Providing advisory services throughout the world.

We are specialists in the field of detailed commercial advice to the Oil and Gas industry:

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. 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 is renowned for providing Expert Witness support in price reviews and pricing disputes across the spectrum of the energy industry

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.  

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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.

TWCOG LLP’s 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

Arising from our extensive commercial experience in the oil and gas industry, TWCOG personnel frequently act as Expert Witnesses in disputes. Individuals from TWCOG’s London and Singapore offices have been engaged as testifying experts in disputes related to:

  • Gas (and oil) pricing, including price reviews under long terms gas and LNG supply agreements;

  • Quantification of damages under non-performance disputes;

  • Force majeure issues; and

  • Other commercial disputes in this industry

TWCOG LLP clients can tap into a great depth of knowledge and experience that spans the whole globe. We can provide an expert with specific experience from any particular region in Europe or Asia, or with global experience in international transactions.

TWCOG LLP has provided Expert Witness Services in over 60 commercial disputes in the Oil, Natural Gas and LNG industries. TWCOG’s Experts provide support in discussions and negotiations to resolve such disputes, and frequently give Expert Witness testimony in International Arbitration.

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TWCOG’s Experts provide a broad scope of capabilities, including, but not limited to, the formulation and recommendation of an appropriate claim structure, valuation and assessment of the current and historical market value of gas, assistance in commercial negotiation, the assessment of contract prices in line with market trends and the valuation of damages in performance disputes.

The TWCOG Expert team comprises of experienced professionals who are highly regarded in their respective fields. Their experience spans over 40 years in the industry and involves senior positions held at international Energy companies. TWCOG’s Experts operate globally, working from London and Singapore.

  • Disruption to gas supplies from Russia to European buyers

The current, unprecedented situation regarding the supply of Russian gas by pipeline is creating many challenges for European buyers. With its extensive experience in contractual performance and pricing issues in gas supply, TWCOG’s experts are well placed to advise in this area. Although this complex problem is still ongoing, TWCOG is already engaged on a number of the large gas supply contracts in this space.

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.

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TWCOG -Training & Conferences

TWCOG’s experts have been providing training to the industry on gas supply contracts for over 20 years. We train all levels of personnel in commercial issues related to these complex contractual arrangements, providing in-house training and public courses. In particular our short program on gas pricing and price reviews has proved immensely popular. Our upcoming courses are listed below:

Gas and LNG Contracts, Markets and Strategy: 28 – 30 April 2025 and 22 – 24 September 2025, Kuala Lumpur

As gas and LNG markets globalize, sound contracting capabilities are essential for successful new projects and partnerships. This intensive course equips you with advanced skills for structuring contracts that optimize value for your organization. You will learn from current case studies and examples illustrating real-world complexities and risks and gain strategic insight into gas and LNG pricing fundamentals and ties to traded markets.

The comprehensive agenda covers key gas and LNG agreements across the contractual chain and deep-dive into practical issues and solutions in contract terms, risk management, pricing mechanisms, arbitrage techniques, and more. This highly practical course enables you to approach gas and LNG contracting with new confidence and expertise. You can implement learning through interactive workshops focused on optimizing contractual and commercial outcomes.

We are pleased to announce that following Matthew Wilks’s successful 3 day course in July 2024, we have now added these two new course dates for 2025.

Please click here for full details of the course and to register.

Natural Gas Pricing, Trading and Hedging: 10 – 11 March 2025, Singapore and 19 – 20 May 2025, Kuala Lumpur

This intensive two-day course provides a comprehensive understanding of natural gas markets, pricing mechanisms, and risk management strategies. Participants will gain deep insights into the fundamentals of gas markets, from supply chain dynamics to global trading hubs, and understand how various factors influence gas pricing across different regions.

The course combines theoretical knowledge with practical applications, focusing on essential risk management principles and hedging techniques. Through detailed examination of futures, forwards, and options contracts, participants will learn how to develop effective hedging strategies and manage portfolio risks in volatile market conditions.

Our partner, Andrew Way will be running this informative new course.

Please click here for full details of the course and to register.

Negotiating Successful Gas & LNG Contracts – Pricing & Price Reviews: 19 – 21 March 2025, Bali, Indonesia

This intensive three day course will enable participants to gain an insight into the way in which Buyers and Sellers view and negotiate Gas and LNG Sales Agreements, and will give participants a detailed understanding of the terms that are important in these transactions. This course will give an insight into the way in which buyers and sellers view and negotiate gas and LNG sales agreements; provide a detailed understanding of the terms that are important in these
transactions and an appreciation of how pricing in contracts is approached in different markets. You will gain a thorough grasp of the inherent risks in a gas or LNG project, and learn how these risks are addressed within the gas and LNG sales agreement. Through case studies, you will adopt a highly practical approach to possible issues and solutions that arise with such contracts.

This course is being run by our Managing Partner, Anthony Way. Anthony has successfully led these courses over a number of years and will share his expert knowledge and expertise gained through over 45 years in the Oil & Gas industry.

For full details of the course and to register, please click here.

Conferences

We have had a successful 2024 guest speaking for Azerbaijan Arbitration Days conference in Baku in April; at the Global Disputes Summit in London in July; and supporting Squire Patton Boggs LLP at their two day event, “2024 Oil and Gas Roundtable” in August in Singapore.

We are looking forward to announcing more events in 2025.

TWCOG are always delighted to attend and support these events, which allows us to showcase and share our vast experience in the Oil and Gas industry.