Liquefied Natural Gas Sales & Purchase Agreements Must Agree on Annual Delivery Programme
Sellers and buyers of many of the world’s long-term liquefied natural gas LNG sales and purchase agreements SPAs must agree on the Annual Delivery Programme ADP. With global gas/LNG shortage and spot prices reaching record highs, there is a huge discrepancy between long-term LNG and spot LNG prices.
South Korea Delivery Programme Annual Delivery Programme Title Transfer Facility Upward Quantity Tolerance Downward Quantity Tolerance
Source: natlawreview.com