Last updated: 3 June 2026

AKAP Energy Limited is a company incorporated in England and Wales under company number 11135737, with its registered office at 37 Dennis Lane, Stanmore, HA7 4JS, England and with VAT number GB 316 667 192 ("AKAP Energy", "we", "us" or "our"). AKAP Energy operates the website www.akapenergy.com (the "Website").
 

1. Introduction

1. These terms and conditions (the "Terms") govern your access to and use of the Website and the content, data, reports, newsletters, analysis and related services made available by AKAP Energy through the Website, by email or by any other means (together, the "Service").

2. The Service is provided by AKAP Energy Limited.

3. The Service is made available to business customers only. By accessing, registering for or subscribing to the Service, you confirm that you are acting for purposes relating to your trade, business, craft or profession and not as a consumer.

4. If you access, register for or subscribe to the Service on behalf of an organisation, you confirm that you have authority to bind that organisation to these Terms. In that case, references to "you" include both you as the individual user and the organisation on whose behalf you act.

5. These Terms include: (i) the general terms of use that apply to all users of the Service; (ii) the registration terms that apply to registered users; and (iii) the subscription terms that apply to paid subscribers.

6. Certain parts of the Service may be subject to additional written terms, product descriptions, subscription confirmations or licence conditions notified by AKAP Energy. Unless AKAP Energy expressly agrees otherwise in writing, these Terms apply to all use of the Service.

7. If you access the Service through a third-party platform or service, the applicable terms of that third-party platform or service may also apply. AKAP Energy is not responsible for any third-party platform or service.
    

2. Definitions

For the purposes of these Terms:

"Affiliate" means any entity that controls, is controlled by, or is under common control with a party.

"Authorised Department" means the business unit, desk, function, team or department authorised to access the Service under an Enterprise Licence, as agreed with AKAP Energy.

"Authorised User" means a Named User or, in the case of an Enterprise Licence, an individual within the Authorised Department who is permitted to access the Service under the applicable licence.

"Content" means any content, data, reports, newsletters, pricing information, trade data, import or export data, market commentary, analysis, charts, tables, graphics, emails, PDFs, website content or other materials made available by AKAP Energy through the Service.

"Enterprise Licence" means a subscription licence permitting access by multiple Authorised Users within an Authorised Department and/or broader internal usage rights, as agreed with AKAP Energy.

"Internal Distribution" means the forwarding, circulation, sharing, uploading, storing or making available of Content to any other individual within an organisation.

"Named User" means the individual subscriber or authorised individual identified at the time of purchase or otherwise approved by AKAP Energy.

"Subscription Confirmation" means the applicable subscription page, invoice, renewal confirmation, email confirmation or other written confirmation issued by AKAP Energy describing the subscription tier, subscription term, fees, number of users, Authorised Department and/or other commercial details.
 

3. Age and Business Status

1. By using or subscribing to the Service, you confirm that you are at least 18 years old.

2. The Service is intended for business use only and is not intended for consumers. You must not subscribe to the Service in a personal, domestic or consumer capacity.
    

4. Changes to these Terms and the Service

1. We may amend these Terms from time to time by posting an updated version on the Website. The updated Terms will apply from the date they are posted unless stated otherwise.

2. We may make changes to the Service from time to time, including by modifying, adding, removing, suspending or discontinuing particular features, reports, newsletters, data series, delivery methods or subscription options.

3. Where a material change materially reduces the core functionality of a paid subscription during the then-current subscription term, we will use reasonable endeavours to notify affected subscribers.

4. Your continued use of the Service after updated Terms are posted constitutes acceptance of the updated Terms. If you do not accept any updated Terms, you must stop using the Service and cancel your subscription in accordance with these Terms.
    

5. Privacy

Please review our Privacy Policy at https://www.akapenergy.com/privacy-policy. By registering for, subscribing to or otherwise using the Service, you acknowledge that we may collect and process personal information as described in our Privacy Policy.
 

6. Registration and Account Security

1. Access to certain parts of the Service may require you to register for an account and create login details.

2. You must provide complete and accurate information during registration and must promptly notify us of any changes to that information.

