TM

Solution Driven

Annual Summit on

LNG Contracting, Financing & Legal Issues

Intensive Course Limited Group size Save with Our Group Discount Plan Book Now! January 30 31, 2012, New Delhi

Course Highlights
First ever course in India on Contracting, Financing and Legal issues of LNG / RLNG Faculty comprises of experts who set up Dahej LNG terminal and negotiated contracts Special Session on Mastering Negotiation Techniques Highly relevant for all downstream stakeholders and end consumers Structured approach to bring newer entrants to Par of sector nuances Learn about the global LNG market: technicalities & and market structure Understand LNG contract sequence & licensing issues Work through the key principles and terminologies for LNG contracts Detailed summary of the operational, commercial & legal articles associated with LNG contracts Develop a robust project financing structure Utilize financial modeling as a basis for gas pricing Learn the latest practices of LNG price indexation A close look at transportation tariff determination models

Who Should Attend

Professionals in LNG who are engaged or likely to be engaged in gas production, selling, buying and transportation Those involved in international gas trade, city gas distribution, LNG liquefaction and re-gasification and cross country gas transit Gas contract lawyers, accountants engaged in project financing in the LNG trade and pipeline business Government officials who make policy decisions on oil and gas or strategies related to import/export of oil & gas

Course Directors

Mr. Prosad Dasgupta Mr. Sumanto Basu

Formar MD & CEO Petronet LNG Partner J Sagar Associates

Mr. Supratim Sarkar

EVP, Group Head-PA&SF SBI Capital Markets Ltd

Register Now and SAVE INR 25,000/USD 500!

Save up to 40% with Inhouse Training Multiple Booking Discount Price + 4th Delegate Free All participants receive a Certificate

Or register a team of 3 or more delegates and take advantage of our Special Group Rate, PLUS- the 4th delegate attends for free!

http://infraline.com/Events

About the Course

LNG, being an internationally traded commodity, has much more complex contracting mechanism than that of domestically produced natural gas. This is primarily because of the involvement of much higher number of stakeholders and risk elements in the entire LNG value chain. Also, association of multiple countries in LNG trade leads to multiple jurisdiction in the contracts. Very high stakes running in billions of dollars, extremely long term nature of contract, large Geopolitical risks involving countries criss-crossing the globe and consequent disruptions possibilities, multiple currencies, logistic issues, etc. further do not help the cause of keeping the fiscal issues simple either. To make the things further trickier for the buyer of RLNG, all these risks are passed through by the RLNG terminal operator and the gas pipeline operator to the consumer in full. This basically implies that every consumer of RLNG has to be fully aware of two things. One, deeper understanding of the RLNG chain and the risk elements involved and second, the impact of these risks on his business. To answer these challenges, Infraline has conceptualised first ever programme in India which zooms into each of these risk elements, explains it in simple terms to the participants in a class room manner and helps them analyse the impact. Not only this, the programme takes the participants through various vertical specific negotiation techniques like softer Take of Pay provisions, Price re-openers, etc. What makes this program unique as compared to similar programs offered in developed markets like London and Singapore is (1) the Course Faculty comprises of the top management persons who have hands-on experience on going through each element covered in this programme over 5 years while setting up Indias first RLNG terminal at Dahej (2) the programme is completely customised according to Indias position in the global LNG market (we are still considered as marginal players and therefore need to be better prepared in our homework). Its worthwhile to correct the perception that this course is useful only for someone setting up an RLNG terminal. On the contrary, it is quintessential for any stakeholder in the entire downstream value chain to understand the nuances of the above - be it a financial institution, consultant or advisor, service provider or the end customer. This is because as explained above almost all the risks in upstream chain are passed through in full to the downstream elements. For ensuring high learning value, the participants size is restricted to 50.

