Mr. Andrew Flower

Principal, Flower LNG

Member of the Natural Resources Council

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Council Member Biography

Andy Flower is Principal Consultant at Flower LNG. As an independent consultant, Mr. Flower has advised clients in all parts of the world on issues such as strategy, markets, supply and demand, project structures and development, pricing, LNG shipping, and contracts. He is a frequent speaker at major conferences and has had numerous articles published. Mr. Flower retired from BP in 2001, as Director of LNG, after 32 years of service, 22 of which were related to LNG. During that time, he managed BP's LNG activities in Abu Dhabi, Nigeria, Qatar, and Australia, was involved in projects in Trinidad and Indonesia, and feasibility studies for developments in Russia, Venezuela, and Papua New Guinea. Mr. Flower has negotiated sales and purchase agreements with LNG buyers in Asia, Europe, and the Americas. (This is me - Update Profile)

Employment History

2001 - Unspecified: Principal, Flower LNG
1979 - 2001: Director, LNG, BP PLC

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Petronet and RasGas Implement Second Phase of their LNG Price Agreement

December 30, 2008

Analysis of:RasGas to revise LNG prices for India every month | www.reuters.com

The monthly revision in the LNG price in Petronet's contract with RasGas from January 2009 was agreed when the pricing arrangemnets were finalised in 2001 and will take place routinely. RasGas agreed to five years of fixed prices ($2.53/MMBtu FOB Qatar) after start-up of deliveries in January 2004 followed by 5 years when the price will move to full oil price indexation. In January 2014, when fully indexed, the price of LNG FOB Qatar will be 12.65% of the oil price as measured by the Japanese Crude Cocktail (JCC). The move to full oil price indexation will be gradual. In January 2009, fifty nine sixtieths of the price will be fixed at $2.53/MMBtu and one sixtieth linked to the average JCC oil price for the previous 12 months. In February it will be fifty-eight sixtieths fixed and two sixtieth oil price linked and so on until January 2014 when it will be entirely oil linked.

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