COMMERCIAL CONSULTANCY SERVICES

TWCOG LLP provides advisory services throughout the world, in the field of detailed commercial advice to the Oil and Gas industry. On behalf of our clients (Governments, NOCs, major IOCs & utilities and independent E&P companies), we are a leading consulting and advisory firm across the value chain from upstream PSCs to downstream sale and purchase agreements. TWCOG LLP is particularly renowned for providing Expert Witness support in price reviews and pricing disputes across the spectrum of the energy industry. We particularly specialise in the complex commercial arrangements surrounding gas and LNG developments, including long term and short term sales & purchase agreements and pipeline/terminal throughput agreements.

 

  TWCOG LLP provides high level advice regarding fiscal regimes, project financing and development, product commercialisation, economic risk evaluation & assessment and third party access or infrastructure sharing. We frequently lead the negotiation of such complex commercial arrangements as well as provide advice in the background to drive projects to completion.  

TWCOG LLP has extensive experience in project commercial support, and in contract negotiations worldwide, to assist clients during the development of greenfield and brownfield projects in the oil and gas industry. This experience centres on the negotiation (or renegotiation) of product sales contract(s) and has been gained principally in the gas markets of Europe, the Middle East and Asia. It extends from North Sea pipeline gas and transportation agreements, to development of new Middle East gas pipeline projects, and includes negotiation of LNG SPAs into Japan.

EXPERT WITNESS SERVICES

Anthony Way has acted as an Expert Witness and Advisor in over 50 price reviews of gas and LNG supply and purchase contracts since 2006, both in support of price review discussions and negotiations and in giving Expert Witness testimony in International Arbitration. Broadly recognised as one of the leading global experts in this field, clients have included RWE, Enel, Edison, Gas Natural Fenosa, Uniper - formerly E.ON, Engie, Naftogaz of Ukraine, Kansai Electric and PETRONAS. 

Using a core team of experienced consultants and analysts, TWCOG LLP provides advice, management and implementation at all stages of price review and arbitration: 

  1. Detailed contractual review of the terms of the contract suite to determine the clients commercial position in relation to the price review. 

  2. Formulation and recommendation of an appropriate claim structure subject to particular price review clauses and changes in market conditions.

  3. Expert witness testimony in International Arbitration.

  4. Construction, evaluation and use of a class leading, proprietary fair value methodology to analyse the transactional value of the client’s portfolio.

  5. Valuation and assessment of the current and historical market value of gas, including traded gas markets, comparable import pricing and best substitute analysis. 

  6. Assistance in commercial negotiation to achieve a settlement solution to a disputed price review.

ANALYST GROUP

TWCOG LLP has a dedicated and experienced team of top-class analysts that support its activities. This Analyst Group team performs in-depth analysis and rigorous research of markets, economic analysis of companies and projects, and provides full support for the Expert Witness activities in litigation support. The experience of its analytical team enables TWCOG LLP to fully analyse understand the value of products in the international oil and gas industry, both at a global and at a local level. Through building bespoke economic models and using sophisticated, uptodate analytical methods, TWCOG LLP can assess market worth of products, the value of oil and gas assets and infrastructure, and the detail of contractual pricing mechanisms.

TWCOG LLP is frequently called upon for complex data analysis when acting either as an Expert Witness or in an advisory role in the resolution of contractual disputes. This analysis has to be of a standard that can be used if such disputes go into International Arbitration, and includes the valuation of the quantum of damages in such disputes. With its outstanding Analyst Group, TWCOG LLP is ideally placed to provide such support for its experts.

SINGAPORE

Based in Singapore, TWCOG Pte Ltd is a market-leading consulting and advisory company with a focus on providing commercial services to the gas and LNG industry. We offer multidisciplinary expertise to address complex business challenges in gas and LNG. In particular we specialise in product sales agreements, terminal and pipeline agreements, litigation support, mergers and acquisitions, regulatory issues, and risk mitigation. We provide a well-respected combination of commercial, business and industry experience in this industry to meet the requirements of our clients throughout the Asia region.

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