Natural Gas Contract course is developed to help you gain an insight into the way which Buyers and Sellers view and negotiate Gas Sales Agreements by giving you a detailed understanding of the terms that are important in these transactions.

1. Supported By
PETROSYNC’S LEGAL SERIES
Adapting the Changing Dynamics in Contracting Strategies
22 February—24 February 2016
Bali, Indonesia
NATURALGAS
CONTRACTS
Sign Up Now & Get A Free Book on “ A
Framework for Negotiating and Managing
Gas Industry Contracts”!

2. 2
Our Natural Gas Contract course is developed to help you gain an insight into the way which
Buyers and Sellers view and negotiate Gas Sales Agreements by giving you a detailed
understanding of the terms that are important in these transactions.
LEGAL | NATURAL GAS CONTRACTS
How Does This Course Benefits You?
Fun Facts about Natural Gas
Museums use natural gas to regulate temperature and
humidity. This keeps paintings and other ancient artefacts
from being destroyed by environmental factors.
Avoid Common Contractual Pitfalls
Avoid common contractual pitfalls by mastering the important elements and principles of the
contract.
Mitigate Risks
Mitigating risks in gas contract by understanding risks that share among different parties and
mastering the use of risk allocation matrix.
Gain Better Position
Gain better position in the contracts by understanding the principles and techniques in
negotiating gas contracts.
Fun Facts about Natural Gas
Do you know in 200 B.C., people in China used natural gas
to make salt?
Natural gas is rapidly becoming ‘the fuel of choice’ in many
countries. At the same time it is one of the world’s most capital-
intensive industries. Global demand for natural gas is expected to
have risen by 2.2 percent per year by the end of 2019.
general@petrosync.com | +65 6451 4500 | www.petrosync.com
Course Overview
Course Design Focuses on Legal Structure
This course focuses on the legal structure of Natural Gas contracts with detailed
understanding on the principle features of the Gas Industry e.g. reserves, price, volume and
point-of-delivery.
Includes Specific and Practical Exercises
Techniques for drafting, negotiating and managing Gas Contracts are enhanced with several
exercises and case studies throughout the session.

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LEGAL | NATURAL GAS CONTRACTS
PetroSync Distinguished Instructor
Who Needs This Program
Practical & Consulting
Over 30 years international experience in petroleum laws and
contract negotiation. He is a qualified lawyer in the U.S. and
listed in the Guide to World’s Leading Energy and Natural
Resources Lawyers.
Training
Principal instructor in delivering workshops and seminars on
Petroleum Industry Negotiations, Petroleum Service Contracts,
Gas Industry Contracts, etc. for various corporate and
government organizations internationally.
Books and Publications
 International Comparative Petroleum Law
 “A Framework for Negotiating and Documenting International
Petroleum Transactions”
 “A Framework for Negotiating and Managing Gas Industry
Contracts”
Dennis Stickley
International Legal
Expert
 People involved in contract negotiations and all those who need an understanding of the
principles of gas contracts, including issues such as price terms and the allocation of risk.
Job Titles Include:
 Gas Contract Negotiators
 Petroleum Economists
 Legal Counsels, Managers
 Contract Executives, Managers
 Purchasing Executives, Managers
XXX
 Business Development Executives, Manag-
ers
 Gas Buyers, Sellers, Distributors, Traders
 Gas Project Investors and Advisors
 Project Executives, Managers
PetroSync Inhouse Solutions
PetroSync can tailor our courses to meet your specific
needs at your preferred location and schedule. Contact us
for more information at +65 6415 4500 or email to
general @petrosync.com
PetroSync Quality Assurance
All PetroSync courses are developed with top quality to
address all your training needs and purposes. Our courses
are vetted strictly to ensure that we always deliver the best
courses with the best industry expert.
general@petrosync.com | +65 6451 4500 | www.petrosync.com
08:00—09:00 Registration (Day 1) 13:00—14:00 Lunch
09:00—11:00 Session I 14:00—15:30 Session III
11:00—11.15 Refreshment Session I 15:30—15:45 Refreshment Session II
11:15—13:00 Session II 15:45—17:00 Session Iv (Last Session)
Course Schedule

