A Practical Approach to LNG Shipping (VIRTUAL CLASSROOM) - TDLNGV 

CPE Credits Awarded: 18
Categories: The Natural Gas Industry , Shipping and Bunkering, LNG, Virtual Classroom Courses

 SESSION SCHEDULE

21-24 June 2022
 New York City Timing  London Timing
Session 1: 21 June 2022  
 9:00am - 1:30pm EDT  14:00 - 18:30 GMT
Session 2: 22 June 2022
 9:00am - 1:30pm EDT  14:00 - 18:30 GMT
Session 3: 23 June 2022 
 9:00am - 1:30pm EDT

 14:00 - 18:30 GMT

Session 4: 24 June 2022   9:00am - 1:30pm EDT  14:00 - 18:30 GMT

COURSE SUMMARY

LNG transportation accounts for 10% to 30% of total LNG supply chain costs from upstream gas production through to terminalling and regasification on the import side. It is central, both figuratively and physically, to the LNG supply chain and the safe, efficient execution of LNG supply contracts.

After many years in which LNG trade and shipping have been supply driven, and the proportion of spot and short term deals have been rising, we are currently in a period where gas supply is tight and the LNG sector is being driven by demand. Spot LNG prices this winter in Europe have been particularly high, to the extent that some buyers are now looking again at longer term deals in the search of some stability. In the meantime, these various factors have contributed to increasing volatility in the short term LNG freight markets.

Many see LNG as an important part of the path towards net zero carbon emissions. LNG is currently the front runner in the adoption of alternative fuels for bunkering ships. As a substitute in power generation for the use of coal and oil, natural gas offers distinct advantages in lowering carbon emissions. On the supply side increases in future supplies of LNG from N America and Qatar, in particular, will ensure that trade continues to grow this decade.
New players continue to enter the LNG shipping business and the LNG industry is increasingly looking for more flexible shipping arrangements. Larger ships, innovative ship designs, new containment and propulsion systems have been developed while safety and environmental factors remain foremost considerations in the construction and operation of these vessels.

This a virtual, intensive course run over four days and presented in association with Richardson Lawrie Associates Ltd. It is designed to take participants through all of the commercial, technical, operating, legislative and legal issues affecting the shipment of LNG from export to import terminal.

This is accomplished through a combination of presentations and exercises under the direction of expert speakers with extensive experience of the LNG industry and shipping. The aim is to give participants the ability to assess opportunities and manage operational and commercial risks in LNG shipping.

COURSE CONTENTS

LNG Consumption, Production and Pricing Trends - The Drivers for Shipping
•    LNG market fundamentals
•    Potential consumption growth trends by region
•    Sources of supply
•    LNG projects
•    LNG Pricing

LNG Vessels and the Market
•    Ship characteristics
•    Vessel types
•    Growth and future development of the world LNG carrier fleet
•    Demand and supply for LNG carriers
•    Short and long term charter rates
•    Key players - shippers and ship owners

LNG Ship Design and Technical Considerations
•    Including the calculation of shipping requirements

LNG Ship Operating Costs
•    Ship prices and capital costs
•    Fixed operating costs (manning, repairs and maintenance, insurance)
•    Voyage costs

The Evaluation of Shipping Economics and Calculation of Freight Costs
•    Optimisation of Freight Costs
•    An Exercise in Calculating LNG Freight Costs

LNG Shipping Contracts
•    Types of shipping contract
•    Key commercial terms
•    Key technical issues
•    Contract management

LNG Charter Parties and Shipping Terms in Sales Agreements
Marine Terminal and Cargo Operations
Custody Transfer
LNG as a Bunker Fuel
An Introduction to LNG Freight Futures

WHAT YOU WILL LEARN?

  • The key drivers for LNG shipping
  • The development of the LNG carrier fleet, the outlook for the market and key players
  • Vessel operating costs and the determination of freight rates
  • Choices over the design of LNG carriers
  • Calculating vessel requirements
  • Shipping contracts, charter parties and the marine terms in sale and purchase agreements
  • Factors relating to the ship/shore interface
  • An introduction to LNG freight futures

MANAGER'S ROI

Upon completion of this course your employees will be able to:
•    Identify and monitor the key drivers in the LNG shipping market
•    Understand the impact of key vessel design parameters on the calculation of shipping requirements for the individual projects
•    Prepare voyage estimates and calculate freight rates for potential business
•    Develop coverage strategies to minimise risks and exploit opportunities in the LNG shipping markets
•    Recognise the key clauses in shipping contracts, charter parties and the shipping terms in sales agreements
•    Understand the key aspects of ship/shore operations

WHO SHOULD ATTEND?

Delegates encouraged to attend include commercial and financial specialists, operators, planners and analysts working in shipping companies. In addition, sales, marketing and commercial personnel from LNG producers, suppliers and importers will all benefit. For example, national producer companies, international oil and gas companies, utilities and industrial gas consumers are encouraged to attend. Port authorities and terminal operators, individuals and companies new to the LNG sector, bankers and lawyers advising on LNG and LNG shipping, terminal and supply projects, and regulators and government organisations having an interest in the LNG sector will find the course valuable.

TESTIMONIALS

“The course was very useful and it tackled appropriate topics related to the LNG industry.  It was good having a range of experiences from the speakers and delegates.” - S.A., Nakilat

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