3. Login details are personal to the relevant Authorised User and must not be shared with any other person.

4. You are responsible for maintaining the confidentiality of your login details and for all activity carried out using those login details.

5. You must promptly notify us of any actual or suspected unauthorised use of your account or login details by contacting us at https://www.akapenergy.com/contact.

6. We may suspend or terminate access where we reasonably believe that login details have been shared, compromised or misused.
    

7. Subscriptions, Licence Scope and Access

1. AKAP Energy will process subscription orders as soon as reasonably practicable, although delays in activation may occur.

2. A subscription agreement is formed only when AKAP Energy has accepted and processed the subscription order and granted access to the relevant parts of the Service.

3. AKAP Energy may reject any subscription application at its discretion.

4. AKAP Energy currently offers subscription tiers including Basic, Natural Hydrogen, Premium and Enterprise. The Content and features available under each tier are as described on the Website or in the applicable Subscription Confirmation and may vary by tier.

5. Website login access and emailed newsletters may be available under Basic, Natural Hydrogen, Premium and Enterprise subscriptions, depending on the applicable subscription tier.

6. PDF reports may be available under Basic, Premium and Enterprise subscriptions, depending on the applicable subscription tier.

7. Pricing data and trade, import or export data are available only where expressly included in the applicable subscription tier, currently Premium and Enterprise.

8. Bespoke analyst calls are available only where expressly included in an Enterprise Licence and are subject to availability and any usage limits agreed with AKAP Energy.

9. Unless expressly agreed by AKAP Energy in writing, subscriptions do not include Excel files, raw data files, market models, archive access, bespoke research or data requests, API access or bulk download rights.

10. Basic, Natural Hydrogen and Premium subscriptions are licensed to a single Named User only, unless AKAP Energy expressly agrees otherwise in writing.

11. Enterprise Licences are intended for organisations requiring access by multiple users within an Authorised Department or where Content is to be distributed internally within that Authorised Department.

12. Unless expressly agreed otherwise in writing, an Enterprise Licence is department-wide only and does not permit company-wide, group-wide or Affiliate-wide access.

13. Organisations requiring access for multiple users, teams, departments, Affiliates or broader Internal Distribution of Content must obtain an Enterprise Licence or other written permission from AKAP Energy.

14. Enterprise licensing may be required based on organisational size, number of users, usage patterns, Internal Distribution requirements or intended use.

15. AKAP Energy may require a subscriber to obtain or migrate to an Enterprise Licence where the subscriber's intended or actual use exceeds the scope of a Basic, Natural Hydrogen or Premium subscription.

16. Where AKAP Energy reasonably determines that a Basic, Natural Hydrogen or Premium subscription is being used by more than one individual, shared within an organisation or otherwise used beyond its permitted scope, AKAP Energy may require the subscriber to migrate to an Enterprise Licence as a condition of continued access to the Service.
     

8. Permitted Use

1. Subject to these Terms and payment of all applicable fees, AKAP Energy grants each subscriber a limited, non-exclusive, non-transferable, revocable licence to access and use the Service and Content during the applicable subscription term.

2. A Named User may use the Content solely for their own internal business purposes and may refer to high-level conclusions and limited, insubstantial extracts from the Content in internal analysis, notes or discussions in the ordinary course of their work.

3. The permission in Section 8(b) does not permit a Named User to circulate the original Content, reproduce substantial parts of the Content, distribute reports, datasets, newsletters or analysis, create a substitute for the Service, or make Content available to other users within or outside their organisation.

4. Under an Enterprise Licence, Content may be shared internally only within the Authorised Department and only with Authorised Users, unless AKAP Energy expressly agrees otherwise in writing.

5. Subscribers must retain all copyright notices, proprietary notices, source references and disclaimers included in the Content.

