Abstract

Investments in oil and gas developments are inherently risk-laden and high-value operations. These features result in the energy industry being dominated by large international energy companies and increasingly exposed to the risks of oil and gas exploitation, including direct and indirect expropriation. This chapter assesses perhaps the most important instrument for the protection of investment in the energy sector, The Energy Charter Treaty (ECT). In so doing, it evaluates the application of the ECT to investor-state investments, considers the role and importance of sovereignty in the ECT, and offers an analysis of each of the pillars of the ECT relevant to the transit, trade, and investment in oil and gas. Finally, it appraises the ECT as a tool for the resolution of disputes in the oil and gas sector.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.