Name: Gas & LNG Markets, Pricing, Contracts and Negotiations Training Course
Rating: 4.7 (1076 reviews)

Why Choose this Training Course?

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

What are the Goals?

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

Who is this Training Course for?

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

How will this Training Course be Presented?

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.

Organisational Impact

The Organisation will have the following benefits;

Mitigated legal and commercial contract risks
Enhanced negotiation and drafting skill sets
Improved understanding of international industry practices
Reduced costly disputes and litigation exposure
Strengthened contract management and compliance capabilities
Informed strategic decision-making in projects

Personal Impact

At the end of this training course, the participants will gain the following;

Deepened understanding of LNG contract mechanics
Sharpened contract negotiation and drafting skills
Enhanced ability to manage and mitigate legal risks
Confidence in handling claims and disputes
Knowledge to draft effective dispute resolution clauses
Practical insights from interactive case studies

Daily Agenda

Day 1: Dynamics of the Petroleum Industry, Gas & LNG Markets and English Contract Law

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

Day 2: The Essence of Oil, Gas & LNG Sales Contracts, and the Global Gas Market

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

Day 3: Contract Risk, Liability, Insurance and Transportation 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

Day 4: Gas Sale & Purchase Agreements and Force Majeure

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

Day 5: Contract Claims, Dispute Resolution and Close-Out

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

Certificate

Upon successful completion of this training course, delegates will be awarded an official PetroKnowledge Certificate of Completion, signed by the course facilitator. The certificate confirms successful participation and records the total learning hours completed.
Continuing Professional Education credits (CPE): In accordance with the standards of the National Registry of CPE Sponsors, one CPE credit is granted per 50 minutes of attendance.

Accreditation

Would an alternative date be more suitable?

We offer a variety of tailored training options, customized to meet your organisation's needs. Delivered anytime, anywhere, we make it easy to bring expert training directly to your team.

Related Categories

Contracts Management

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Gas & LNG Markets, Pricing, Contracts and Negotiations