Mastering Global LNG Training Course

Attend this highly interactive three-day course and gain a solid, practical understanding of:

• The drivers and changes in the LNG chain
• Where Atlantic Basin LNG supply is coming from and when
• The linkages between Asian and Atlantic Basin LNG markets
• LNG in context of key European markets
• LNG pricing effects
• The developments in LNG trading, arbitrage and cargo diversions
• The global issues and current challenges in the LNG arena

Scroll down for the Agenda

Day One

LNG Essentials

What are Natural Gas & LNG?

• Composition
• Units & measurement
• Safety & hazards

The LNG Supply & Value Chain

• Conventional & unconventional upstream gas
• LNG chain
• Contract complexity & how they fit together
• Changes in LNG business model

Sales and Purchase Agreement (SPA) Contract Overview

• Essentials & importance
• Key issues & clauses
• Firm vs. flexible supply

Gas Liquefaction: Process & Plant

• Key plant items
• Capital costs & scale effects
• Issues for offshore development

Case Study: Equatorial Guinea LNG

LNG Export Financing

• Types
• Issues
• Trends

LNG Project Risks

• Knowing the risks
• Understanding implications

Exercise: Export Project Risks Delegates will be supplied with a brief from which they will assess risks & risk profile of an export project.

Day Two

Terminals & Shipping

Terminals: Business Overview

• Business model
• Regulation & financing
• Utilisation

Terminals: Technical Overview

• On-shore plant
• Off-shore & floating LNG developments

Terminals: Ship Arrival & Scheduling

• Berthing & Mooring
• Ship scheduling issues

Terminals: Loading & Unloading

• Arms
• Custody transfer
• Boil off gas

Terminals: Storage Tanks

• Why needed?
• Types
• Sizing issues

Regasification: Process & Plant Overview

• Vaporisation
• Gas send-out

LNG Shipping Fleet

• Vessels & containment
• FOB vs DES delivery
• New developments

LNG Shipping Costs

• New build
• Voyage costs
• Netback

Exercise: Voyage & Netback

Delegates will be supplied witha brief from which they will calculate relevant voyage costs, shipping rates & netbacks & discuss the key factors effecting LNG shipping economics.

Day Three

Supply, Demand & Trading

LNG Sources

• Asian exporters
• Atlantic exporters
• Middle East exporters
• Future issues & timing

Markets: Traditional Asia

• Japan, Korea & Taiwan
• Changing patterns

Markets: Emerging Asia

• Growing powers – China & India
• Regional: others

Markets: Atlantic Europe

• Current importers
• New & planned importers
• Security of supply issues

Markets: Atlantic North America

• Existing terminals
• New & planned terminals
• Interaction with gas market

Markets: South America

• Developing markets
• Brazil, Chile & Argentina

LNG Market Dynamics & Pricing

• Firm vs flexible markets
• Sellers vs buyers market
• Asian vs Atlantic pricing
• Market price sensitivities
• Quality issues

LNG Trades

• Commodity & capacity trading
• Short-term/Spot market
• Diversions, swaps & arbitrage
• Reloaded cargoes

Exercise: Trading & Diversions

Delegates will be supplied with a brief from which they will discuss key factors effecting LNG trading scenarios.

The traditional LNG business model is changing rapidly. This course looks at the essentials of the LNG supply chain and processes for Europe within a global context. More importantly, it examines issues around the introduction of LNG into regional gas markets and the evolving LNG global trade practices, together with the connections of North America with Europe, and the growing interaction with Asian markets.

Delegates will gain invaluable insights, enabling them to understand and master the fundamental and key issues of LNG in the European gas markets, with reference to the global context.