Key Deliverables
This course has therefore been designed to enable professionals in the gas sector to negotiate from knowledge and gain a competitive edge in the process. Key areas to be addressed include: Systematic treatment of value Chain for easy understanding and bringing newer entrants to par Introduction to fiscal arrangement, Model Contracts Project Financing and Lenders expectations Introduction to industry specific glossary like Typical trust and Retention (Waterfall structures), etc. Economic Evaluation and Financial Modelling Understanding the Modelling will be linked to cost of service and discounted cash flow methods Key Elements of Contracts Rational of basic principles underlying LNG contracts. Contrasting principles underlying LNG and gas transportation contracts. Model LNG Sales and Purchase Agreement and (downstream) Gas Sales and Purchase Agreement. Clausewise explanation of each contractual element. Key Legal Issues of Contracts Overview of legal documentation involved. LNG Project Development Issues and Relevance to downstream/industrial buyers (e.g., industrial and power project specific issues). Downstream Natural Gas and LNG Sales and Purchase Agreements Clausewise explanation of each contractual element. Transportation Issues Transportation Tariff determination methodologies DCF and COS based Revenue target and cost recovery methodologies in transportation tariff determination process Capacity and commodity based tariff Example Transportation tariff regulation Explain the underlying principles and provide hands on experience in the formulation of Gas Sales & Purchase Agreements (GSPA) and Gas Transportation Agreements between buyers and sellers of Natural Gas and LNG Acquaint participants on the current developments in international LNG and gas trading within Europe, USA, Middle East, Atlantic, Mediterranean basins and the Asia Pacific region Analyse the commercial and geopolitical aspects of gas transit across international boundaries and analyse the comparative position of transportation by LNG pipelines

What our Delegates have to Say:

Appreciate the initiative taken by Infraline Energy to organize this conference as R-LNG is very critical to fulfill Indias future energy requirement. - Paresh Sinha, IOCL Diverse range of speakers in the complete LNG value chain. - Manish Vohra, TGE Gas Engg. Pvt Ltd Initiated an excellent summit on RLNG market in India and provided opportunity to hear knowledgeable speakers from the industry.  - Narendra Pandey, Indraprastha Gas Ltd Wide coverage of different areas of RLNG, good and eminent speakers and very well organized conference. - Vikul Rastogi, Siemens Ltd

Course Outline
Welcome and Opening Remarks
Role of LNG in the emerging value chain and in enhancing Energy Security.

LNG Contracting Legal Issues

Overview of legal documentation involved. LNG Project Development Issues and Relevance to downstream/industrial buyers (e.g., industrial and power project specific issues). Downstream Natural Gas and LNG Sales and Purchase Agreements Contractual issues: Commencement for LNG supply, delay liabilities, allowing alternate supplies etc. . Use of Conditions Precedents in LNG and Downstream Gas agreements. Examples of certain LNG and LNG related Gas contract specifics, e.g., Take or Pay, shortfall liabilities, make-up etc. Alignment of LNG import contract to gas supply contract. Force Majeure exemption, mitigations and termination Treatment of change of law and government events Contract suspension, termination and liabilities of parties following termination termination event examples Price and contract reopener. Alignment with Gas Transport Agreements and other downstream obligations (such as scheduling of electricity etc. for Power Projects.)

Energy Security LNG Contracting Introduction and Structures

Introduction to LNG Chain Gas contracting - contracting counter parties Fiscal arrangements and payment security mechanisms from Project Finance perspective Possibility of limited recourse finance for LNG projects Risk analysis and allocation for each Project Finance transaction in LNG chain Security requirements and security sharing mechanisms amongst stakeholder

LNG Contracting Economic Evaluation and Financial Modelling

Typical Trust and Retention Account arrangements for PF transactions Economic evaluation of LNG projects Quantitative modelling of LNG trade

LNG Contracting Key Elements of Contracts

Contract Types Supply and depletion. Rational of basic principles underlying LNG contracts. Model LNG Sales and Purchase Agreement and (downstream) Gas Sales and Purchase Agreement. Different contracts and sub-contracts Heads of Agreement leading to LNG SPA and GSPA. Side letters supplementing the main SPA. Payment security mechanism to establish priority order of payment to LNG seller among other creditors.

Owners Perspective Closing Remarks

Be a Sponsor
Sponsorship of this event will make your company stand out as a leader in this burgeoning industry and will leave a strong impression of your brand in peoples minds. Sponsors have an incredible amount of presence and in conjunction with an exhibition stand it will not only give your company optimum exposure but also the opportunity for delegates to meet you and your Executives to find out more about your role and business opportunities in the sector.