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LEGAL | NATURAL GAS CONTRACTS
Course Agenda — 3 Days
general@petrosync.com | +65 6451 4500 | www.petrosync.com
DAY 1 Gas Industry Overview & Principles of Gas Contracts
Gas Industry Overview
 Technical Background, Gas Market Structure and the
Latest State of Global Gas Trade
 Gas measurement units and conversion factors
 Technical aspects of gas chain and definitions
 Comparison between gas transportation by pipeline, LNG,
CNG and GTL
 Gas market structure and gas industry regulatory issues
 Vertically integrated structure
 Unbundled operation
 Contract carriage/mandatory open access
 Regulatory model of USA and UK
 Overview of global gas trade worldwide
 International pipeline trade
 Geopolitical issues
 Possible global supply/demand mismatch
 Profile of gas trade of Europe, Middle East , USA and Asia
DAY 2 Types of Gas Contracts & Key Contractual Terms
Upstream Agreements: Exploration, Processing & Storage
 Production Sharing and Operating Agreements
 Gas Processing
 Gas Storage
Contract in Gas Chain
 Contract sequence: flow chart explaining separately, gas
contract
 Checklist of Articles for inclusion in the gas contract with
detailed explanations of their basis and composition
Explanation of Contract Clauses
 Gas Contract: Operational and Commercial Clauses to
include Recital, Scope, First Supply Date,
Commencement, Conditions Precedent, Quantities,
Quality Specification, Pressure, Measurement, Facilities,
Maintenance, Nominations, Shortfall Liabilities, Take or
Pay Provisions, Billing Payment
 Legal Clauses covering Force Majeure, Dispute
Resolution, Termination, Liabilities and Indemnities
Current Practice in Pipeline Gas Supply & Purchase
Agreement (GSPA)
 Duration and delayed start date provisions
 Indefinite pricing and indexation
 How to express gas quantities in pipeline gas contracts
Model Gas and Gas Transportation Contract—Examples
 Current Trends in gas contracts worldwide—GSPA
 Model Gas Sales and Purchase Agreement—GSPA
 Model Gas Transportation Agreements
 Specific provision
 Price Reopener Clause: Current Trends
 Dispute Resolution, Sole Expert, Arbitration,
Reconciliation, Available International Forums
 Side Letters: Payment security mechanism, Step in
rights, Change in Contract Provision
Gas Commercial Issues
 Gas Markets: Development in the unbundling and dereg-
ulation of gas markets
 Gas Networks: Interconnections and trading hubs
 Gas Pricing Methodologies
 Enterprise Structures
 Financing Options in energy project developments bal-
ance sheet, non-recourse project, multilateral agency
funding.
Gas Contracts—-Basic Principles
 Basic Principles and their construction—operational,
commercial and legal basis for long term contracts
 Gas contract terminology with calculation methodolo-
gies—to cover DCQ, ACQ, MTQ, TOP, Make Up, Carry For-
ward, Shortfall and Annual Reconciliation
 Interdependence of contracts in the gas chain
 Contract sequence (flow chart for gas)
 Contract aim—risk mitigation and commercial value
 International examples of Gas Sales and purchase Agree-
ment
 Background to long term gas contracts
Exercise:
 Assessment of Natural Gas Project Feasibility
Exercise:
 Term Sheet for Gas Transportation
DAY 3 Gas Transportation and Contractual Risk Mitigation
Shipping and Risk Mitigation
 Shipping Contract and Ship Chartering, CIF, FOB, Time
Charter, Bareboat and Contract of Affreightment
 Commercial Implications of financing LNG ships, share of
risk to different parties
 Gas contract risk allocation matrix, mitigation measures
Case Study in Gas Project Risk Matrix:
 A detailed review, in workshop simulation format, of
the development of a Risk Matrix for a typical LNG pro-
ject. In simulation format, the case study builds a Risk
Matrix to identify these risks and to examine the vari-
ous alternative means of addressing them.

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Gas Contract Negotiation—Principles and Techniques
 Contract Negotiation Stages, MOU, HOA, SPA, and GSPA
 Contract law and legal significance
 Important Concepts
 Contract Negotiation Stages
 Profile of a successful negotiator, effect of culture on
negotiation
 Effect of Culture on Negotiation
Exercise:
 Negotiation Simulation for Delivery Price
High Pressure Gas Transmission and Gas Trade
 Flexibility mechanism in the gas market
 Ancillary gas contracts
 Spot Contract
 Tolling Contract
 Depletion Contract
 Gas Balancing and Management of over/under run and
imbalance
 Standard transportation contract—checklist of Articles
 Gas Management System (GMS)
 Concept of High Pressure Transmission, Gas Balancing
and Management of over/under run
Case Studies in Negotiation Simulation for Pipeline Gas:
 A simulated negotiation of the terms and conditions in
Pipeline Gas Agreement. This simulation highlights all
the issues addressed in such contracts, and examine
the various alternative means of handling them.
Register For This Course Now!
Kindly fill up your particulars in the
registration form placed at the end of this
brochure, and send it to us or email to
registration@petrosync.com
Renegotiation or Termination of O&G Contracts
22 –23 February 2016 | Kuala Lumpur, Malaysia
LNG & Gas Sales Agreement—Negotiation & Pricing Review
11–13 April 2016 | Kuala Lumpur, Malaysia
Mastering Production Sharing Contract
11–13 April 2016 | Kuala Lumpur, Malaysia
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6. 6
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Title : Natural Gas Contracts
Date : 22—24 February, 2016
Location : Bali, Indonesia
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