Home > Term: Favoured nation clause
Favoured nation clause
A provision in a gas purchase contract between a purchaser and a producer which increases the price to be paid for natural gas if any producer in the same field receives a higher price for natural gas than the price stipulated in the contract.
- Part of Speech: noun
- Industry/Domain: Energy
- Category: Natural gas
- Company: AGA
0
Creator
- Harry8L
-
(V.I.P) 574128 points - 100% positive feedback
(London, United Kingdom)
