Projects & Contracts · 5 Days · Public · Al-Khobraa certified · From USD 3,900
Overview
LNG trading, sink market mechanisms, the rise and fall of North America as a market for LNG, shale gas, nuclear incidents producing LNG shortfalls, and producing countries turning consumers all have left deep impacts on the LNG world and future contracts will bear their scars. The oil and gas industry is global in nature and it involves trading Pipeline Gas and LNG in Africa, Europe, the Middle East, Asia, and North America.
Learning Objectives
Understanding common contractual pitfalls in LNG contracts
Negotiate profitably LNG contracts, with a clear understanding of insurance provisions, liability and indemnity clauses
Enhance your ability to draft and negotiate LNG force majeure clauses
Assess and manage risks as relevant to LNG contracts
Grasp and apply dispute resolution methods to LNG contracts
Mitigate Risks
Addresses the key skills required to draft and negotiate modern Gas and LNG agreements and also learn how to establish a risk matrix and how to deal with risk in contracts.
Gain Better Position
Explains pricing mechanisms in various regional gas markets and their effect on Gas and LNG agreements to attain a better position in the contract.
Avoid Disputes
Show how the different agreements work with each other on a back to back basis and highlight the mechanisms of dispute resolution.
Who Should Attend
This course is designed for senior and middle-level commercial managers, contracts managers, compliance personnel, and other professionals seeking to strengthen their capability in this area.
Senior and middle-level commercial managers
Contracts Managers
Compliance personnel
Risk managers
Energy purchasing managers
Strategy managers
Pipeline marketing managers
Operations managers
Project managers
Course Outline
Day 1 — Dynamic of Downstream, Midstream, Upstream & Contract Law
Introduction to LNG & Sales Contracts
Training objectives
key terms and definition
The main international industry players
Day 2 — Module 4—Price Terms in Pipeline Gas Contracts
Module 5—Price Terms in LNG Contracts
Module 6—European Traded Gas Markets
Module 7—Effect on Global Gas Prices of Deregulation in the European Gas Industry
Module 8—The US Gas Market
Day 3 — Module 10—Key Negotiation Skills
Module 11—Economic Assessment of Gas Contracts
Module 12—Risk Assessment of Gas Contracts—Identification & Handling of Risk
Exercise
Day 4 — Force Majeure Clauses
Understand the purpose and risks this clause is intended to mitigate
Avoiding common Force Majeure pitfalls
Protect yourself from abuse and misuse of this clause
Mechanics of exercising Force Majeure rights
Day 5 — Contract Claims & Dispute Resolutions
Types and Assessment of Claims
Tiered Dispute Resolution Mechanisms
Formal Dispute Resolution
Preventing costly litigation through effective use of ADR option
Accreditation
Al-Khobraa certified. On completion delegates receive an Al-Khobraa certificate of achievement.
What do Al-Khobraa projects and contracts courses cover?
The portfolio covers project management fundamentals and PMP exam preparation, Primavera P6 planning and scheduling, PRINCE2, cost control and earned value, risk management, and contract management from tendering through claims and close-out. Courses use live project scenarios rather than theory alone.
Who should attend a projects and contracts course?
These courses suit project and programme managers, planners and schedulers, project engineers, cost and contract engineers, procurement and commercial staff, and team leaders moving into project delivery roles. PMP preparation additionally assumes documented project experience, which PMI verifies at application.
How long are projects and contracts courses, and where are they held?
Most Al-Khobraa projects and contracts courses run over 5 days. The exact duration, dates and city for this course are listed in the dates section on this page. Public sessions run across Saudi Arabia — Riyadh, Jeddah, Al-Khobar, Jubail and Yanbu — as well as regional and international venues, with live virtual classrooms available on request.
What certificate will I receive?
Delegates who complete the course receive an Al-Khobraa certificate of completion, issued by a Saudi-registered training provider. Al-Khobraa also delivers internationally accredited programmes; where a course carries an external awarding body such as PMI, CIPS, ILM or IOSH, that body is named on the course's own page.
Can projects and contracts training be delivered in-house for our team?
Yes. Any Al-Khobraa projects and contracts course can be delivered in-house at your own premises anywhere in Saudi Arabia or the GCC, with the content, dates and language of delivery tailored to your team. Al-Khobraa is an approved HRDF (Hadaf) provider, so eligible Saudi employers can seek training support. Contact us for a quotation.