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5-Day Training Course

Gas & LNG Markets, Pricing, Contracts & Negotiation

Course Overview

This training course is meticulously designed to equip energy professionals with the advanced skills and legal acumen required to master the complexities of Gas and LNG contract negotiation. In a global market, defined by high-value transactions, volatile pricing, and intricate legal frameworks, the ability to negotiate and manage these contracts effectively is not just an advantage, it is a necessity for mitigating risk and securing commercial success.

Combining the core principles of international gas markets with the specificities of LNG sales and purchase agreements, this course delivers a holistic and practical learning experience. Participants will gain a deep understanding of the entire contract lifecycle, from the foundational elements of Contract Law to the critical risk management strategies and dispute resolution mechanisms that are essential for protecting their organization's interests in the global energy sector.

This training course will highlight:

• Dynamics of the petroleum industry, including Downstream, Midstream, and Upstream activities
• Mandatory elements of Contract Law and remedies for breach
• Detailed analysis of Gas Sale & Purchase Agreements (SPAs) and LNG contracts
• Risk management, liability, indemnity, and insurance provisions
• Effective negotiation strategies, claims management, and dispute resolution techniques

Course Objectives

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

• Analyze contractual pitfalls in LNG agreements
• Negotiate profitable contracts with clear risk understanding
• Draft effective liability, indemnity, and force majeure clauses
• Manage project risks and apply dispute resolution methods
• Apply English contract law principles to real-world scenarios

Training Methodology

This interactive training course utilizes a blend of role-playing, case studies, and scenario-building exercises to solidify learning. The highlight is a simulation exercise involving interactive role-play, allowing participants to apply their knowledge and gain practical insights into managing risks and enhancing rewards in a controlled environment.

Who Should Attend

This training course is suitable for a wide range of professionals involved in the energy sector who need to understand, negotiate, or manage gas and LNG contracts . It is particularly beneficial for those in commercial, legal, and management roles.

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

• Senior and Middle Level Commercial Managers 
• Commercial Lawyers and Contracts Managers 
• Risk, Compliance, and Strategy Managers 
• Energy, Pipeline Marketing, and Operations Managers 
• Project Managers and Senior Government Officials/Regulators 

Course Curriculum

  • Introduction to oil, gas and LNG contracts
  • Key terms and definitions: Downstream, Midstream, Upstream
  • The main international industry players
  • Introduction to specific LNG and gas sale agreements
  • 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 — rescission, compensatory damages, consequential and incidental damages, liquidated damages, specific performance, injunctive relief
    • Contract termination in English law
  • The contractual process, commercial realities, drafting and enforcement
  • Fundamental legal principles; cultural and language issues
  • What is LNG? The LNG industry and value chain
  • 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
  • Financing of LNG projects; current issues in LNG
  • LNG and gas contract types: PSC vs. licences, preliminary agreements, domestic gas sales agreement, LNG SPA, miscellaneous agreements
  • Risk management in the LNG business; types of risk
  • Transportation Agreements
    • Contractual arrangements from wellhead to marketplace
    • Off-taking and transporting oil & gas (pipeline or ship)
    • Typical terms of a Gas Pipeline Transportation and Processing Agreement (TPA)
    • Transportation/transshipment of crude oil, LNG and GTL
    • International practices and model contracts
  • Essentials of negotiation in the oil and gas context
  • Liability clauses
  • Contractual indemnity
  • Insurance provisions — coverage types, typical exclusions, carrier quality, deductibles and limits, subordination issues, effective claims management
  • Types of gas sales agreements; parties
  • Term and effectiveness — duration and delayed start date provisions
  • Sale, purchase and delivery; gas reserves
  • Expressing 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 — purpose and risks; pipeline gas vs. LNG differences; avoiding common pitfalls; protecting against abuse/misuse; mechanics of exercising rights; practical exercise/case studies
  • Termination; tax
  • Contract management and operational issues — gas delivery coordination between suppliers, terminal operator, transporters and users
  • Types and assessment of claims
  • Tiered dispute resolution mechanisms
  • Formal dispute resolution; preventing costly litigation through effective use of ADR
  • Types of dispute resolution vehicles; litigation vs. arbitration
  • Mediation considerations; selecting effective mediators and arbitrators
  • Selecting arbitration and mediation rules of procedure
  • Drafting effective dispute resolution clauses
  • Practical exercise: mock arbitration
  • Contract close-out — review, evaluation, lessons learned
  • Course overview and learning outcomes

Certificates Awarded

Certificate of Completion

After successfully completing this training course, participants will be awarded The Energy Training Centre Certificate of Completion — a respected validation of their dedication to continuous learning and professional excellence. This certificate signifies that participants have gained the essential knowledge and skills required to make a measurable impact in their field.

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Frequently Asked Questions

Our training courses are conducted at partnered hotels located within the specified training areas. Please note that venue assignments may vary based on availability. For the most current information, do not hesitate to contact us at [email protected].

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 [email protected] to discuss your group’s training needs, and we’ll work with you to create a personalized training course that aligns with your objectives.

Upon successful completion of the training course, you will receive The Energy Training Centre Certificate of Completion with corresponding learning hours.

Yes, special discounts are available upon request if you have more than one registrant for a course. For further information please email us at [email protected]

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 receiving your registration details, either via email at [email protected] or through our online registration form, we will send you the following by email within 24-48 hours of registration.

  • Joining Instructions
  • Invoice/receipt (where appropriate)

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 [email protected]. Our team will guide you through the registration process and provide assistance you may need.

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 suggest 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 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, The Energy Training Centre is certified and recognized by several prominent industry standards. Specifically, it holds certifications from ILM, Continuing Professional Development (CPD), and the Project Management Institute (PMI).

  • ILM (ID# 002398B) – This certification indicates that our training programmes meet high standards for leadership and management development, ensuring that they are designed to enhance participants’ skills in these critical areas.
  • Continuing Professional Development (CPD) – Our recognition by CPD reflects our commitment to providing educational opportunities that support ongoing professional growth and skill enhancement. This accreditation ensures that our training courses are relevant and effective for professionals seeking to advance their careers.
  • Project Management Institute (PMI) – Being recognized by PMI signifies that our training programmes align with industry best practices in project management. This certification assures participants that our offerings are in line with the standards required for effective project management and are valuable for those pursuing or maintaining PMI credentials.

These certifications underscore our dedication to providing high-quality, industry-relevant training that fosters professional growth and meets established standards. Additionally, we are actively pursuing further certifications and affiliations to enhance our offerings and ensure we remain at the forefront of industry best practices.

About Energy Training Centre

Energy Training Centre is a leading provider of professional development programs for the energy and public sectors. With over 15 years of experience, we have trained more than 50,000 professionals across the Middle East and beyond.

Our expert-led courses are designed to meet the evolving needs of modern organizations, combining theoretical knowledge with practical applications that deliver immediate value to your career and organization.

50K+
Professionals Trained
15+
Years of Experience
About Energy Training Centre

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