Liquefied Natural Gas

The Law and Business of LNG, third edition

Edited by Paul Griffin

Publication date:

01 September 2017

Publisher

Globe Law and Business

ISBN-13: 9781787421035

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 5 Martin Houston Tellurian Inc LNG shipping 7 David Gardner Michelet & Co Ltd Upstream challenges facing joint venture participants 29 Daniel Gosewisch Minor DKL Food Group Angus Jones Allen & Overy LNG regulation 51 Nina Howell Garry Pegg Daniel Rogers King & Spalding Principles of price reviews and hardship clauses in long-term gas contracts 89 Paul Griffin White & Case; University of Dundee Shale gas for LNG 133 Vivek Bakshi Ron Stuber Dentons Canada LLP Jeff Scobie Lawson Lundell LLP Structuring LNG projects: Evolution or revolution in the LNG supply value chain? 151 Joanna Kay Peter Roberts Orrick, Herrington & Sutcliffe (UK) LLP Floating LNG 169 Elze Frima Shell International BV Anthony Lepere Anthony Patten Shearman & Sterling LLP LNG sale and purchase agreements 185 Harry W Sullivan, Jr Texas A&M School of Law; Southern Methodist University School of Law; Kosmos Energy LLC Obligations and failures to deliver or take under long-term LNG sale and purchase agreements 213 Paul Griffin White & Case; University of Dundee Malcolm Jarvis 20 Essex Street, London Price reviews in practice 259 James Freeman Allen & Overy Boaz Moselle Cornerstone Research LNG trading 275 Anthony Patten Shearman & Sterling LLP Philip Thomson Ashurst LNG master sale and purchase agreements 287 Steven Paul Barra Chevron International Gas Inc LNG – a minefield for disputes? 305 James Baily Rachel Lidgate Herbert Smith Freehills LLP Portfolio LNG – the new normal (sort of) 321 Rich Feely Shell International Ltd Michael Lawson King & Wood Mallesons New markets for LNG 341 Nicholas Fulford Ryan Pereira Gaffney, Cline & Associates Financing LNG projects 357 James Douglass Baker Botts (UK) LLP Financing US LNG projects 395 Jason Webber White & Case Export credit agencies 421 Scott Neilson Allen & Overy US LNG and the global market 435 Andrew Walker Cheniere Energy About 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.