6. No rights are granted except as expressly set out in these Terms.
    

9. Licence Restrictions

Except as expressly permitted by these Terms or agreed by AKAP Energy in writing, you must not:

1. share login credentials or permit any other person to access the Service using your account;

2. permit access by multiple individuals under a single Named User subscription;

3. forward, circulate, upload, post, copy, reproduce, publish, distribute, transmit, make available or otherwise redistribute Content to any person;

4. upload Content to shared drives, intranets, SharePoint, Teams channels, knowledge management systems or similar repositories, except where expressly permitted under an Enterprise Licence and access is restricted to the Authorised Department;

5. externally publish, quote, attribute, reproduce or distribute Content, including in client materials, investor presentations, research notes, transaction materials, press articles, marketing materials, public reports or websites;

6. use Content to provide services to a third party, develop competing products, create derivative databases, create market models, train datasets, create benchmarks or create any product or service that substitutes for or competes with the Service;

7. scrape, crawl, spider, harvest, mine, systematically download, bulk export, cache or archive Content;

8. remove, obscure or alter any copyright notice, proprietary notice, watermark, source reference or disclaimer;

9. circumvent access controls, security features or usage restrictions;

10. reverse engineer, decompile, disassemble or otherwise attempt to derive the source code, structure or underlying systems of the Website or Service;

11. use the Service or Content in breach of applicable law, regulation, sanctions or export control requirements; or

12. authorise, assist or permit any other person to do any of the above.
     

10. Artificial Intelligence and Automated Processing

1. You must not upload, submit, input, prompt, copy, store, process, index, embed or otherwise make available any Content to any artificial intelligence system, large language model, machine learning model, chatbot, automated assistant, retrieval-augmented generation system, search system, knowledge management system or similar technology.

2. You must not use Content to train, fine-tune, test, validate, benchmark, improve or develop any artificial intelligence system, machine learning model, algorithm, database, analytical product or automated tool.

3. You must not create embeddings, vector databases, summaries, databases, structured datasets or other derived outputs from Content for use in or by artificial intelligence systems or automated tools.

4. This Section applies whether the relevant system or tool is provided by a third party, hosted internally by your organisation or otherwise made available to you.
    

11. Payment, Pricing, Renewal and Cancellation

1. Unless otherwise agreed by AKAP Energy in writing, subscriptions are billed annually in advance by invoice and are subject to a minimum subscription term of one year.

2. You must provide complete and accurate billing and payment information and warrant that you are authorised to use the payment method or payment process provided.

3. You agree to pay all subscription fees, taxes and other charges specified at the time of purchase or renewal.

4. Invoices are payable within the period stated on the invoice. If no payment period is stated, invoices are payable within 30 days of the invoice date.

5. Subscriptions renew automatically for successive one-year terms unless cancelled in accordance with this Section.

6. To prevent automatic renewal, you must notify AKAP Energy of cancellation at least 30 days before the end of the then-current subscription term by contacting us at https://www.akapenergy.com/contact.

7. Cancellation takes effect at the end of the then-current subscription term. You will not receive a refund for the current subscription period unless required by law or agreed by AKAP Energy in its discretion.

8. AKAP Energy may change subscription prices for future renewal terms by giving reasonable notice before the renewal date. Price changes do not affect the then-current paid subscription term.

9. Any discounts, introductory prices, trials or promotional arrangements apply only for the period expressly stated by AKAP Energy.

10. AKAP Energy may suspend or terminate access where payment is overdue, payment authorisation is not received, payment is reversed or billing information is inaccurate.

11. You are responsible for any bank charges, transfer fees, currency conversion charges, taxes, withholding taxes or other third-party charges associated with payment.
     

12. Confidentiality

1. Paid Content, non-public data, subscription pricing, commercial terms and any other information identified as confidential or which should reasonably be understood to be confidential are confidential information of AKAP Energy.

2. You must keep AKAP Energy's confidential information confidential and must not disclose it except as expressly permitted by these Terms or agreed by AKAP Energy in writing.

3. AKAP Energy will treat non-public information provided by you to AKAP Energy in connection with the Service as confidential and will not disclose it except as required to provide the Service, comply with law, enforce these Terms or protect AKAP Energy's rights.

4. Confidentiality obligations do not apply to information that is publicly available other than through breach of these Terms, lawfully received from a third party without confidentiality restrictions, independently developed without use of confidential information, or required to be disclosed by law or regulation.

5. This Section survives termination or expiry of your subscription.
    

13. Intellectual Property

1. AKAP Energy is the owner or licensee of all intellectual property rights in the Website, Service and Content, including the AKAP Energy name and mark. All such rights are reserved.

