LNG Commercial Management
LNG Supply, Demand & Pricing
Why Choose this Training Course
LNG is natural gas that has been converted to liquid form by cooling -160C for the ease of storage, transportation and distribution. Natural gas currently accounts for 22% of aggregate global energy supply. LNG is the most energy efficient fossil fuel— it offers important energy saving benefits when it is used instead of oil or coal. It is also a source of hydrocarbons for petrochemical feedstock and a major source of elemental sulphur. Its popularity as an energy source is expected to grow substantially in the future because LNG can help achieve two important energy goals for the twenty-first century— providing the sustainable energy supplies and services needed for social and economic development and reducing adverse impacts on global climate and the environment in general.
This interactive, applications-driven 3-day IEMA LNG Supply, Demand & Pricing training course will highlight the wide array of LNG business features from beginning to the end. This IEMA Oil & Gas Technology training course is designed to help managers and professionals to expand their business knowledge and stay top of LNG business dynamics.
This IEMA training course will feature:
The fundamentals of LNG, production, transportation, pricing and its business economics
Global supply-demand, global production, global market dynamics
Analysis of technical, commercial, contractual business transactions
Understanding LNG Supply, Sales and Purchase agreements
Understanding LNG Regional Price Disparities, and Pricing Issuing
LNG Pricing structures key to future of LNG exports
LNG Sales, Marketing and Trading
Technical and economic success factors in business to support strategic initiatives; to mitigate risk; and to direct operational decision making
What are the Goals?
By the end of this IEMA training course, participants will be able to:
Gain better understanding of the dynamics of the entire LNG value chain
Understand LNG production, storage, transportation and distribution
Understand the LNG Pricing Issues, Structures, for exports
Distinguish various sales, marketing terms and conditions
Understand the various terms in LPG sales and purchase agreements
Learn economic evaluation benchmarks and determine return on investments
Who is this Training Course for?
This IEMA training course is suitable to a wide range of professionals but will greatly benefit:
Business Development Managers
Corporate Planning Professionals
Geoscience & Engineering Professionals
Supply Planners & Scheduling Professionals
Government Regulators
Law Professionals
Tax & Finance Advisors
Auditing Personnel
Compliance Officers
Equity Analyst and Bankers
Joint Venture Officers
Negotiators and Contracting Professionals
Trading Professionals
How will this Training Course be Presented?
This IEMA LNG Supply, Demand & Pricing training course will utilise a variety of proven management learning techniques to ensure maximum understanding, comprehension and retention of the business tools, techniques and best practices presented. The daily workshops will be highly interactive and participative. Participants will learn by active participation throughout the programme through the use of programme materials, case study exercises, quizzes, training videos and discussion of business cases issues in their organizations.
Daily Agenda
DAY ONE: Setting the Introductory LNG Scene in Energy Industry
Introduction to the LNG Industry
Exploration, Development and LNG Production, Shipping, Importation
Cost and Value Drivers: Shareholder Expectations
The Value Chain: From Wellhead to Burner Tip
Players: Governments, NOCs, IOCs, Banks and Insurers, etc.
Natural Gas Value Chain
Exploration and Production
Processing and Production
Sales Gas Transmission
Underground Storage
Distribution
Sales Gas and Product Specifications
Global Production
Where and Who are the Producers of LNG
Projects currently under Development
Global Markets
Where and Who are the users of LNG
Projects currently under Development
Gas Conditioning Processes
Excess Water Removal
Contaminants Removal
NGL Separation
DAY TWO: Essential Logistics of LNG
Nitrogen Rejection Processes
Cryogenic Process
Absorption Process (using lean oil or solvent) Membrane Separation
Adsorption Process (activated carbon) Storage System
LNG Transportation Logistics
Vapour Recovery System LACT Unit
Sampling
Natural Gas Transportation
Pipeline Components
Compressor Stations
Metering Stations
Valves
Control Stations
Pipeline Operations
Basics of Gas Pipeline
Gas Flow Measurement
Liquefied Natural Gas (LNG)
Why LNG a Growth Industry
Compression & Refrigeration
Transportation of LNG
Major LNG Exporting Nations
Major Importing Nations
DAY THREE: LNG Pricing Structures for Exports, Marketing and Project Risks
LNG Sales, Marketing and Trade
Price Disparity in Different Regions
LNG Benchmarks
Major Changes in LNG Business
LNG Pricing Structures and Price Dynamics
Natural Gas Prices
Regional Pricing Disparity
Pricing Structures Key To Future Of LNG Exports
Oil Linked LNG Pricing
Business Sector
Industry and Market Structure
Natural Gas Demand
Natural Gas Supply
Economics of the Natural Gas Plants
LNG Expanding Market
LNG as Land Transport Fuel
LNG as Marine Transport Fuel
Key Project Risk and Value Identification
Understanding the Fundamental Commercial Drivers for Project Success
Identification of Key Project Risks (from a commercial perspective) and Mitigation Strategies
Reserves Definitions and Reserves Certification
Completion and Cost Overrun Risks
Cost Linkages to Oil and Gas Prices
Maximizing Profitability of Gas Plant Assets
Business Evaluation and Profitability Analysis
Return on Investment Analysis
Selection Criteria of Best Return on Investment
Portfolio Management
The Performance Strategy— Integrated Gas Plant
The Successful Information Strategy
Operations Strategy
The 2hrs Examination costs N25,000 only
