Compare and Contrast Offtake Agreements and Concession Agreements

Abstract

There are many types of project agreements that are executed for infrastructure projects; oil and gas exploration projects; and liquefied natural gas development projects. These agreements commonly tend to fall into two categories: offtake agreements and concession agreements.  This paper advances the understanding of the main project agreements, it explains the agreements and their models. The paper aims to explore the similarities and differences between offtake and concession agreements. The research methods adopted in this study include qualitative comparative methods and the comparison and contrast between agreements are performed through extensive study of the relevant literature.

Keywords: Project finance, project agreement, offtake agreement and concession agreement.