2. You are not granted any rights in the Website, Service or Content except for the limited licence expressly set out in these Terms.

3. No part of the Website, Service or Content may be copied, reproduced, republished, uploaded, posted, modified, transmitted, distributed, sold, licensed, sublicensed, commercially exploited or otherwise used except as expressly permitted by these Terms or agreed by AKAP Energy in writing.

4. Any feedback, ideas, suggestions or comments you provide to AKAP Energy may be used by AKAP Energy without restriction or obligation to you, provided that AKAP Energy will not disclose your confidential information except as set out in these Terms.
    

14. Third-Party Data and Source Materials

1. The Service and Content may include, refer to or be based on information obtained from third-party sources, public sources, government sources, company materials, customs or trade data providers, pricing sources, industry sources or other external sources.

2. AKAP Energy uses reasonable care in preparing the Content but does not guarantee the accuracy, completeness, timeliness, availability or reliability of any third-party data, source material or underlying information.

3. Third-party data and source materials may be delayed, incomplete, revised, restated, withdrawn, subject to licence restrictions or otherwise subject to limitations outside AKAP Energy's control.

4. You are responsible for assessing the suitability of the Content for your own purposes and should not rely on the Content as the sole basis for any commercial, investment, trading or operational decision.
    

15. No Investment, Legal or Tax Advice

1. The Service and Content are provided for general information and market commentary purposes only.

2. AKAP Energy is not authorised or regulated by the Financial Conduct Authority.

3. AKAP Energy does not provide personalised investment advice, financial advice, legal advice, tax advice or regulated investment services.

4. The Content does not constitute a recommendation to buy, sell, hold, avoid or otherwise deal in any security, financial instrument, commodity, currency, investment, project, company or asset.

5. References to companies, securities, transactions, projects, commodities or markets are provided as market commentary only.

6. You are responsible for making your own independent assessment and for obtaining appropriate professional advice before making any commercial, investment, trading, legal, tax or operational decision.
    

16. Third-Party Sites and Services

1. The Service may include links or references to third-party websites, materials, applications, services or data sources.

2. AKAP Energy does not control, endorse or accept responsibility for any third-party websites, materials, applications, services or data sources.

3. Your use of any third-party website, material, application, service or data source is at your own risk and may be subject to separate terms and conditions.
    

17. User Materials and Communications

1. If you send comments, feedback, data, documents, emails, enquiries or other materials to AKAP Energy, you confirm that you have the right to do so and that doing so will not breach any law, contractual obligation or third-party right.

2. You must not send any material that is unlawful, defamatory, infringing, confidential to a third party without permission, misleading, malicious, discriminatory, offensive, harmful or that contains viruses, malware or harmful code.

3. AKAP Energy may use feedback, suggestions and general market observations you provide to improve its services, provided that AKAP Energy will not disclose your confidential information except as set out in these Terms.
    

18. Export Controls and Sanctions

1. You must comply with all applicable export control, trade sanctions, anti-boycott and restricted party laws and regulations, including those of the United Kingdom, the European Union, the United States and any other applicable jurisdiction.

2. You represent and warrant that neither you nor your organisation is subject to sanctions, listed on a restricted party list, or located in a jurisdiction where access to the Service would be prohibited by applicable law.

3. AKAP Energy may suspend or terminate access where it reasonably believes that continued provision of the Service may breach sanctions, export controls or other applicable legal requirements.
    

19. Suspension and Termination

1. AKAP Energy may suspend or terminate access to the Service, registration or any subscription where:

   1. you breach these Terms;

   2. you fail to pay any amount when due;

   3. AKAP Energy reasonably believes that a subscription is being used beyond the permitted scope of the applicable licence;

   4. AKAP Energy reasonably believes that login credentials have been shared, compromised or misused;

   5. AKAP Energy reasonably believes that Content has been distributed, uploaded, disclosed or used in breach of these Terms;

   6. AKAP Energy reasonably believes that continued access may breach law, sanctions, export controls or third-party rights; or

   7. circumstances arise beyond AKAP Energy's reasonable control.