Participants in Our Last LNG Conference

Adani Welspun Exploration Limited, Archirodon Construction, Bechtel India, BG Energy Holdings Limited, Black & Veatch Consulting, Bloom Energy (India) Pvt Ltd, BMT Consultants India Pvt Ltd, BOC India Limited, Burckhardt Compression (India), Bureau Veritas, India, CB Doctor Ventilators, COWI India, Cryostar, Deepak Fertilisers, Development Consultants, EID Parry (I) Ltd, Emco Wheaton, Ethical Energy Petrochem Strategies P L, Exxon Mobil Gas, Foster Wheeler India, Freyssinet Menard India, GAIL India Ltd, GEECL, GMR Group, Gujarat Gas Company Limited, Hazira LNG Pvt Ltd, Hindalco Industries Limited, Hindustan Construction Company, ICICI Project Finance, IDFC Private Equity, IFFCO, IGL, IL & FS Energy Dev. Company Ltd, Indra Sistemas India Pvt Ltd, International Finance Corporation, IOCL, IOT Infrastructure & Energy Services Ltd, Jindal Energy Ltd, JSW ISPAT Steel Ltd, Karaikal Port Pvt Ltd, KEI-RSOS Petroleum & Energy, Khed Economic Infrastructure, Krishnapatnamport Company Ltd, L & T Construction, Lanco Infratech Limited, Linde Engineering India Pvt Ltd, Lucky Securities, Mecon Limited, Osaka Gas, PDPU Gandhinagar, Petronet LNG Limited, Reliance Gas Transportation Infra Ltd, Reliance Industries limited, S I Group, Saipem India Projects Ltd, Shapoorji Pallonji Group, Siemens Limited, SOFREGAZ SA, Sravanthi Infratech Pvt Ltd, Standard Chatered Securities, Tata Power Trading, Technip KT India Ltd, Tecnimont ICB, TGE Gas Engineering, Toyo Engineering India Ltd, Value Prolific Consulting Services, Vijay Tanks and Vessels Ltd, Welspun Maxsteel Limited, Yanmar India Pvt Ltd

Registration Form
I would like to register for the Annual Summit on LNG Contracting, Financing & Legal Issues. I am enclosing INR______________ vide Cheque / DD no. ____________________ drawn on ______________________________ dated ____________________ in favour of Infraline Technologies (India) Private Limited payable at New Delhi, India.

Booking Details
(Kindly provide the below details for each delegate alongwith the covering letter) Name Designation Company Address

City & Postal Code Telephone Fax Mobile Email

RTGS Details
Account Holder Account No Name of Bank PAN No. IFSC/NEFT Code MICR Code Infraline Technologies (India) Private Limited 503011022657 ING Vysya Bank, New Delhi AAACI7075E VYSA0005030 110064003

Avail Early Bird Discount Till January 14, 2012

For International Wire Transfers please visit: http://infraline.com/wiretransferinstructions.doc

Registration Fee

Indian Delegate
Before January 14, 2012* INR 80,000 Standard Price INR 1,05,000

Foreign Delegate
Before January 14, 2012* $1600 Standard Price $2100

There is also a 10% team discount for a group of 3 executives from the same company, 15% discount on a group of 5 and 20% discount on a group of 7 or more. 10.3% Service Tax payable separately. The conference is a non-residential programme. * To qualify for the discount, payment must be received by January 14, 2012.

Sponsorship Opportunities are available

Special Offer
Register a team of 3 or more delegates and take advantage of our Special Group Rate, PLUS- the 4th delegate attends for free!

To Register Contact:
Komal Sharma / Kumar Saurabh, InfralineEnergy 14th Floor, Atmaram House, 1, Tolstoy Road, Connaught Place, New Delhi - 110001, India Tel: +91 11 66250011, 66250003, 46250000, Mobile: 9953587302, 9899866251, Fax: +91 11 46250099 Email: conferences@infraline.com

For Conference Updates & Online Registration please visit: http://infraline.com/Events