LNG PROCUREMENT AND TERMINAL MODELLING FOR GHANA 1000 PROJECT

Endeavor Energy, a IPP developer funded by Denham Capital and GE are the primary sponsors of the Ghana 1000 development.  This brings LNG via a FSRU for a 1300MW combined cycle power plant.  ECC provided the following support:

  • Structured and led the procurement programme for LNG using ECC’s industry knowledge and contacts.  The procurement programme solicited offers from some 17 suppliers encompassing portfolio suppliers, traders and greenfield projects.  ECC provided the analysis for the various offers and supported the negotiations leading to selection of a single preferred supplier.

  • ECC provided transactional advice and support during the drafting and negotiation of the LNG supply and FSRU charter agreements.

Built an Excel model to simulate LNG scheduling, delivery, storage and send-out operations at the FSRU.  ECC then ran various model scenarios to assess and optimise key technical and commercial parameters and support the drafting of scheduling terms in the agreements working closely with legal representatives.

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