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Course Level
Introduction
Delivery Method
Classroom Instructor-Led Course
Professional Development Credit Hours
24
Pre-requisites
There is no pre-requisite for this course.

"I really enjoyed the course. Thank you." Petrobras

Faculty

Malcolm Johnson has more than 30 years experience at Shell in the natural gas/LNG sector. He was Strategy and Planning Manager in the United Kingdom and Germany during the period of gas liberalisation in Europe. Malcolm has been involved in the development of a number of LNG projects including over 13 years on the Sakhalin LNG project from its inception to final investment decision involving the full range of commercial activities including governance, marketing, LNG contract negotiations and technical/ commercial interface management. He has also provided commercial advice on the Elba LNG receiving terminal expansion, floating LNG, LNG contracts and project development assurance. He is a recognised subject matter expert on commercial LNG matters. Malcolm is now a Director of eMJay LNG Limited providing expert advice and consulting services to the natural gas/LNG industries.

Accreditations

NASBA: Mennta Energy Solutions is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org


CPD Certification Services: The CPD Certification Service works with Mennta Energy Solutions to ensure valuable knowledge is structured to complement the universal guidelines of Continuing Professional Development. Mennta Energy Solutions courses are approved by CPD at one credit per training hour.


The Gas Chain Concept - Industry Structure, Economics, and Pricing (CLASSROOM) - NG3

Course Summary

This three-day course provides a comprehensive introduction to the concept of the "gas chain," a thorough understanding of which is essential for anyone associated with the natural gas business. The result is an understanding of the interdependence of each phase of the gas business and the implications of this for the commercial organisation, finance, operation and structure to commercialise gas reserves.

What you will learn

  • The organisation of the natural gas industry: the gas chain
  • Production, transportation and supply factors
  • Economics of natural gas production
  • Pricing concepts and marketing
  • Government involvement: regulation, control and competition
  • Formal presentations will be supplemented by Exercises/Case Study focusing on the economics of gas supply and demand

What Will You Learn?

  • The organisation of the natural gas industry: the gas chain
  • Production, transportation and supply factors
  • Economics of natural gas production
  • Pricing concepts and marketing
  • Government involvement: regulation, control and competition
  • Formal presentations will be supplemented by Exercises/Case Study focusing on the economics of gas supply and demand

Who Should Attend?

  • Specialists who wish to broaden their understanding of the technical, commercial and political workings of the international gas industry
  • Managers who are relative newcomers to the gas business

Course Content

Organisation of the Natural Gas Industry

  • Natural gas properties
  • Types of natural gas
  • Structure of the natural gas industry
  • Characteristics of the natural gas industry
  • Economic issues affecting the industry structure
  • Principles of project evaluation and financing
  • Stakeholders in the natural gas business
  • Problems of irregularity of demand
  • The gas supplier/customer relationship

Exploration, Production, Transportation of Natural Gas Supply

  • Exploration for natural gas
  • Drilling and production techniques
  • Economics of natural gas production and transportation
  • Natural gas transmission
  • The producer/transmission interface
  • Onshore and offshore pipelines
  • Owned and common user transportation systems
  • Project management
  • Operational problems
  • Project cost and economics
  • LNG fundamentals: production, liquefaction, shipping and regasification
  • Gas to liquids technology

Markets and Trading

  • Natural gas supply/demand balance
  • Characteristics of the market sectors for gas
  • Competing fuels and natural gas value
  • Pricing mechanisms
  • Commercial arrangements and agreements in the natural gas chain
  • Impact of taxation and royalties
  • Regional market characteristics
  • Differing regulatory systems around the world
  • Natural gas trading mechanisms

Exercises/Case Study

  • Formal presentations will be supplemented by Exercises/Case Study focusing on the economics of gas supply, demand and trading

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