Qatari Supply Contracts - As the lead commercial negotiator Featherwood drafted the export contracts along with the Qatari legal Counsel Charles Woods of Denton’s in London that resulted in the template contract for the majority of volumes for export into the Atlantic basin for the Qatari liquefaction terminals QG2, QG3, QG4. These contracts form the basis for LNG sale and purchase agreements in which billions of dollars of LNG have been transacted throughout the world marketplace.

​

 GNLQ Export Project Eastern Canada - Featherwood is currently working with the project sponsor to secure long-term sales of the LNG production from the export terminal located in Quebec on the Saguenay River (a tributary to the St. Laurence River).  We are engaged with over 20 buyers in the European market to secure long-term offtake agreements.  Featherwood has advised GNLQ on gas supply markets and conducted due diligence on the competitiveness of the project in the global LNG marketplace.  Featherwood is independently developing financial models to assist in marketing strategies that examine the LNG value chain from an energy commodity portfolio risk perspective.

 

Panama Terminals - Featherwood is currently managing the development of two LNG terminals in Panama on the Caribbean side of the Canal near Colon. The combined projects will have a capacity of over 1000 Megawatts. One terminal is utilizing an FSU to receive LNG cargos while the regasification facilities are located on-shore. The second terminal is utilizing an FSRU to vaporize the LNG on ships and deliver natural gas into the Panama power market. These projects are sensitive to precise operation because of the costly embedded penalties in Power Purchase Agreements which demand efficient operations from LNG delivery to power generation delivery into the local power grid. FW is integrating the LNG supply agreement with the receiving facilities and delivery into the Combined Cycle Power plants. FW is in the process of integrating the storage facilities of the two projects which will save the combined projects over $125,000.00 per day in operating expenses. 

 

Along with the project sponsors, FW is securing LNG supply for both projects for a 20-year supply contract. FW created a competitive bidding process with 11 different suppliers and is now in final negotiations. These negotiations for supply provide FW unique insight to the pricing and structure of the supply community as the suppliers represented were global in reach from the Middle East to Europe to the US Gulf coast and Oceania.

 

Snøhvit LNG Project (Hammerfest, Norway) - Scope of Activity: Conceptual design team tasked with examining and determining the product slate, which included an examination of product quality (LPG grades) and the commercial viability of non-standard product production (carbon dioxide and liquid ethane).  Responsibility for the marketing of LNG to select markets in Europe and North America and securing required LNG receiving terminal capacity, marine transportation, and downstream pipeline capacity.

 

Unique Attributes and Challenges:  The hydrocarbon fields that produce the raw stream are located up to 140 km offshore in the Barents Sea and were completed sub-sea with flow back in a multi-phase line (the longest in the world at the time of completion).  The receiving systems, treatment, separation and liquefaction plant are located on a reconfigured island in sheltered waters.  The project is the first LNG project which required the capture and sequestration of carbon dioxide produced from the feed-gas stream.  The decision to re-inject the CO2 was made after a thorough examination of the potential uses of the waste gas stream.  The northerly location (70° N) presented substantial construction challenges as well as a requirement for specialized training for vessel and plant operators.  The project constituted the first LNG export project in Europe expanded the benefits of hydrocarbon exploitation to the North of Norway where previously such activities were concentrated in the South of the country.

 

Kitimat LNG Export Terminal - Scope of Activity: Review of potential sites, review and evaluation of Kitimat site, negotiation of terminal agreements/purchase and sale agreement for the facility, negotiations of partnership agreements, discussion, and negotiations with First Nations stakeholders.  FWC was lead commercial negotiator for the principal party in the negotiations for the purchase of the Pacific Trail Pipelines project and the formation of the related project agreements.  FWC was responsible for the Creation of a project design and model covering liquefaction, transportation, sales, and delivery.  FWC also provided in depth analysis of the various markets available to the project and the competitive environment in which the project is being developed.

 

Unique Attributes and Challenges:  The hydrocarbon fields that produce the raw stream are located up to 1000km from the site, which necessitates lengthy pipeline transportation over rugged terrain.  The distance and costs of transportation from the fields to the plant requires extensive planning and analysis.   The field gas from many areas of British Columbia (particularly Horn River) is high in carbon dioxide and low in high value liquids (LPG’s and heavier), which presents additional costs and a reduction in revenue.  There is a set of challenges in the requirement to produce natural gas economically in a harsh environment, transport such gas over extended distances via pipeline, construct and operate a plant in a relatively remote location and then sell such volumes into a highly competitive Asian marketplace.​

 

Jamaica LNG Project - Scope of Activity: Review of potential sites, review, and evaluation of previous site selection and development plans.  FWC, after reviewing the previous development plan recommended to the LNG Steering Committee, under the auspices of the Office of the Prime Minster, that a revamping of the project be undertaken.  The LNG Steering Committee adopted the recommendations and embarked on parallel RFPs for the provision of LNG supply and requisite infrastructure to deliver the natural gas to end-users.   FWC then worked extensively with the technical advisor (Worley Parsons) to define the technical parameters including site selection, pipeline routing, and acceptable terminal design parameters.  FWC was directed to draft the RFP for LNG supply and to draft the commercial and conceptual sections of the RFP for LNG infrastructure, which were issued by the Government of Jamaica.  FWC was the lead external evaluator for the LNG Supply RFP and was a principal advisor to the selection committee for the LNG infrastructure RFP. 

 

Unique Attributes and Challenges:  The Jamaican market is relatively small, located on an island that is currently devoid of any natural gas infrastructure, completely isolated from any other national pipeline grid, and had no plant or equipment that was natural gas capable.  The country was under a restrictive agreement with the IMF and lacked a single credit-worthy buyer for such a transaction which necessitated innovative structures commercially to secure long-term volumes.  The LNG infrastructure was designed to anticipate major storm events including named storms and to effectively match and follow the load requirements of a limited number of customers with potentially high swing volumes including power generation that was subject to hourly dispatch.  The system was further designed to accommodate the introduction of domestic natural production should such volumes become available because of exploration efforts.​​​​​​​​​