Gas price rises and the impact on key clauses in sale and purchase contracts
Commodities markets are experiencing extreme price fluctuations, whether in metals, agri-commodities or energy. The various effects of the Covid-19 pandemic, supply chain disruption and unique weather activity have led to record price highs and lows.
We have written previously about some of the challenges commodities traders face and the steps they can take to protect themselves. Here we focus on the gas market, which is facing particular pressure, to consider how this may impact key clauses in gas sale and purchase contracts.