Steffen Pedersen speaking at The 3rd FLNG & FPSO Design & Technology Conference, China
Steffen Pedersen was a keynote speaker on 14 January 2016 on legal issues in relation to FLNG projects at the 3rd FLNG & FPSO Design & Technology Conference held in the Tianjin Free Trade Zone in north China.
Steffen spoke about legal issues arising in FLNG projects and contracts, and ways to mitigate problems and avoid disputes to ensure a successful and profitable co-operation for the project, key issues especially in relation to construction in China where numerous FLNG projects are currently in progress. The key points he made were to ensure to deal with counterparty risk through due diligence, and guarantees, to avoid liability gaps in the contract structure and to ensure uniformity of law and dispute resolution mechanisms. His talk was very well-received and has generated numerous follow-up enquiries from industry players.
The conference was well attended and included delegates from China, Korea, Malaysia and elsewhere from the region with some of the world’s biggest and most prestigious companies in the offshore sector represented, including CNOOC, HHI and Wisun.