Overview
A comprehensive all-in-one course addressing key elements for successful gas & LNG business strategies
Due to the complex geopolitical nature of gas/LNG sourcing and the long-term nature of gas transactions between buyers and sellers, it is commercially prudent for all those involved in this process to know and understand global gas & LNG supply and markets conditions, available methodologies for price determination and prevailing contract structures. A misjudgement in any of these areas could result in inappropriate sourcing decisions, significant adverse financial consequences and legal liabilities.
This course has, therefore, been designed to enable the professionals in the gas sector and gas advisory services to make appropriate sourcing decision, construct gas/LNG contracts from a position of strength and knowledge in order to gain a competitive edge in the process.
Course Highlights
- Global gas/LNG market and market structure in Asia Pacific Africa, Atlantic, Middle East, Europe and USA regions
- Current gas/LNG outlook and trends
- Contract terminology and construction – operational, commercial and legal basis of gas, LNG and Gas Transportation Contracts
- Principles of gas/LNG Sales and Purchase Agreement (GSPA/SPA), Gas Transportation Agreement (GTA) and Regasification Agreements
- Gas/LNG pricing principles, current practice and price indexation in competitive gas markets
- Contracting and negotiation – proven techniques
Benefits of Attending
- Background knowledge to form framework needed to facilitate gas/LNG commercial decisions
- Understanding current trends of the gas industry organisation structure
- Knowledge of the underlying rationale for gas contract terms and conditions
- Learn to construct gas, LNG and gas transportation contracts
- Understanding of techniques of gas/LNG price setting in competitive markets
- Awareness of operation of trading hubs, spot markets and arbitrage
- Holistic understanding of what is required to put a new supply chain in place and maintain it
Course Agenda
Session 1: 1 September 2026, 7am – 10am GMT
- Overview of Gas & LNG Supply Chain
- EXERCISE: From daily demand to contract volumes
- Policy & Regulation Context
- DISCUSSION: Within the framework of a long term supply deal, discuss relevant considerations for establishing strategic position on production and market contexts, regulatory and environmental criteria, counterparty suitability, and geopolitical risk
Session 2: 2 September 2026, 7am – 10am GMT
- Gas & LNG Industry Supply Overview
- DISCUSSION: What are factors that influence the investment decision for a new gas production
- Gas & LNG Industry Market Overview
- DISCUSSION: What are the requirements for markets to attract gas?
Session 3: 8 September 2026, 7am – 10am GMT
- Markets: Natural Gas and LNG Contexts
- DISCUSSION: What are specific factors for gas that influence the way markets function
- Natural Gas Markets
- DISCUSSION: What factors have the greatest influence on your home gas market?
Session 4: 9 September 2026, 7am – 10am GMT
- LNG Markets
- Infrastructure Markets
- DISCUSSION: What are the greater influences on infrastructure development and on accessing your home gas market?
Session 5: 10 September 2026, 7am – 10am GMT
- Gas/LNG Contracts – Basic Elements I
- DISCUSSION: Why is it so challenging to progress from ‘agreed terms’ to a signed agreement?
- Gas/LNG Contracts – Basic Elements II
- APPENDIX 1: Long term contracts background
- APPENDIX 2: Gas contract quantity terminology
- DISCUSSION: Are contract “boiler plate” clauses only of concern to the lawyers?
Session 6: 14 September 2026, 7am – 10am GMT
- Natural Gas Sale and Purchase Agreements
- APPENDIX: Model Gas Sales and Purchase Agreement
- DISCUSSION: How does the term of the contract influence the approach taken by the parties?
- LNG Contract Principles and Model Sale & Purchase Agreement
- APPENDIX: Model LNG Sales and Purchase Agreement
- DISCUSSION: Why are the location(s) of title transfer and custody transfer important influence to the parties?
Session 7: 15 September 2026, 7am – 10am GMT
- Gas & LNG Transportation
- APPENDIX: Model Gas Transportation Agreement (GTA)
- DISCUSSION: What transportation issues arise when LNG is part of the supply chain
- Gas/LNG Pricing Background
- APPENDIX 1: Pricing approaches in regulated sectors of market
- APPENDIX 2: Pricing approaches of intermediate gas buyer with both domestic and imported supply
- DISCUSSION: What challenges may arise when gas supply is priced differently from that in the destination market?
Session 8: 17 September 2026, 7am – 10am GMT
- Spot Markets, Prices and Outlook
- DISCUSSION: What are the available mechanisms for flexibility in your local markets & spot markets?
- Risk Management Considerations
- Exercise: What limits expectations of what risk management may achieve?
