Legal Developments This Week
Legal RoundUpWeekly Roundup

A quick roundup to cover all the important legal developments and cases this week.

JKM TTF Pricing Clause
Case BriefsForeign Courts

The dispute arose from a five-year LNG charterparty under which hire was linked to the spread between the JKM and TTF LNG price indices. After market conditions shifted dramatically in 2022 and TTF began exceeding JKM for sustained periods, the Court examined how the contractual pricing formula was intended to operate in those circumstances.