From its regional beginnings, the business of liquefied natural gas (LNG) has been transformed into a broad industry that now spans the globe. The production and liquefaction of natural gas and its shipping, regasification and use bring together diverse producer and consumer jurisdictions as well as international oil companies and trading businesses, under many different forms of contractual arrangement.This practical title is being updated to take into account the rapidly shifting arrangements and participations in the international LNG sector. It features contributions from leading oil and gas companies, consultancies and law firms, by writers who are specialists in their fields. The content spans the latest developments in traditional LNG matters such as structuring projects, sale and purchase agreements and shipping, as well as chapters on LNG from shale and unconventional sources, the forced reopening of contract terms over time and the growing role of smaller and floating LNG developments. Together, the contributors provide a rare guide to the legal, regulatory, political and practical elements of today’s LNG business.Whether you are a lawyer in private practice or from a national or international oil company, utility business, ship broking or ship building firm, bank or energy advisory practice, this commercially focused title will provide you with the latest holistic insights into the business and law of LNG.
Foreword 5Martin HoustonTellurian IncLNG shipping 7David GardnerMichelet & Co LtdUpstream challenges facing joint venture participants 29Daniel GosewischMinor DKL Food GroupAngus JonesAllen & OveryLNG regulation 51Nina HowellGarry PeggDaniel RogersKing & SpaldingPrinciples of price reviews and hardship clauses in long-term gas contracts 89Paul GriffinWhite & Case; University of DundeeShale gas for LNG 133Vivek BakshiRon StuberDentons Canada LLPJeff ScobieLawson Lundell LLPStructuring LNG projects: Evolution or revolution in the LNG supply value chain? 151Joanna KayPeter RobertsOrrick, Herrington & Sutcliffe (UK) LLPFloating LNG 169Elze FrimaShell International BVAnthony LepereAnthony PattenShearman & Sterling LLPLNG sale and purchase agreements 185Harry W Sullivan, JrTexas A&M School of Law; Southern Methodist University School of Law; Kosmos Energy LLCObligations and failures to deliver or take under long-term LNG sale and purchase agreements 213Paul GriffinWhite & Case; University of DundeeMalcolm Jarvis20 Essex Street, LondonPrice reviews in practice 259James FreemanAllen & OveryBoaz MoselleCornerstone ResearchLNG trading 275Anthony PattenShearman & Sterling LLPPhilip ThomsonAshurstLNG master sale and purchase agreements 287Steven Paul BarraChevron International Gas IncLNG – a minefield for disputes? 305James BailyRachel LidgateHerbert Smith Freehills LLPPortfolio LNG – the new normal (sort of) 321Rich FeelyShell International LtdMichael LawsonKing & Wood MallesonsNew markets for LNG 341Nicholas FulfordRyan PereiraGaffney, Cline & AssociatesFinancing LNG projects 357James DouglassBaker Botts (UK) LLPFinancing US LNG projects 395Jason WebberWhite & CaseExport credit agencies 421Scott NeilsonAllen & OveryUS LNG and the global market 435Andrew WalkerCheniere EnergyAbout the authors 451
As most of the books from this publisher, the book is written by leading practitioners. As such it covers relevant and cutting-edge topics. The book includes chapters on LNG trading, LNG master sale and purchase agreements, US LNG and the global market, portfolio LNG, shale gas for LNG, price reviews, LNG regulation (in US and EU), floating LNG and so on.
From its regional beginnings, the business of liquefied natural gas (LNG) has been transformed into a broad industry that now spans the globe. The production and liquefaction of natural gas and its shipping, regasification and use bring together diverse producer and consumer jurisdictions as well as international oil companies and trading businesses, under many different forms of contractual arrangement.This practical title is being updated to take into account the rapidly shifting arrangements and participations in the international LNG sector. It features contributions from leading oil and gas companies, consultancies and law firms, by writers who are specialists in their fields. The content spans the latest developments in traditional LNG matters such as structuring projects, sale and purchase agreements and shipping, as well as chapters on LNG from shale and unconventional sources, the forced reopening of contract terms over time and the growing role of smaller and floating LNG developments. Together, the contributors provide a rare guide to the legal, regulatory, political and practical elements of today’s LNG business.Whether you are a lawyer in private practice or from a national or international oil company, utility business, ship broking or ship building firm, bank or energy advisory practice, this commercially focused title will provide you with the latest holistic insights into the business and law of LNG.