2. Where AKAP Energy reasonably believes that a subscription is being used beyond its permitted scope, AKAP Energy may require you to provide reasonable information about the number of users, intended use, actual use, departments accessing the Service and any Internal Distribution of Content.

3. AKAP Energy may require migration to an Enterprise Licence or other appropriate licence as a condition of continued access.

4. Termination or expiry of a subscription does not affect any rights, obligations or liabilities that have accrued before termination or expiry.

5. Sections relating to licence restrictions, confidentiality, intellectual property, third-party data, no advice, liability, indemnity, governing law and any other provisions intended to survive will survive termination or expiry.
    

20. Our Liability

1. Nothing in these Terms excludes or limits liability for death or personal injury caused by negligence, fraud or fraudulent misrepresentation, or any other liability that cannot lawfully be excluded or limited.

2. The Service and Content are provided on an "as is" and "as available" basis. AKAP Energy does not warrant that the Service will be uninterrupted, error-free, secure or available at all times, or that the Content will be accurate, complete, current or suitable for your purposes.

3. AKAP Energy will not be liable for loss of profits, loss of revenue, loss of business, loss of contracts, loss of anticipated savings, loss of goodwill, loss of data, business interruption, trading losses, investment losses, operational losses, reputational damage or any indirect or consequential loss.

4. Subject to Section 20(a), AKAP Energy's total liability arising out of or in connection with these Terms, the Service or any Content, whether in contract, tort (including negligence), breach of statutory duty or otherwise, is limited to £100.

5. AKAP Energy is not liable for any loss or damage arising from third-party data, third-party websites, third-party services, errors or delays in source materials, unauthorised access to your systems, your use of the Content, or decisions taken in reliance on the Content.
    

21. Indemnity

You agree to indemnify and hold harmless AKAP Energy, its Affiliates, officers, directors, employees, contractors and licensors from and against any losses, liabilities, damages, costs and expenses arising out of or in connection with your breach of these Terms, misuse of the Service, unauthorised distribution or disclosure of Content, infringement of third-party rights, use of Content in breach of licence restrictions, or breach of applicable law.
 

22. Notices and Contact

1. AKAP Energy may contact you using the email address, billing address or other contact details you provide.

2. You may contact AKAP Energy using the contact form at https://www.akapenergy.com/contact or using the following details:

   • Address: 37 Dennis Lane, Stanmore, HA7 4JS, United Kingdom

   • Email: info@akapenergy.com

   • Telephone: +44 (0) 3333 446 360
      

23. General

1. These Terms constitute the entire agreement between you and AKAP Energy regarding your use of the Service and supersede all previous agreements, understandings or arrangements relating to their subject matter, unless AKAP Energy expressly agrees otherwise in writing.

2. If any provision of these Terms is found to be invalid, unlawful or unenforceable, that provision will be deemed modified to the minimum extent necessary to make it valid, lawful and enforceable. If modification is not possible, the relevant provision will be deemed deleted. The remaining provisions will continue in full force and effect.

3. A failure or delay by AKAP Energy to enforce any provision of these Terms does not constitute a waiver of that provision or any related right.

4. You may not assign, transfer, subcontract or otherwise dispose of any rights or obligations under these Terms without AKAP Energy's prior written consent.

5. AKAP Energy may assign, transfer or subcontract its rights or obligations under these Terms to an Affiliate or in connection with a reorganisation, merger, acquisition, sale of business or similar transaction.

6. No person other than AKAP Energy, its Affiliates and you has any right to enforce these Terms.

7. AKAP Energy will not be responsible for any failure or delay in performing its obligations where that failure or delay results from events outside its reasonable control.

8. The United Nations Convention on Contracts for the International Sale of Goods does not apply to these Terms, the Service or any Content.

24. Governing Law and Jurisdiction

1. These Terms, and any dispute or claim arising out of or in connection with them, the Service or any Content, including non-contractual disputes or claims, are governed by the laws of England and Wales.

2. The courts of England and Wales have exclusive jurisdiction over any dispute or claim arising out of or in connection with these Terms, the Service or any Content, including non-contractual disputes or claims.