Steven H. Levine

Mr. Levine is an expert in the economics of the natural gas, oil, and liquefied natural gas (LNG) industries.

He has over 30 years of experience advising clients on complex oil & gas litigation matters, and frequently applies economic and finance principles to estimate damages and value oil and gas assets and contracts. He has worked on cases in legal, arbitration, and regulatory forums in the US, Canada, and internationally. He has substantial experience evaluating oil, natural gas, and LNG contracts, including long-term purchase and sale agreements; pipeline transportation, gathering and processing, and natural gas storage contracts; and fiscal regimes between international oil companies and host governments.

Mr. Levine has submitted expert testimony before the US Federal Energy Regulatory Commission (FERC), the Canada Energy Regulator, the California Public Utilities Commission, the Public Service Commission of Wisconsin, the Maine Public Utilities Commission, the Massachusetts Department of Public Utilities, and the Minnesota Public Utilities Commission. He has also submitted expert reports and testified in arbitration and US Federal Court proceedings, and was appointed by the London Court of International Arbitration to serve as a referee and provide an expert determination in a dispute involving the price of crude oil under long-term purchase and sale agreements. He has provided testimony on behalf of major energy companies, including electric and gas utilities and natural gas pipelines, as well as the US Department of Justice, the US Department of the Interior, the Maine Office of the Public Advocate, and the Massachusetts Office of the Attorney General.

Mr. Levine’s experience in regulatory economics includes analyzing the rates charged by natural gas and oil pipelines, the business risks faced by natural gas pipelines, the economic justification for proposed natural gas pipelines and LNG peak shaving plants, the reasonableness of natural gas procurement and risk management decisions, and competition and market manipulation issues in natural gas markets. He is an author of “Understanding Natural Gas Markets” and “Understanding Crude Oil and Product Markets,” both prepared for the American Petroleum Institute.