Investment

We provide consulting advice and transaction support for gas, LNG and power asset investment. Clients who have engaged us to work with them on investment strategy include infrastructure funds, private equity funds, utilities and upstream companies.

Our expertise

Our team has extensive senior industry expertise of gas and power asset investment. So we provide clients with advice from the perspective of practical first hand experience. Our services cover opportunity targeting, investment case development, market value driver analysis, asset valuation, risk/return analysis, entry/exit strategy and business integration support.

We specifically focus on flexible gas and power asset investments, including thermal power plants, gas storage assets, interconnectors, gas & LNG supply contracts and flexible LNG supply chain infrastructure assets.

Client case studies

  • Project Client Brief overview

    Gas storage portfolio acquisition

    Client: Large Infrastructure Fund

    Objective: We advised the client on evolution of Central European gas market price signals, valuation of storage assets, contracting strategy and focus areas for enhancing returns.
    Deliverables: We prepared a Red Flag Report & initial review of asset margins, followed by a full Commercial Due Diligence Report covering asset valuations and key commercial considerations.
    Results: Our advice and analysis supported the client’s successful acquisition of the portfolio of storage assets.

  • Project Client Brief overview

    Storage & regas terminal development

    Client: Private equity fund

    Objective: We were engaged as commercial advisor to support the development of a UK fast cycle gas storage asset and regas terminal.
    Deliverables: We delivered the client of comprehensive economic analysis of asset values and commercialisation strategy, working with them to secure project development capital.
    Results: Our commercial advice has supported project development through design and FEED and we remain engaged to support progression to FID.

  • Project Client Brief overview

    LNG supply chain investment

    Client: Private Equity Fund

    Objective: We were engaged to analyse the evolution of the global LNG market and implications for asset value within the LNG supply chain.
    Deliverables: We delivered the client several scenarios of LNG market supply and demand balance, flows and price evolution.  In addition we advised on key portfolio investment implications.
    Results: Our advice supported a strategic review of existing LNG portfolio exposures and helped target potential acquisitions.

  • Project Client Brief overview

    UK CCGT transaction

    Client: Private Equity Fund

    Objective: We worked with the client to identify specific UK CCGT equity investment opportunities and provide transaction support.
    Deliverables: We completed analysis of UK power market evolution and asset risk/return distributions, as well as advising on offtake contract structuring and due diligence.
    Results: Our work supported the client through an asset bidding process and associated contracting negotiations.

  • Project Client Brief overview

    European CCGT investment strategy

    Client: Infrastructure fund

    Objective: We worked with the client to build an investment strategy that recognised value vs risk tradeoffs for CCGTs across European power markets.
    Deliverables: We analysed evolution of market spark spreads, value of ‘out of the money’ plant optionality and capacity market margin impact.
    Results: The result enabled the client to focus in on pursuing specific target transaction opportunities.