CWC Ninth Annual World LNG Summit Barcelona 2008

Master Class B: Tuesday 9th December 2008

Master Class Leaders:

	John Fahy, Managing Director, ERAS CONSULTING LTD
	Steven R. Miles, Partner, BAKER BOTTS LLP
	Jason Bennett, Partner, BAKER BOTTS LLP

The continuing global expansion of LNG markets has introduced new risks and challenges. These require increased flexibility and innovation in the way that LNG portfolios, including physical assets such as liquefaction, regas terminals and ships, as well as projects and contracts, are managed. The aims of this strategic Master Class are to review some of the more important commercial changes and to suggest how risks and opportunities can be managed through the use of derivatives, forward sales, purchases, portfolio risk management and other approaches.

SESSION 1 - Risk and portfolio management; pricing, trading and valuation in gas and LNG 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 recent changes in global gas markets are changing asset management, purchases and contractual strategy
• 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 discuss the use of MSAs as an 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

WHAT'S ON - CLICK HERE TO DOWNLOAD THE BROCHURE

CONTRACTING, TRADING & PRICING

08.00

REGISTRATION

08.45

OPENING REMARKS

12.45

INFORMAL NETWORKING LUNCH

13.45

AFTERNOON SESSION COMMENCES

16.30

END OF MASTER CLASS