COURSE SUMMARY

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, 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.

WHO SHOULD ATTEND?

• New entrants to the LNG industry
• Managers in specific areas of the LNG chain requiring a broader knowledge of the commercial issues affecting the 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

COURSE CONTENTS

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

FACULTY

Mr Malcolm Johnson

TESTIMONIALS

“An enjoyable, thoroughly interesting course presentation which allowed interactive debate. ” A.B., Suez Global LNG