Peter Robert

Dispatched in 10 to 15 days

This book provides a practical and comprehensive guide to the law and practice of structuring projects for the sale and transportation of gas and LNG, based on the author's own comprehensive experience. The discussion is augmented by three precedent agreements and a set of further clause examples which demonstrate the practical mechanics of putting the deal together.

• Presents a detailed, hands-on guide to the drafting, negotiation and interpretation of natural gas and LNG trading, shipping and transportation contracts
• Contains three new chapters on LNG Trading Platforms; MSA Terms; and Sales Contracts for Unconventional Gas
• Highlights the legal and commercial issues involved at each stage and advises how they should be handled in practice
• Offers clause-by-clause commentary on the typical provisions within gas and LNG, sales, shipping and transportation agreements
• Pinpoints the key issues and suggests solutions to problems that can arise
• Discusses the nature of gas and LNG and the contracting process
• Explains in detail the common components of contracts, including quality and pressure, liabilities and limitations, force majeure and dispute resolution
• Provides discussion on the commercialisation of natural gas in light of concerns about climate change, cleaner energy sources and the security of energy supplies
• Includes expertly drafted precedent agreements
• Covers price reviews and reopeners
• Written from the perspective of English law but in the light of international experience and practice

Contents:

PART A – General Principles
1. THE NATURE OF GAS
2. PROJECT STRUCTURES
3. GAS STORAGE
4. UNCONVENTIONAL GAS SALES
5. THE CONTRACTING PROCESS
6. CONTRACT FORMS
7. COMPETITION LAW PRINCIPLES
8. GAS IN THE ENERGY TRANSITION

PART B – Sales Contract Terms
9. THE PARTIES
10. THE TERM
11. THE DELIVERY POINT AND DELIVERY
12. QUANTITIES, RATES AND RESERVES
13. PRICE
14. PRICE REVIEW MECHANISMS
15. COLLATERAL SUPPORT
16. TAKE AND PAY, TAKE OR PAY
17. MAKE UP AND CARRY FORWARD
18. NOMINATIONS, UNDERTAKE AND OVERTAKE
19. THE SELLER’S DELIVERY FAILURE
20. INVOICING AND PAYMENT
21. GAS QUALITY SPECIFICATION
22. MEASUREMENT
23. FACILITIES AND COMMISSIONING
24. MAINTENANCE

Part C – Pipeline Gas Transportation
25. PIPELINE PROJECT STRUCTURES AND PRINCIPLES
26. GAS TRANSPORTATION TERMS
27. COMMINGLING, ALLOCATION AND ATTRIBUTION
28. QUANTITY AND CAPACITY CONSTRUCTIONS
29. TARIFF, CAPACITY PAYMENTS AND SHIP OR PAY

Part D – LNG Sales and Transportation
30. UNDERSTANDING LNG
31. LNG PROJECT STRUCTURES AND PRINCIPLES
32. LNG SALES CONTRACT CONTENT
33. LNG SHIPPING ISSUES
34. CHARTER PARTY AGREEMENTS

Part E - Common Components
35. FORCE MAJEURE
36. LIABILITY AND LIMITATION
37. THIRD PARTY INVOLVEMENT
38. TRANSFERS
39. TERMINATION
40. DISPUTE RESOLUTION
41. OTHER PROVISIONS

Appendix A – proforma memoranda of understanding and termsheets (gas sale and purchase, gas transportation, LNG sale and purchase)
Appendix B – proforma gas sales agreement
Appendix C – proforma gas transportation agreement
Appendix D – additional provisions