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Innovations in LNG Contracting
The global expansion of LNG trading has triggered fundamental changes to contractual arrangements in the LNG industry. The recent proliferation of short-term deals, in particular, has challenged the predominance of traditional long-term contracts. Despite an increasing relevance of short-term alternatives, +10-year LNG Sale and Purchase Agreements (LNG SPAs) will likely remain the key contractual mechanism for international LNG sales in the 2020s.

The purpose of this webinar is to discuss changing terms in LNG SPAs, with focus on contracts for deliveries to emerging Asian LNG markets. The webinar will explore the key innovative features in Asian LNG SPAs such as novel pricing mechanisms, recourse to price review arbitration, and enhanced termination rights, including in the event of force majeure.

The webinar will also discuss the impact of the COVID-19 crisis on the evolution of contractual arrangements in the LNG industry, highlighting that the recent market events have exposed three key needs for changes to Asian LNG SPAs: (1) to abandon oil-linked pricing, (2) to increase operational flexibility, and (3) to re-examine contract adjustment mechanisms.

This webinar will be recorded and posted on the USEA website. If you have any questions, please email Sarah Blanford at sblanford@usea.org.

Aug 12, 2020 06:00 AM in Eastern Time (US and Canada)

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