Foreword 5Martin HoustonTellurian IncLNG shipping 7David GardnerMichelet & Co LtdUpstream challenges facing joint venture participants 29Daniel GosewischMinor DKL Food GroupAngus JonesAllen & OveryLNG regulation 51Nina HowellGarry PeggDaniel RogersKing & SpaldingPrinciples of price reviews and hardship clauses in long-term gas contracts 89Paul GriffinWhite & Case; University of DundeeShale gas for LNG 133Vivek BakshiRon StuberDentons Canada LLPJeff ScobieLawson Lundell LLPStructuring LNG projects: Evolution or revolution in the LNG supply value chain? 151Joanna KayPeter RobertsOrrick, Herrington & Sutcliffe (UK) LLPFloating LNG 169Elze FrimaShell International BVAnthony LepereAnthony PattenShearman & Sterling LLPLNG sale and purchase agreements 185Harry W Sullivan, JrTexas A&M School of Law; Southern Methodist University School of Law; Kosmos Energy LLCObligations and failures to deliver or take under long-term LNG sale and purchase agreements 213Paul GriffinWhite & Case; University of DundeeMalcolm Jarvis20 Essex Street, LondonPrice reviews in practice 259James FreemanAllen & OveryBoaz MoselleCornerstone ResearchLNG trading 275Anthony PattenShearman & Sterling LLPPhilip ThomsonAshurstLNG master sale and purchase agreements 287Steven Paul BarraChevron International Gas IncLNG – a minefield for disputes? 305James BailyRachel LidgateHerbert Smith Freehills LLPPortfolio LNG – the new normal (sort of) 321Rich FeelyShell International LtdMichael LawsonKing & Wood MallesonsNew markets for LNG 341Nicholas FulfordRyan PereiraGaffney, Cline & AssociatesFinancing LNG projects 357James DouglassBaker Botts (UK) LLPFinancing US LNG projects 395Jason WebberWhite & CaseExport credit agencies 421Scott NeilsonAllen & OveryUS LNG and the global market 435Andrew WalkerCheniere EnergyAbout the authors 451
As most of the books from this publisher, the book is written by leading practitioners. As such it covers relevant and cutting-edge topics. The book includes chapters on LNG trading, LNG master sale and purchase agreements, US LNG and the global market, portfolio LNG, shale gas for LNG, price reviews, LNG regulation (in US and EU), floating LNG and so on.
From its regional beginnings, the business of liquefied natural gas (LNG) has been transformed into a broad industry that now spans the globe. The production and liquefaction of natural gas and its shipping, regasification and use bring together diverse producer and consumer jurisdictions as well as international oil companies and trading businesses, under many different forms of contractual arrangement.This practical title is being updated to take into account the rapidly shifting arrangements and participations in the international LNG sector. It features contributions from leading oil and gas companies, consultancies and law firms, by writers who are specialists in their fields. The content spans the latest developments in traditional LNG matters such as structuring projects, sale and purchase agreements and shipping, as well as chapters on LNG from shale and unconventional sources, the forced reopening of contract terms over time and the growing role of smaller and floating LNG developments. Together, the contributors provide a rare guide to the legal, regulatory, political and practical elements of today’s LNG business.Whether you are a lawyer in private practice or from a national or international oil company, utility business, ship broking or ship building firm, bank or energy advisory practice, this commercially focused title will provide you with the latest holistic insights into the business and law of LNG.
Foreword 5Martin HoustonTellurian IncLNG shipping 7David GardnerMichelet & Co LtdUpstream challenges facing joint venture participants 29Daniel GosewischMinor DKL Food GroupAngus JonesAllen & OveryLNG regulation 51Nina HowellGarry PeggDaniel RogersKing & SpaldingPrinciples of price reviews and hardship clauses in long-term gas contracts 89Paul GriffinWhite & Case; University of DundeeShale gas for LNG 133Vivek BakshiRon StuberDentons Canada LLPJeff ScobieLawson Lundell LLPStructuring LNG projects: Evolution or revolution in the LNG supply value chain? 151Joanna KayPeter RobertsOrrick, Herrington & Sutcliffe (UK) LLPFloating LNG 169Elze FrimaShell International BVAnthony LepereAnthony PattenShearman & Sterling LLPLNG sale and purchase agreements 185Harry W Sullivan, JrTexas A&M School of Law; Southern Methodist University School of Law; Kosmos Energy LLCObligations and failures to deliver or take under long-term LNG sale and purchase agreements 213Paul GriffinWhite & Case; University of DundeeMalcolm Jarvis20 Essex Street, LondonPrice reviews in practice 259James FreemanAllen & OveryBoaz MoselleCornerstone ResearchLNG trading 275Anthony PattenShearman & Sterling LLPPhilip ThomsonAshurstLNG master sale and purchase agreements 287Steven Paul BarraChevron International Gas IncLNG – a minefield for disputes? 305James BailyRachel LidgateHerbert Smith Freehills LLPPortfolio LNG – the new normal (sort of) 321Rich FeelyShell International LtdMichael LawsonKing & Wood MallesonsNew markets for LNG 341Nicholas FulfordRyan PereiraGaffney, Cline & AssociatesFinancing LNG projects 357James DouglassBaker Botts (UK) LLPFinancing US LNG projects 395Jason WebberWhite & CaseExport credit agencies 421Scott NeilsonAllen & OveryUS LNG and the global market 435Andrew WalkerCheniere EnergyAbout the authors 451
As most of the books from this publisher, the book is written by leading practitioners. As such it covers relevant and cutting-edge topics. The book includes chapters on LNG trading, LNG master sale and purchase agreements, US LNG and the global market, portfolio LNG, shale gas for LNG, price reviews, LNG regulation (in US and EU), floating LNG and so on.