Gas Price Arbitration in The Light of Experts’ Role: A Conceptual Analysis with a Reference to Iran–Turkey Case

Heydari Roochi, Niloofar; Ebrahimi, Nasrollah

doi:10.22050/pbr.2019.112867

Document Type : Original Article

Authors

¹ Master in Oil and Gas Law, University of Tehran, Tehran, Iran

² Associate Professor, Faculty of Law and Political Science, University of Tehran, Tehran, Iran

https://doi.org/10.22050/pbr.2019.112867

Abstract

Unlike many arbitrations, the arbitration procedure for price reviews in gas industry contracts is not based on allegations that one party has breached a contract or otherwise committed a legal wrong. Instead, arbitrators are asked to determine whether the economics of a contract has been changed in the market and thus should be adjusted; if so, a new price formula should be established. Due to the complexity of the revision of gas prices, the gas experts have significant role in these arbitrations. Regarding the role of gas experts, gas price arbitrations have specific nature. In this article, the nature of these arbitrations is examined to establish whether they are arbitration or expert determination as one of alternative dispute resolutions (ADR). Iran has the second proven natural gas resources worldwide and is the third natural gas producer in the world, so Iran–Turkey case will come under scrutiny in this article.

Keywords

20.1001.1.26454726.2019.3.2.2.4

Main Subjects

Law Studies

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Petroleum Business Review

Gas Price Arbitration in The Light of Experts’ Role: A Conceptual Analysis with a Reference to Iran–Turkey Case

References

References

Volume 3, Issue 2 - Serial Number 7
June 2019
Pages 15-27

Gas Price Arbitration in The Light of Experts’ Role: A Conceptual Analysis with a Reference to Iran–Turkey Case

References

References

Volume 3, Issue 2 - Serial Number 7June 2019Pages 15-27

Volume 3, Issue 2 - Serial Number 7
June 2019
Pages 15-27