Understanding Energy Contracts

This Understanding Energy Contracts training course will provide participants with a comprehensive understanding of energy contracts essential to manage the volatile energy market. In this training course participants will receive a thorough in-depth exposition of the several energy contracts and understand the rationale behind them and acquire essential skills to negotiate sound well thought out energy contracts. Energy needs must be met in a world that cannot survive without it. How effectively we meet this need will determine the development of the modern world. Energy Contracts need to be strategic and looked at through the lens of your company’s current risk profile. Companies need to formulate a targeted approach. Your energy contract management should provide customize solutions and also determine the best pricing strategy to meet your efficiency goals. Parties to the contracts want to mitigate dramatic price increases and the contracts need to address this and provide workable solutions. There is a need for customized contracts to avoid undue penalties which can cripple the commercial viability of a project. Energy contracts must allow for flexibility and the contracts must reflect this and have a robust basis for meeting stakeholders’ requirements.

Training Course Objectives

By the end of this training course, participants will be able to:

• Understand the global energy market and the structure of energy contracts
• Assess risks in the energy industry and know how to minimize those risks
• Examine and analyse the difference energy contracts both upstream and downstream
• Assess key issues faced during contract lifecycle and know how to negotiate appropriate contractual clauses
• Avoiding pitfalls in contract negotiations and ambiguous contractual terms

Designed For

This training course is suitable to a wide range of professionals but will greatly benefit:

• Contracts Professionals
• Commercial Managers and Professionals
• Project Managers Procurement
• Supply Chain Professionals
• Risk Manager/Contract Risk Professionals
• Financial Professionals in the Energy Industry