LNG

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.

Want to take the mystery out of LNG? If so, this course will discuss all facets of LNG from the exploration of natural gas to the ultimate end-user pricing. Designed as a course to introduce participants to both the technical and commercial aspects of the LNG marketplace, attendees will garner a better appreciation for LNG both as a fuel and a competitor to traditional natural gas. From this, participants will better understand the current and future impact of LNG as a tradable cargo and not just another mechanism for delivery of natural gas.

This course on LNG shipping is presented in the context of the overall LNG supply chain:

• how commercial shipping arrangements sit among the range of other agreements which exist between LNG producers, liquefaction parties, terminal operators;
• how the shipping contract overlaps with GSA’s, SPA’s and import/export agreements;
• the commercial, technical, regulatory, financial, legal and security risks that extend along the supply chain and which require the harmonization with the shipping sector;
• managing and optimising risk along the supply chain.

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.

The LNG shipping sector has also been evolving rapidly in recent years in response to accelerated growth in the international gas markets and - as in other parts of the LNG supply chain - technological innovation is seen as the means of optimising costs and increasing cargo outturn. New players have entered 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.