Course description
This course provides a comprehensive overview of the LNG contracts from upstream supply, liquefaction, shipping and regasification of LNG. The course is designed for LNG professionals involved in commercial, business development and other activities requiring an in depth knowledge of LNG Agreements. The focus is on the integrated nature of the LNG value chain and the implications for the various contractual arrangements.
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Suitability
- Commercial managers and business developers requiring an in depth knowledge of the LNG business
- Professional personnel interacting with LNG supplies, markets and trading e.g. finance, legal marketing and those who need to understand the various sectors of the value chain and how they interact
Content
Overview of the LNG Value Chain
- The components of the value chain
Technical Process overview
- Upstream supplies and the different types of gas sources
- LNG liquefaction and process technologies
- Shipping technologies
- LNG regasification and processes involved
- Terminal operations
Developing an LNG project
- Project phases and milestones
- Requirements at each phase
- Cost implications and value generation
- Stakeholders
Managing Project negotiations
- Overview of the Contractual terminology
- Agreement structure map
- Managing the negotiations
- Risk analysis
Upstream Agreements
- Monetising the Upstream
- Joint Venture Agreements/Shareholder Agreements
- Gas supply Agreements
- Types of Agreement
- Main terms and conditions
- Implications for LNG SPA
- Pipeline/transportation Agreements
- Gas quality implications/requirements
- Tariff arrangements (Capacity/commodity charge)
Midstream Agreements
- Monetising the midstream
- LNG Supply purchase Agreement
- Main articles in an LNG SPA
- Master Sales Agreement MSA
LNG Shipping arrangements
- Shipping options
- Ship purchase requirements
- Charter arrangements
Regasification Terminal Arrangements
- Import terminal arrangements
- Merchant versus utility terminals
- Terminal Agreements
- Tariff structures
Financing Arrangements
- Sources of finance
- Lender requirements
- Financing structures
- Stages of financing
Overview of natural gas/LNG Supply demand
LNG Supplies
- Global overview
- Regional supplies from existing markets
- Potential new projects
- Constraints on new project developments
LNG Markets
- Overview of regional markets
- Country profiles for the main importers
- Contrast the various markets and the implications for LNG trade/contractual arrangements
LNG Trade
- Trading routes
- Major players
- Requirements for portfolio trading
- Constraints on LNG trading
- LNG pricing basis/principles
- Types of trade (long term versus short term)
- Diversions/swaps and arbitrage
LNG Future Trends
- Growth potential
- Globalisation
- New technologies
- New frontiers
- New players
- Trading and commoditisation