Gas & LNG Markets, Pricing and Contracts

An Interactive 5 - Day Training Course

Gas & LNG Markets, Pricing and Contracts

Negotiating Profitably Petroleum Contracts

Classroom Dates
Register
06 - 10 May 2024
London
$5,950
Register
Register
14 - 18 Oct 2024
London
$5,950
Register
Register
16 - 20 Dec 2024
London
$5,950
Register
Online Dates
Register
16 - 20 Dec 2024
Online
$3,950
Register

The oil and gas industry are global in nature, and it involves trading pipeline gas and LNG in Africa, Europe, the Middle East, Asia, and North America. These markets have grown exponentially as a result of demand and deregulation, bringing tremendous business opportunities for all the stakeholders, including government entities, producers, sellers, transporters, and buyers, etc. High contract value, complicated commercial terms, volatile prices, cultural differences, and many other unpredicted risks have made contract negotiating, dispute resolution, and risk management more and more challenging.

Effective training in these areas becomes an urgent need for relevant executives in both the public and private sectors. In response to such industry dynamics, including consideration to the dispute resolution options. This advanced masterclass on oil and gas, and LNG sales agreement will provide effective training in the critical considerations and conditions for successfully concluding and negotiating more profitably contracts relevant contracts. The Gas & LNG Markets, Pricing and Contracts training course will enable the participants to gain an insight into the way in which buyers and sellers view and negotiate gas and LNG sales agreements and will give the participants a detailed understanding of the terms that are important in these transactions.

This Energy Training Centre training course will highlight:

  • Dynamic of downstream, midstream, and upstream activities
  • Essentials of contract principles
  • Gas sales and purchase agreements, and LNG contracts with reference to international model contracts
  • Transportation agreements with reference to international model contracts
  • Contractual risk management issues, insurance, indemnities, liabilities, and force majeure 
  • Negotiation arts and strategies relevant to LNG contracts
  • Dispute resolution options relevant to LNG contracts

This Gas & LNG Markets, Pricing and Contracts training course aims to provide an overview of the oil and gas contracts and its application in practice, to understand how to negotiate profitably key oil and gas contracts, to assess, and manage and mitigate overall risks, and to understand the application of Alternative Dispute Resolution (ADR) relevant to oil and gas contracts.

At the end of this training course, the participants will learn to:

  • Understanding common contractual pitfalls in key oil and gas contracts
  • Negotiate oil and gas contracts profitably, with a clear understanding of insurance provisions, liability, and indemnity clauses
  • Enhance the ability to draft and negotiate force majeure clauses
  • Assess and manage risks as relevant to oil and gas contracts
  • Grasp and apply dispute resolution methods to oil and gas contracts

This Gas & LNG Markets, Pricing and Contracts training course will provide the participants an perfect opportunity to advance and sharpen their skill sets in planning, negotiating and drafting oil and gas contracts through an interactive session with role-playing, case studies, group discussions, and scenarios building and the high-point of the training course being a simulation exercise of oil and gas contracts negotiation involving interactive role play by the participants.

The objective of the interactive role-play is to enable participants to apply the knowledge and understanding gained at the workshop to negotiate a more effective oil and gas contract. This will help the participants to gain practical insights into managing the risks and enhancing their rewards.

This training course offers a unique opportunity to rapidly increase your understanding of the oil and gas contracts and improve your negotiation techniques, and skills in drafting a variety of related contracts for professionals involved nationally and internationally in the oil and gas industry.

The organisation will benefit from this Gas & LNG Markets, Pricing and Contracts training course through:

  • Gaining expertise and improving knowledge and skill sets of personnel dealing with areas of legal risks in handling oil and gas contracts
  • Various workshops and exercises the ability to appreciate and understand the current international practices in oil and gas contracts
  • How to mitigate risks in oil and gas contracts
  • Enhancing the contract personnel negotiation skills
  • Understanding the importance of Alternative Dispute Resolution (ADR) clause

The participants will gain knowledge by attending this training course, as a result:

  • A unique opportunity to rapidly increase your understanding of the international practices relevant to oil and gas contracts
  • Improving the negotiation techniques and skills in drafting a variety of related oil and gas contracts
  • Managing and mitigating legal risks associated with oil and gas contracts
  • Choosing the most appropriate form of dispute resolution and how to draft a suitable Alternative Dispute Resolution (ADR) clause
  • Enhancing your ability to negotiate and manage claims and disputes with confidence

The Gas & LNG Markets, Pricing and Contracts training course is specifically designed for professionals actively involved or likely to be involved in contract negotiations and all those who need an understanding of the principles of gas contracts, including issues such as price terms and the allocation of risk.

