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10-Day Training Course

Natural Gas and LNG Markets, Financing, Pricing and Contracts

Modules

This training course is split into two modules:

MODULE I - Natural Gas Physical and Financial Markets

MODULE II - Gas & LNG Markets, Pricing and Contracts

Each modules is structured and can be taken as a stand-alone training course; however, delegates with will maximise their benefits by taking Module 1 and 2 back-to-back as a 2-week training course.

Course Curriculum

Module 1: Natural Gas Physical and Financial Markets
  • A brief history of the petroleum industry
  • Development of the markets: Crude oil, natural gas, and their products
  • The value chain of energy projects
  • Oil market as a world market; regional natural gas markets
  • Natural gas market and transportation: Pipelines and Liquified Natural Gas (LNG)
  • The regional markets of the natural gas and the promise of LNG
  • Introduction to economic decision making
  • Why has natural gas industry scale recently grown?
  • The markets and the geo-politics of energy
  • Economic dynamics of the energy industry and the role of natural gas as a transitional energy
  • Investing in projects and value creation
  • Economic analysis of projects
  • Measures of value
  • Valuation for decision making
  • Principles of corporate finance for the oil and gas companies
  • Behavioral finance and international business
  • Economic value added in the context of natural gas projects
  • Project feasibility analysis
  • Decision measures
  • Risk and uncertainty in the natural gas business
  • Commodity markets and arbitrage opportunities
  • How to mitigate risks and capitalize on the upsides
  • Forward, futures, and options contracts
  • Incorporating flexibility to gain from the upside potentials
  • Long term contracts, price negotiations, and their role in managing the risks
  • Hedging risks using market instruments. Is a perfect hedge possible?
  • Arbitrage opportunities of the natural gas markets: Using LNG vessels to reap benefits
  • Managerial decision making in an uncertain world
  • Portfolio of downstream and Upstream projects
  • Forecasting for international business: valuation, project finance, and strategy
  • Interwoven uncertain factors of the business: subsurface and above the surface
  • Currency exchange and political risks: two features of international business
  • Partnerships could be win-win once they create an economic advantage
  • Emerging environmental concerns and the emission markets: CO2 and NOx
  • Concluding remarks: does “fortune favor the bold”?
Module 2: Gas & LNG Markets, Pricing and Contracts
  • 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 

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

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 

  • 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 
  • 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

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.

Upcoming Sessions
London, UK

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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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