Post Conference Masterclass

A : An Executive Summary of the LNG Business

Led by: Arthur Dixon, AM, Independent Consultant
Registration 8:30am | Class runs from 9:00am–5:00pm

Purpose: To provide delegates with a managerial-level overview of the main concepts and issues associated with the LNG business, to better understand the risk/reward relationships, seeing the
business as a whole. Delegates should then be able to manage, understand and constructively challenge experts in particular segments of the business.

Morning: The facts, as it were

• What is LNG?
• Why is everyone so interested in it?
• Gas reservoirs – associated and non-associated gas, CSG
• Liquefaction of natural gas – main technologies,
• Storage of LNG – four types of containment systems
• LNG shipping
  > Types of vessels – Mooring – Emergency shut-down system – Boil-off Gas and Propulsion systems
• LNG receiving and regasification terminals – types of vapourisers
• Hazards of LNG – exclusion zone concepts

Afternoon: The commercial stuff and lofty thoughts

• Offshore concepts (FLNG)
• Project structures – integrated, transfer pricing, tolling
• Project development sequence – financing, importance of SPA
• LNG Sale and Purchase Agreements (SPAs)
• Main clauses of an SPA:
  > Terms of Trade
  > ACQ, Adjusted ACQ and Take-or-Pay
  > ADPs
  > Custody transfer measurement and testing
  > Pricing concepts in Asia Pacific, Europe and US
  > Spot trading
  > Force majeure
  > Payment security
• Contemporary issues

About your Module leader:

Arthur Dixon graduated as a chemical engineer from Melbourne University and has had more than 40 years with Shell. For 25 of those years, he was associated with Liquefied Natural Gas. Inter alia, he has been Project Co-ordinator, General Manager Marketing, a Director of Shell International Gas, Brunei Shell Tankers and Australia LNG Ship Operating Company (ALSOC) and was the inaugural President of the North West Shelf LNG marketing company, Australia LNG Pty Ltd.

Arthur has been involved in various roles with LNG ventures in Australia, Brunei, Nigeria, Oman and Malaysia. He has an unusually broad base of experience across the LNG “chain” and advises on
commercial and strategic issues for selected clients who may feel their own expertise is too focused. He also conducts introductory training courses for executives who feel they need a broader
understanding of the LNG business.

In 2008, Arthur was appointed a Member of the Order of Australia

B: Decision-making & the CSG to LNG investment chain

Led by: Deborah Resley – Practice Area Lead Global Gas & LNG, Decision Strategies, Inc.
Registration 8:30am | Class runs from 9:00am–5:00pm

Master class will: introduce the key uncertainties in deciding to invest in the complex, USD 5-15+ Bn, CSG to LNG value chain and an approach to mitigating risk pre-development

Deborah will address:

• Decision Analysis and Risk Mitigation
• Decision methods in unconventional gas
• The CSG to LNG Value Chain- where does it differ from conventional LNG?
• Complexity and integration of key commercial drivers
• Risks inherent and mitigable

Participants will learn how to identify many of the key uncertainties in the entire chain. Uncertainty management approach to LNG projects provides flexibility to model real time events and changes, captures value, reduces costs and reduces risks

Who should attend:
Professionals involved in both domestic and export gas projects, LNG buyers.

About your Module leader:

Deborah is the Practice Area Lead for Global Gas & LNG with Decision Strategies, based in their Houston office. Decision Strategies is a business Consultancy that enables energy clients to solve their most complex investment problems worldwide.

Deborah’s international career began in exploration geology and progressed to senior commercial management at British Gas in the UK. She has been a successful international gas consultant for the past 13 years. Her commercial and technical expertise ranges from transactions in upstream oil and gas ventures to gas chain pipeline and LNG projects. She has expedited international oil and gas business investment and development solutions on both strategic and tactical levels, working with IOCs, NOCs and multilateral agencies.

Deborah received her MS in Geology from Penn State and completed the International Executive Program at INSEAD in France.