The Fundamentals of Large Gas Projects
Energy Delta Institute
Upon completion of the course the participant will have insight into:
- The identification of the key economic and (geo)political drivers that define a project’s business case and comparison with alternative projects.
- The structures and strategies for meeting the corporate objectives of each of the parties involved.
- The project set-up including the role and position of each individual player, the legal and regulatory framework, the geopolitical context, the business and economic situation, and so forth.
- The assessment of the project’s economic feasibility, including evaluation of the life cycle costs and the commercial performance.
- An appraisal of inherent project uncertainties and ways to manage or hedge the main risks.
- An assessment of the ability to raise project finance in the international capital markets from banks, development agencies and financial investors such as private equity funds.
- The importance of adequate project management, the different steps in the development of a project and the interaction between the relevant disciplines required to control and monitor the various stages of a project.
- The interdependency and interaction between stakeholders and external parties of influence that may have a critical impact on successful project finalisation and operation.
- An understanding of the key success factors, the risks and the causes of failure and delay.
Although the focus of the LGPC is on large, international projects, many elements of this course are also perfectly applicable to smaller-scale projects.