Mastering Pricing and Price Review in Gas & LNG Contracts

This course is given by one of the leading, most sought-after Experts in the field of Price Reviews in gas and LNG Contracts, Attendance of this specialist, thorough and dynamic course, will provide the delegate with Up to date, Practical Expertise in effectively handling Price Reviews and Price Renegotiations in Long Term gas / LNG supply contracts.

What you will learn

  1. Effective guidance for handling Pricing and Price Reviews in Gas and LNG sales agreements
  2. The Commercial Balance between buyers and sellers in long-term Gas and LNG sales agreements with take-or-pay
  3. A detailed understanding of the terms that are important in these types of agreements
  4. An appreciation of how pricing in contracts is approached in different markets
  5. A thorough grasp of how market value of gas is set
  6. A highly practical approach to possible issues and solutions that arise with such contracts, with the extensive use of current case studies
  7. A risk matrix of an entire project showing the balance and interaction between its various elements
  8. Practical approaches to understanding pricing in LNG and gas sales agreements

Principal Trainer
Anthony Way

Course Outline

  1. The Essence of the LNG and Gas Sales Contract
  2. Current Practice in Price Reviews in Gas and LNG Sales Contracts
  3. The Commercial Balance in Gas and LNG Sales Contracts
  4. Price Terms in Pipeline Gas Contracts
  5. Price Terms in LNG Contracts
  6. Setting of market value in the Asian gas market
  7. European Traded Gas Markets
  8. US Traded Gas Market
  9. Arbitrage and Value Creation
  10. Dispute Resolution
  11. Fair Value – Transaction Prices set Market Value, not Delivered Prices
  12. A Reasonable Margin for the Buyer
  13. Economic Assessment of the Value of Contractual Flexibility and Optionality
  14. Netback Analysis
  15. Identification and Handling of Risk in Price Reviews

The course uses a number of recent case studies and exercises to help participants master pricing terms and price reviews under gas & LNG contracts