Overview:
Level: Intermediate/Advanced
Natural gas is widely seen as a key component of the world’s energy solution. This intensive training course will enable you to better understand the way that natural gas and contracts interlink with each other. At the end of the training course you will be fully prepared to return to your workplace armed with the best techniques to minimise commercial risk associated with various contracts. You will leave with the knowledge necessary to position your company in the optimum place to negotiate the best deal by understanding these complex processes and terms.
By Attending This Course You Will:
• Overcome the difficulties and develop the skills to negotiate the ideal Sale & Purchase Agreement
• Understand all the contracts and how natural gas and LNG projects are structured
• Identify and minimise risks involved in contracts
• Fully prepare yourself to select the most relevant agreement
• Improve your awareness of gas and LNG project financing
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 & lawyers
• Negotiators
• Commercial managers
• Business development managers
• Executives from power generating companies
• Executives from distributing companies
• Executives from industrial power users
• Bankers
Course Leader: Thomas E. Valentine
Course Outline
1. Introduction to Course Objectives
2. Host Country Issues
a. Common Terms & Measurements
b. History, Demand, Reserves & Trading
c. Industry Elevation
d. Gas
e. Market Examination
f. Host Country Risk Assessment
g. Project Issues – Legal & Commercial
h. Types of Host Government Contracts
i. Specific Issues in Host Government Contracts
3. Specific Upstream Agreements
a. Exploration & Production Sharing Agreements (“ESPA”)
b. Gas Sale Agreement (“GSA”)
c. Development & Fiscal Agreement (“DFA”)
d. Development & Production Sharing Agreement (“DPSA”)
e. Joint Venture Agreement (“JVA”)
4. Project Finance
a. Information Memorandum
b. The Commitment Letter Credit Agreements
5. LNG Sale & Purchase Agreement (“SPA”)
6. Shipping Issues
a. Time Charter Party Agreement
7. The Engineering Procurement & Construction Contract (“EPC”)
8. The Terminal Use Agreement (“TUA”)
a. General Terms & Conditions
b. Annual Capacity Charge
9. Other Types of Legal Agreements
a. Confidentiality Agreement
b. Study & Bid Agreement
c. Project Feasibility Study
d. Safety Concerns
e. Additional Matters
Course Cost: £2,399 + VAT
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