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Baker Botts debates the latest International gas and LNG trends at Gastech 2017 Japan

Media Alert
HOUSTON/LONDON - March 31, 2017 - The advancing role of gas & LNG in the global energy mix will be hotly debated by leading experts from Baker Botts and their industry peers at next week’s Gastech Exhibition and Conference at Makuhari Messe Chiba, Tokyo in Japan from April 4-7, 2017. 

Gastech is the world’s largest gas and LNG conference that has been running for the past 45 years. Japan will take center stage for the first time in this 29th edition. Over 25,000 commercial experts and technical innovators from across the gas value chain will gather together to talk about the latest challenges faced internationally and in Asia by the natural gas and LNG industries, and will consider how to develop new innovative solutions to improve and expand the industry and meet its challenges.
 
Program highlights include:
  • 5 April - Jay Alexander and Jason Bennett will present a paper titled, “In Defense of Take or Pay”, regarding the role of Take or Pay contracts in the LNG industry and the future for those terms 
  • 6 April - Steven Miles will present a paper titled, “Reducing Regulatory Risk to Stimulate Long-Term Investment in Projects: Two Steps Forward, One Step Back?”, which examines the effect of regulations globally on the growth of the LNG industry

“As market liquidity expands, the LNG trade is evolving, including shorter-term and lower-volume contracts, and contracts with greater degrees of flexibility. The world’s biggest LNG buyers in Asia, meanwhile, are coming together to form an alliance to pursue their commercial objectives, including more flexible supply contracts with greater destination flexibility. But as always, the market will continue to change and what is certain is that nothing is certain,” said Jay Alexander, a London based senior trial partner and co-chair of Baker Botts’ global international arbitration practice


“The LNG industry is going through growing pains right now and is in a period dominated by low prices and challenges to developing projects. As a result, however, the industry is more creative now than it has been in a very long time. LNG companies are growing and creating demand - there are companies out there that are finding ways to expand markets and to open up new markets. New LNG importing markets will provide for the growth of the LNG industry going forward. Places like Africa, South America and South East Asia, will all become long term consumers of LNG, in gas importing markets that have not existed previously. This will be very good for the long term health of the industry,” said Jason Bennett, partner in the Houston office and the Co-Head of the Global Projects Group at Baker Botts. 

“The global LNG market is going through a period of transformation, with key factors such as global economic growth, changing trade dynamics, emerging suppliers in Australia and the US, and new technologies all predicted to play a key role through to 2020. Small scale liquefaction projects and new forms of delivery (including FSRUs and containers) will alter the existing project landscape and new LNG supply chain technologies will help to contain costs,” commented Steven Miles, Baker Botts’ Energy Sector Chair and head of the 50+ lawyer LNG Practice

Baker Botts has a wealth of global experience in LNG related projects, transactions, disputes and regularly advises clients across the Asia Pacific region. Our integrated team of LNG experts are highly attuned to changing market conditions and efficiently able to manage the complex transactions inherent in major LNG projects.

For more information, please visit http://www.gastechevent.com/ 


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About Baker Botts LLP

Baker Botts is an international law firm of approximately 725 lawyers practicing throughout a network of 14 offices around the globe. Based on our experience and knowledge of our clients’ industries, we are recognized as a leading firm in the energy and technology sectors. Throughout our 177-year history, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit

BakerBotts.com.

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