Ochre Energy: energy storage

The sudden and dramatic interest in the use of LNG at both small and large scale has created a large gap in the commercial, technical and regulatory requirements that support the buying and selling of LNG.

The production of LNG requires typically very large, long term investments to build, operate and maintain LNG facilities and infrastructure. To underwrite, protect and reduce risks on these investments, the sale of LNG from these facilities must meet stringent requirements that support this. Some of the key considerations that must be taken into account include;

  1. The financial ability to underwrite the procurement of LNG for the contract term

  2. The risks associated with the procurement of LNG including sovereign, commercial and technical

  3. The ability to receive LNG without reasonable interruption

  4. The regulatory and statutory framework from both the sellers and receivers legal jurisdictions

Ochre Energy trades in LNG on a direct buyer and seller basis with no speculation or arbitrage, it procures LNG on behalf of its customers and sells LNG on behalf of its suppliers.

Ochre Energy’s work in this area has highlighted a large gap in the support of both customers and sellers in buying and selling LNG, and has created two services to fill these gaps.

  1. Technical Ready to Receive (TRTR) is a program carried out by Ochre Energy to validate a customer’s ability to technically receive within a specified start period a specified quantity of LNG for a specified period of time (usually contract duration). This is issued by Ochre Energy to confirm to a potential seller of LNG that this customer is ready and a validated schedule for all the equipment they require to receive LNG to be in place (including shipping) and will have the requisite competencies in place to deliver this. Technical Ready to Receive (TRTR) combines due diligence, project management and risk management techniques to assess in detail all the technical requirements for a given range of physical LNG transactions to provide a high degree of confidence to all parties involved in the LNG value chain.


  1. Commercial Ready to Receive (CRTR) is a program carried out by Ochre Energy to validate a customer’s ability to commercially receive within a specified start period a specified quantity of LNG for a specified period of time (usually contract duration). This is issued by Ochre Energy to confirm to a potential seller of LNG that this customer is ready. This would include licenses and permits, banking facilities, the commercial guarantees validated etc and to name a few. Commercial Ready to Receive (CRTR) combines due diligence, commercial and risk management techniques to assess in detail all the commercial, statutory and regulatory requirements for a given range of transactions to provide a high degree of confidence to all parties involved in the LNG value chain.

Both the Technical and Commercial Ready to Receive can be conducted independently, at any stage of a potential contract (concept to first cargo) and as a gap analysis. Ochre Energy can also provide risk mitigation strategies to overcome any potential areas of risk.

Ready to Receive programs are carried out on a reimbursable basis towards and agreed budget and can be initiated by either the customer or seller or both.

Ochre Energy’s Ready to Receive programs can provide an independent and high degree of confidence in each party’s ability to safely, reliably deliver and receive LNG on a commercially guaranteed basis. Ochre Energy’s Ready to Receive programs can be used as a contract Conditions Precedent (CP).

Please email ask@ochreenergy.com for more information
on Ready to Receive programs