Energy "Contract Distancing" for COVID-19
On May 29, Kent Bayazitoglu spoke at a virtual seminar hosted by the London based public international law firm of Volterra Fietta on the implications of COVID-19 on energy contracts. The virus has slashed energy demand and has put a wide spectrum of energy producers, intermediaries, and consumers on the verge of bankruptcy. These distressed firms have a modified framework for viewing and reacting to unfavorable contracts. In addition, spare capacity, pricing transparency, and other factors are discussed that make it more tempting for firms to break away from or “contract distance” from adverse agreements.
Kent C. Bayazitoglu
- Oil & Gas Production / Natural Gas and NGLs / Petroleum Refining / Transportation and Storage
- Commercial Contracts / Markets & Strategy