This intensive course will fully prepare you to negotiate the best deal by understanding the complex processes and terms involved in Gas and LNG Contracts. You will return to work with techniques and knowledge to

minimise risk and draft robust contracts.

The course is interactive and includes practical exercises, real life case studies and draft contracts to facilitate learning.

HOST COUNTRY ISSUES: COMMON TERMS AND MEASUREMENTS•

HISTORY, DEMAND, RESERVES AND TRADING•

INDUSTRY UPDATE•

TYPES OF HOST GOVERNMENT CONTRACTS•

ISSUES IN HOST GOVERNMENT CONTRACTS•

PRODUCTION SHARING CONTRACTS: (EPSA, DPSA, DFA)•

JOINT VENTURE AGREEMENT•

SIMULATION EXERCISE: SELECTING THE MOST APPROPRIATE AGREEMENT•

SALE AGREEMENT FOR GAS AND LNG: GSA AND SPA•

ESSENTIALS OF NEGOTIATION•

KEY FACTORS IN CONTRACT NEGOTIATION•

SIMULATION EXERCISE: NEGOTIATING AND DRAFTING AN “SPA”•

PROJECT FINANCE•

THE ENGINEERING, PROCUREMENT AND CONSTRUCTION CONTRACT (EPC)•

SHIPPING ISSUES AND TIME CHARTER PARTY AGREEMENTS•

FLOATING LNG•

CASE STUDY: The Panama canal expansion project•

THE TERMINAL USE AGREEMENT•

RECEIVING TERMINALS (ANNUAL CAPACITY CHARGE)•

LNG PROJECT STRUCTURING

CONTRACTS EXAMINED:•

Gas Sale Agreement (GSA)•

LNG Sale and Purchase Agreement (SPA)

Specific upstream agreements:

• Exploration and Production Sharing (EPSA)

• Development and Fiscal Agreement (DFA)

• Development and Production Sharing (DPSA)

• Joint ventures•

EPC Contract (EPC)•

Project finance•

Time charter party agreement•

Terminal use agreement•

Decommissioning

WHO SHOULD ATTEND:

All professionals involved in natural gas and LNG who wish to gain an effective understanding of the main aspects of contracts. This includes:•

Legal counsels and lawyers•

Negotiators•

Contract analysts•

Commercial managers•

Business development managers•

Planning managers•

Marketing managers•

Energy buyers & sellers•

Government officials •

BY ATTENDING THIS COURSE YOU WILL:•

Understand the commercial and legal features of Gas and LNG Contracts•

Learn and practice how to draft and negotiate the best value from key contracts such as the LNG Sale and Purchase Agreement (SPA)•

Identify and minimise the risk involved in Gas and LNG Contracts•

Overcome the complexities and develop the skills to draft and negotiate the ideal SPA