LNG-to-Power Financing

Learn how project finance techniques are being applied to finance the import of liquefied natural gas (LNG) for gas-fired power generation projects.

The development of a global LNG market has provided an impetus for the integration of LNG regasification with gas-fired power generation. Whilst the co-development and co-financing of LNG regasification facilities with power generation infrastructure is a significant challenge, project finance techniques are being increasingly employed to meet this challenge. This course is designed to provide participants with a detailed understanding of how this can be achieved.

Starting with an overview of the fundamentals of LNG regasification and power generation, participants will learn the differences between integrated and tolling LNG-to-power models, together with their advantages and disadvantages.

Introducing a framework to analyse the qualitative and quantitative risk of LNG-to-power projects will highlight the unique challenges caused by the project-on-project risk that arises due to the interdependency of construction and commissioning of the gas and power infrastructures.  Structures for mitigating this risk are described and analysed, along with the key commercial contracts which underpin these complex financing solutions and the importance of ESG considerations.

Participants’ knowledge is consolidated through example case studies and interactive practical exercises.

On completion of the course, participants will be equipped with a clear understanding of:

  • The fundamentals of the liquefied natural gas market;
  • The fundamentals of gas-fired power generation;
  • Alternative financing structures for integrated and tolling LNG-to-power models;
  • Qualitative & quantitative risk analysis;
  • Project-on-project risk and mitigation;
  • The integration of key commercial contracts;
  • The role of an LNG aggregator;
  • Government support requirements;
  • The importance of environmental, social and governance (ESG) considerations.

The course is delivered as live webinars over three consecutive days by Ian Cogswell, who shares the knowledge he has gained  from over 20 years’ practical experience of oil & gas project financing and advising the government of Vietnam on the financing of its LNG-to-power developments, along with power and ESG expert, Audrey Caulliez-Louis, ensuring tuition is provided by specialists focusing on their core area of expertise.