CWC LNG 2008 San Antonio

12.15 - 1.30

REGISTRATION

1.30 - 5.30

WORKSHOP B:
CONTRACTING, PRICING AND TRADING

John Fahy, Managing Director, ERAS LTD

Steven R Miles, Partner, BAKER BOTTS L.L.P.

Tom Holmberg, Associate, BAKER BOTTS L.L.P.

The growth of a worldwide LNG trade has introduced new commercial risks and will require increased flexibility in the way that LNG projects and contracts are structured. The aims of this strategic training course are to review the manner in which LNG is being bought, sold, and traded, and the use of derivatives and forward sales and purchases to mitigate risk and to obtain value for LNG assets. LNG Sales and Master Sales Agreements (MSAs) have become increasingly common for the short to medium term supply of LNG and provide the basis for an evolving “spot” market for LNG that will play a part in the increasingly complex worldwide LNG trade.

SESSION 1 - Risk management, pricing and valuation in competitive gas markets

SESSION 2 - Key principles for LNG Master Sales Agreements (MSAs) and their value in a destination flexible LNG market

THE AIMS OF THE MASTER CLASS

• To concentrate on how gas markets worldwide are changing with increased competition
• To discuss how future markets and derivatives can be used as effective tools for managing risk, pricing contract terms and valuing assets
• To assess the impact of limited new sources of LNG and increasing demand on contracting structures
• To use of MSAs as integrated part of LNG liquefaction and regasification projects and possibly as a stand-alone basis for supply
• To discuss the potential to use MSAs for trading activities for LNG
• To explore the negotiation of MSAs and the experiences of the AIPN and the current AIPN model MSA

WHO SHOULD ATTEND?

• Gas Sales & Marketing Executives & Analysts
• Contract Negotiators
• Treasury Executives Bankers & Financial Analysts
• Project Developers & Managers
• Strategists
• Planners
• Regulatory Authorities