This training course is suitable for a wide range of professionals but will greatly benefit:

  • Senior and Middle-Level Commercial Managers
  • Commercial Lawyers
  • Risk Managers
  • Energy Purchasing Managers
  • Strategy Managers
  • Pipeline Marketing Managers
  • Operations Managers
  • Project Managers
  • Senior Government Officials and Regulators

Day One: Dynamic of the Petroleum Industry and English Contract Law

  • Introduction to oil and gas contracts
  • Key terms and definitions
    • Downstream
    • Midstream
    • Upstream
  • The main international industry players

Legal System and English Contract Law

  • Mandatory elements of a legally enforceable contract
  • Contract formation
  • Contract terms
  • Interpretation of contract terms
  • Remedies for breach of contract
  • Contract termination in English law 

Day Two: The Essence of Oil, Gas, and LNG Sales Contracts

The Characteristics of LNG Sales Contracts

  • The contractual process
  • Commercial realities
  • Drafts and drafting
  • Enforcement
  • Fundamental legal principles
  • Cultural and language issues
  • Fundamental legal principles
  • LNG sales contracts
    • Global gas market
    • LNG and domestic gas value chains
    • Structuring an LNG project
    • Government role
    • Capacity building
    • LNG development environment, social impact and safety
    • Pricing
  • LNG and Gas Contracts
    • Introduction
    • PSC vs. Licenses
    • Preliminary agreements
    • Domestic gas sales agreement
    • LNG sale and purchase agreement
    • Miscellaneous agreements

Day Three: Contract Liability, Indemnity, Insurance: Transportation Agreements

Contract Risk Management

  • Risk management and LNG business
  • Types of risk in LNG
  • Transportation agreement
    • The contractual arrangements put in place for getting petroleum from the wellhead to the marketplace
    • Off taking and transporting Oil & Gas (Pipeline or Ship)
    • Typical terms of a gas pipeline Transportation and Processing Agreement (TPA)
    • Transportation (or Transshipment) of crude oil and Liquefied Natural Gas (LNG) or Gas to Liquids (GTL)
    • International practices and model contracts

The Essential of Negotiations in Oil and Gas Context

Liability Clauses

Contractual Indemnity

Insurance Provisions 

Day Four: Gas Sale and Purchase Agreements

  • Types of gas sales agreements
  • Parties
  • Term and effectiveness: Duration and delayed start date provisions
  • Sale, purchase, and delivery
  • Gas reserves
  • How to express gas quantities in pipeline gas contracts?
  • Take-or-pay, carry forward and make-up
  • Current practice on shortfall penalties
  • Quality
  • Price
  • Nominations, undertake and overtake
  • Measurement and testing
  • Invoicing and payment
  • Force majeure in gas sales contracts: The differences between pipeline gas and LNG
    • Understand the purpose and risks this clause is intended to mitigate
    • Avoiding common force majeure pitfalls
    • Protect yourself from abuse and misuse of this clause
    • Mechanics of exercising force majeure rights
  • Termination
  • Tax 

Day Five: Contract Claims and Dispute Resolutions

  • Tiered dispute resolution mechanisms
  • Formal dispute resolution
    • Preventing costly litigation through effective use of ADR option
    • Types of dispute resolution vehicles
    • Assessing litigation vs. Arbitration options
    • Mediation considerations
    • Considerations for selecting effective mediators and
    • Arbitrators
    • Selecting arbitration and mediation rules of procedure
    • Drafting effective dispute resolution clause
  • Contract review, evaluation, and lesson learned
  • Overview and conclusion

We offer two main training formats to cater to different preferences and needs: 

  • Classroom Training Delivery – Our traditional classroom-based training courses provide a face-to-face learning experience with subject matter experts. You’ll benefit form in-person interactions, hands-on exercises, and a structured classroom environment.
  • Online Training Delivery – We also offer convenient live/online training courses that you can access from anywhere with a stable internet connection. These courses provided flexibility and allow you to learn anywhere, making them suitable for busy schedules or remote learning.

Yes, we do. We provide tailored training courses designed to meet the specific requirement of larger group of individuals. These customized training courses can be conducted both classroom and online formats, allowing you the flexibility to choose you preferred dates and duration.

Please contact us at inhouse@energytraining.ae to discuss your group’s training needs, and we’ll work with you to create a personalized training course that aligns with your objectives.

We value transparency and are happy to provide our instructor’s profiles upon request. If you would like to learn more about our instructor’s’ qualifications, expertise, and experiences, please email us at info@energytraining.ae.

We have multiple international training venues. You may find this through our website link: https://energytraining.ae/training-locations 

Our training courses are held at our partnered hotels within the city included within our training

The Energy Training Centre Certificate of Completion with corresponding learning hours who has successfully completed the training course.

Yes, we provide assistance by issuing a Letter of Invitation stating that you are confirmed to attend our training.

Yes, here are the following options we can offer to assist you:

  • Corporate Discount – We can extend our corporate discount to participants staying at the same hotel, if we have any. Please enquire about the availability of this discount when you register for the training course.
  • Nearby Hotel Suggestions – If you prefer other accommodations, we can provide a list of nearby hotels to suit your needs and budget.

