North Sea Limited, ENI TNS Limited and JX Nippon Exploration and Production (UK) Limited (“the Andrew owners” or “Sellers”)) natural gas produced from the Andrew Field.