Project Financing for the Energy Markets: M2 - Mid-stream Pipelines & LNG Projects

M2: Mid-stream Pipelines & LNG Projects (1 day) 13 October 2014, Hong Kong By attending this highly interactive and practical course you will: Gain a better understanding of oil and gas markets and how oil and gas projects are financed Gain a better understanding of the current trends in energy project finance Review the technical evaluations of upstream and downstream projects Understand how the technical issues of energy projects are translated into financial and credit risks Understand the finer aspects of financial modelling by identifying and quantifying the major risks that impact a project's cash flow generation capabilities Gain a better understanding of credit structuring techniques, so as to effectively mitigate the credit risks of an energy project Review the finer aspects of legal documentation, with legal documentation techniques and tips to help you properly reflect a credit structure in the legal contract Project Financing For The Energy Markets course background & methodology The course will enable participants with skills to identify and analyse prospective borrowers, structure credit facilities, and prepare credit applications for formal presentation and approval by bank credit committees. These skills can be used by the origination teams and credit teams of lenders and to support organisations which run or sponsor projects. Each section will be covered briefly as a module in a traditional class style, and the real learning experience will be found in the exercises within each module. Suggested solutions to each exercise will be provided and discussed. Supporting materials will be available for further in-depth learning. Who will benefit from attending Project Financing For The Energy Markets This course is designed for a multidisciplined audience suited to those involved in financing oil and gas projects and will be highly valuable to: Investment banking directors, associates and analysts in the energy industry Finance directors and managers of energy companies Accountants of energy companies Business development directors and managers of energy companies Equity analysts Credit analysts Corporate planners, and strategists of energy firms (such as oil refineries, LNG producers and shippers, oil and gas pipeline companies and oil and gas production companies) Financial managers and executives of energy companies Government civil servants, policy makers and bureaucrats for energy projects Institutional investors Private equity investors Lawyers and financial due diligence staff for energy project financings Institutional investors in energy projects, such as pension funds, hedge funds and investment funds Credit directors, managers and analysts, business origination directors, managers and analysts of energy and project finance banks Very good course materials combined with case studies, work through examples and shared experiences from participants from varied but very relevant backgrounds - Keystone Bank Limited (Nigeria) You can attend the 8-day intensive and practical programme 'Project Financing for the Energy Markets' which runs from 7-16 October 2014 or pick from the following 3 seperately bookable modules*: Project Financing for the Energy Markets 7-16 October 2014, Hong Kong Module 1: Upstream Development & Production (4 days) 7-10 October 2014, Hong Kong Module 2: Mid-stream Pipelines & LNG Projects (1 day) 13 October 2014, Hong Kong Module 3: Downstream Oil Refineries & Petrochemical Plants (3 days) 14-16 October 2014, Hong Kong Including: 17 key industry case studies to improve your understanding. *please email to book a separate module: energy@euromoneyasia.com
Day 1 Overview of global midstream energy markets; overview of the global LNG market and its impact on regional gas markets; Technical Review for a mid-stream project; LNG project: financial modelling in Excel Overview of global midstream energy markets Overview of the business development and credit process - why does country risk matter? Global and regional oil and gas production Geo-political influence on midstream energy projects, how can this mitigate credit risk? Major global oil and gas production projects in development Locations of global refining capacity Transportation the “lynchpin” in the oil & gas value chain Overview of the global LNG market World/Regional gas consumption World/Regional gas production Transportation of Gas - how LNG globalised a local commodity Growth in LNG investment and the collapse of gas prices – future concerns and opportunities Review of LNG projects in development and proposed projects Credit analysis: LNG project finance Quantitative risks and mitigation strategies Qualitative risks and mitigation strategies Case study: Credit structuring. Each team will analyse a transaction and develop an appropriate credit structure to mitigate credit risks. Expert feedback will be received. Technical review for a midstream project Why is the technical analysis so important in assessing mid-stream oil and gas projects? Reviewing the reserve report of the oil or gas fields that will supply the pipeline or LNG project Identifying credit risks and mitigation strategies Case study: Qatar Gas II – Whose risk is it anyway? Each team to undertake a credit analysis of the Qatar Gas II project, with expert feedback provided on candidate responses. LNG project finance: financial modelling in Excel Creating financial models for LNG financing Earnings vs. cash flow Debt amortisation schedule Assumptions Ratio analysis Case study: Each team will develop a financial model for a LNG financing and assess the strengths and weaknesses of the project. Each team will present their findings and propose whether to proceed or decline the transaction. Expert feedback will be provided. Course summary and Close *please email to book a separate module: energy@euromoneyasia.com