Feel free to go through hotel booking platforms on the internet to find the most cost-effective for you.

No, we do not provide job placement services after the training course. However, we are confident that our training course equips you with the necessary tools and knowledge to enhance you career prospects and promote career growth. Our training course are designed to empower you with valuable skills and expertise to excel in your chosen field.

Classroom
  • Tuition fee for a 5-day training course
  • Provision of a world-class subject matter expert to deliver this training
  • Meeting at a hotel venue corresponding to your chosen session
  • Welcome food and drinks, AM / PM snack, and Lunch
  • Digital course materials (e-Tablet)
  • Course completion certificates
  • Designing and administration of Pre-& Post Course Assessments
  • Preparation of participant’s Performance and Appraisal Report, if required
  • Issuance of Letter of Invitation for delegates needed visa processing, if required
Online
  • Tuition fee for a 5-day online training course
  • Provision of a world-class subject matter expert to deliver this training through live/virtual delivery
  • An electronic copy of the training manual and relevant hand-outs
  • Issuance of The Energy Training Centre e-Certificate of Completion
  • Administration of Pre-& Post Workshop Assessments
  • Link access of online platform acceptable to both parties

Certainly, we do provide corporate rates tailored for organizations seeking to enrol multiple employees in our training programs. To facilitate this, we encourage you to make a formal request via email addressed to info@energytraining.ae. We’ll be delighted to discuss and offer a suitable arrangement for your corporate needs.

Yes, special discounts are available upon request if you have more than one registrant for a course. For further information please email us at info@energytraining.ae

We offer two convenient payment options:

  • Bank Transfer – You can make payment via bank transfer. Once your registration is confirmed, you will receive an invoice with the banking details for the transfer. We would require you to supply a swift copy for us to confirm receipt of funds.
  • Payment Link – Alternatively, we provide a secure payment link that you can use to complete your payment after your registration has been confirmed.

Upon receipt of your registration details sent via email at reg@energytraining.ae, we will send you the following by e-mail within 24-48 hours of registration.

  • Joining Instructions
  • Invoice/receipt (where appropriate)

 If you register online, you will receive an e-mail on the same day confirming your registration.

There are two convenient options to register for a training course:

  • Online Registration Form – Register for your desired training course by completing the online registration form available on our website. Simple click on the registration button or select your preferred dates and provide the requested information.
  • Email Registration – You can email us your intention to register at info@energytraining.ae. Our team will guide you through the registration process and provide assistance you may need.

Yes, we do allow registration transfers in the event that you are unable to attend the training course. To initiate a transfer, please send us an official email requesting the change. We’ll guide you through the transfer process and ensure a smooth transition of your registration to another eligible participant.

Our training course sessions are scheduled and posted on our website for your convenience. However, we understand that there may be specific requirement for your group. If you have a preferred venue and specific training dates in mind, please feel free to propose them to us by clicking on the button “Propose you preferred location & date” of your preferred training course.

Our course timings slightly vary between the cities we offer our training courses. Please let us know of your preferred course and session (dates/venue) through email at info@energytraining.ae. Alternatively, you may call/WhatsApp us at +971 50 746 0956.

We understand that time zones may be different between our Senior Consultants and our delegates. Our standard online course timings (11:00 AM to 4:00 PM, GMT+4 – Dubai, UAE) may be adjusted upon confirming the programme. Our team shall communicate between the confirmed registered delegates and suggested a suitable course timing for all.

Our standard course duration for our classroom programmes is 6 hours per day while our online session is 5 hours per day.

Our training programmes are designed to be concise yet comprehensive, focusing on professional development. The duration varies based on the specific course content and objectives – we normally offer programmes between 5 – 10 days. However, our emphasis lies in delivering interactive and engaging sessions that prioritize depth of learning within a condensed timeframe. This approach ensures participants acquire substantial knowledge and skills efficiently.

We have been assessed by TUV Rheinland Middle East FZE and comply with Quality Management System standards – ISO 9001:2015 and ISO 29993:2017, ensuring a commitment to quality and excellence in our operations and services.

Our training courses span across diverse industries, encompassing sectors such as but not limited to:

  • Power & Utilities
  • Oil & Gas
  • Financial Institutions
  • Government and Regulatory bodies
  • Manufacturing & Production Industry

Our commitment lies in continuously refining and expanding our training course offerings to align with evolving industry landscapes. We encourage individuals to explore our website or engage with our dedicated support team for the latest information on available courses, ensuring access to the most pertinent and current educational resources.

Yes, Energy Training Centre is an ILM Recognised Provider (ID# 002398B), authorized to register learners and offer training courses recognized by ILM. Participants seeking ILM Recognised Certification would need to complete an assessment post the ILM Recognised courses. ILM is a renowned provider of leadership and management qualifications, part of the City and Guilds Group. Additionally, our company is a CPD Certified Training Company, ensuring our commitment to continuous professional development standards.

Search