Gas & LNG Contracts: Structures, Pricing & Negotiation 2014

Due to the complex geopolitical nature of gas/LNG sourcing and long term nature of gas transactions between buyers and sellers, it is commercially prudent for those involved in this process to know the global gas/LNG supply situation, available techniques for price determination, contract negotiation and contract structure to be able to take appropriate action regarding these matters at present and provide safeguard for the future. Any misjudgement in any of these areas could result in wrong sourcing decisions, significant adverse financial consequences and legal liabilities.
This course has, therefore, been designed to enable the professionals in the gas sector and gas advisory services to make right sourcing decision, construct gas/LNG contracts and negotiate from a position of strength and knowledge in order to gain a competitive edge in the process.

Course Highlights
• Global gas/LNG market and market structure
• Current gas/LNG trading activities in Europe, USA, Asia Pacific, Atlantic and Middle East region
• Principles and formulation of gas/LNG Sales and Purchase Agreement (GSPA)(SPA) and Gas Transportation Agreement (GTA)
• Contract terminology and construction - operational, commercial and legal basis of gas, LNG and Gas Transportation Contracts
• Gas/LNG pricing strategy and price indexation in a competitive gas market
• Contract negotiation - best practice techniques
Key Learning Objectives
• Background knowledge to facilitate gas/LNG sourcing decisions
• Understanding current trends of the gas organisation structure
• Knowledge of the underlying reasons for gas contract terms and conditions
• Sufficient knowledge enabling construction of gas, LNG and gas transportation contracts
• Expertise for contract negotiation
• Techniques of gas/LNG pricing in a competitive market
• Understanding of operation of trading hubs, spot and arbitrage
• Knowledge of transportation tariff determi