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publication | GAR

From Disruption to Dispute: How Market Conditions Shape Energy Arbitrations

May 21, 2026
Intelligence That Works

Energy market volatility, driven by geopolitical conflict, policy changes, and supply disruptions, has significantly increased the scale and complexity of arbitration disputes in recent years. These disputes typically center on force majeure claims, contract breaches, and price reviews as parties struggle to adapt long-term agreements to rapidly changing market conditions.

Recent shocks, including the Russia–Ukraine war and 2026 Iran conflict, have intensified price swings and triggered high-value, multibillion-dollar claims. As volatility continues, energy arbitrations are expected to grow in both frequency and complexity, requiring more sophisticated economic and legal analysis.

Christopher Goncalves and Li Li covered this topic in an article from the seventh edition of GAR’s The Guide to Energy Arbitrations.

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