Course description
This course provides a comprehensive overview of the LNG value chain from upstream supply, liquefaction, shipping and regasification of LNG into downstream markets. The course is designed for new entrants to the LNG business or for those with some knowledge of the business wishing to broaden their understanding of the complete value chain. Those without prior knowledge of the LNG business may wish to familiarise themselves through the pre-study web based course.
After learning the fundamentals about LNG, the course covers the liquefaction process and LNG plants, shipping and regasification terminals with a focus on what happens along the value chain. This is followed by an understanding of the commercial issues affecting LNG projects, the players and the various drivers affecting the development of LNG projects. Key aspects such as project development, timescales and the range of Agreements and their integration will be covered. The course then moves on to the global LNG supply sources, markets and trading and the factors affecting the growth of the LNG business.
This virtual solution is comprised of three live instructor-led sessions hosted on state-of-the-art training software with video, audio, chat, live polls, competitive quizzes, breakout sessions and much more!
Includes Online Pre-study Module
This course is accompanied by a preparatory course available online. Delegates will receive a web voucher as part of their joining instructions upon confirmation of registration. By taking advantage of this "blended" learning approach, in-class time and learning are optimized.
Do you work at this organisation and want to update this page?
Is there out-of-date information about your organisation or courses published here? Fill out this form to get in touch with us.
Content
Session 1 Technical Overview
What is LNG?
- Structure of the industry
- Gas composition/properties/qualities
- NGLs
- Conversions
Liquefaction:
- Liquefaction processes
- Importance of gas quality
- Comparison of process technologies
- Project costs
- LNG developments – floating/cbm
LNG Shipping
- Cost comparison vs pipeline
- LNG tanker fleet
- Technologies
- Costs
- Delivery capacity/capacity requirements
LNG Regasification
- Terminal operations
- Floating storage and regasification
Session 2 Commercial
LNG Project Stakeholders
- Overview of stakeholders across the value chain
Project Development
- Development phases
- Features/issues
- Project management
- Risks
Commercial Structures
- Integrated projects
- Non-integrated projects
- Tolling structure
Agreements
- Agreements structure
- Main Agreements
- Gas Sales Agreement
- LNG SPA/MSA and US Sales Agreements
- Shipping Agreements
- LNG regasification Arrangements
LNG Financing
- Basis
- Types of agreement
- Structure
LNG Project Profitability
- Challenges
- Cost elements
- LNG economics
Session 3 LNG Supplies, Markets &Trading
LNG Supplies
- Regional Supply sources
- Atlantic Basin
- Asia Pacific
- Middle East
LNG Markets
- Regional markets
- Americas
- Europe
- Asia Pacific
LNG Trade:
- LNG trade in perspective
- Portfolio trading
- Constraints/drivers
- Short term versus long term trading
LNG Pricing
- Pricing principles – netback versus cost plus
- Market based pricing
- Price indices
- Spot prices
LNG Trends
- Future perspectives