Looking Past COVID-19: An Asian View of the LNG Industry
Recorded On: 09/30/2020
Originally organized by the Asia Chapter
Phillip Solomon, Executive Director - Commercial, GaffneyCline
Paul Greening, Partner, Akin Gump Strauss Hauer & Feld
Norman Bissett, Foreign Legal Consultant, HHP, a member firm of Baker McKenzie
Moderator: Kim Hock Ang, Principal, Baker McKenzie
As LNG companies continue to work through the new complex market reality and explore their options, this webinar gives attendees a forward-looking view of the LNG industry, touching on the market situation and project developments in Asia and the need to maximize value and minimize risk in a post-COVID-19 world.
Attendees will leave with a better understanding of:
- trends and potential strategies for LNG pricing in Asia Pacific;
- potential options for liability relief for non-performance under LNG SPAs;
- additional challenges and opportunities for LNG industry stakeholders; and
- how companies can respond to best position themselves for the future, including acquisitions & divestitures.
Principal Advisor, GaffneyCline
Phillip Solomon is a Principal Advisor, Commercial and Project Finance with GaffneyCline based in our Singapore office. He has over 27 years of worldwide experience in the energy sector, including international operating companies, major equipment manufacturers and oilfield service companies. Where he has held multiple executive leadership positions. Phillip specialises in structuring and facilitating commercial agreements, Joint Venture commercial negotiations, agreements, Production Planning and Capital Management, Asset sales and purchases, Lifting, storage, transportation, sales and marketing agreements and commercial advisory and asset monetization.
Phillip actively participates and represents GaffneyCline at industry fora such as AJBCC, AmCham and APEC trade discussions.
Phillip is a Chartered Engineer in Australia, holds a B.Eng(Civil)(Hons) from RMIT University, an MBA from University of South Australia and a Diploma in Resource Economics from UCL.
Partner, Akin Gump Strauss Hauer & Feld
Paul Greening advises a range of clients—including private equity and fund investors, project sponsors and developers—on international energy, utilities and infrastructure projects. The bulk of his practice includes energy-related, cross-border transactions; oil and gas contracts; project development; and associated maritime law advice.
More specifically, Paul handles energy matters related to LNG, including natural gas and LNG sale and purchase agreements and LNG project development. His clients value his hands-on approach and deep understanding of complex commercial issues specific to the industry. Paul helps clients maximize their returns while keeping close watch on the keen interest that regulators in key markets have taken in LNG sale terms.
Foreign Legal Consultant, HHP, a member firm of Baker McKenzie
Norman S. Bissett is a foreign legal consultant with Hadiputranto, Hadinoto & Partners, a member firm of Baker McKenzie and is the Firm's administration head. He is a member of the Finance and Projects Group, working specifically in the Energy and Resources practice. Norman advises a number of companies on structuring and investing in, and development of, mining and oil and gas projects in Indonesia and Southeast Asia, including advising on LNG importation, storage, distribution and SPAs.
Mr. Bissett is admitted to practice in England and Wales and Scotland, and is a member of the Law Society of England and Wales as well as the Scottish Law Society.
Kim Hock Ang (Moderator)
Principal, Baker McKenzie
Kim Hock Ang is a principal in Baker McKenzie Wong & Leow's Finance & Projects Team, where he focuses on major infrastructure project development and energy projects development (including LNG), from the inception stage where the consortium is formed and investment structure is designed, to the project documentation, financing and sale of such brownfield asset post commercial operation date.
Kim Hock focuses on the development and financing of greenfield infrastructure and petrochemical and energy projects (particularly LNG), as well as the acquisition and disposal of brownfield project assets. He advises on mining and commodities contracts, project documents such as construction, procurement routes, EPC and EPCM contracts, operation and maintenance contracts, offtake contracts, and equity-related contracts such as joint venture agreements. He acts in a wide variety of financing transactions, project and trade finance, and restructurings.