Course description
This course provides a comprehensive overview of the LNG value chain from upstream supply, liquefaction, shipping and regasification of LNG. The course is designed for LNG professional involved in commercial, business development and other activities requiring an in-depth knowledge of gas and LNG. The focus is on the intergrated nature of the LNG value chain and the implications for the various contractual arrangements with particular emphasis on North America and its role in the global LNG business.
Includes Online Pre-study Module
This course is accompanied by a preparatory course available online. Delegates will receive a web voucher as part of their joining instructions upon confirmation of registration. By taking advantage of this "blended" learning approach, in-class time and learning are optimized.
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Suitability - Who should attend?
- Commercial managers and business developers requiring an in-depth knowledge of the LNG business in North America and its relationship to global LNG developments
- Professional personnel interacting with LNG supplies, markets and trading e.g. finance, legal, marketing and those who need to understand the various sectors of the value chain and how they interact.
Suitability
• Commercial managers and business developers requiring an in-depth knowledge of the LNG business in North America and its relationship to global LNG developments
• Professional personnel interacting with LNG supplies, markets and trading e.g. finance, legal, marketing and those who need to understand the various sectors of the value chain and how they interact.
Training Course Content
The LNG Value Chain
Overview of the LNG Value Chain
- The components of the value chain
- The integrated nature and the implications for LNG project development
Technical Process overview
- Upstream supplies and the different types of gas sources
- Unconventional gas supplies (shale/cbm)
- Importance of gas quality
- LNG storage requirements
- LNG liquefaction processes
- Comparison of process technologies
- New technologies (floating LNG)
- Shipping technologies and special nature of LNG vessels
- Cost comparison versus pipeline
- Shipping capacity and delivery capabilities and limitations
- LNG regasification and processes involved
- Terminal operations
- Offshore regasification
LNG project development
- Project phases
- Requirements at each phase
- Project Milestones and reviews
- Importance of integration across the value chain during project development
- Timetables
- Cost implications and value generation
Commercial Structures
- Alternative Commercial Structures
- LNG Contract chain Contractual arrangements and timing
- Complexity of integrating requirements
- Commercial implications of alternative structures
- FOB versus DES sales
- Tolling arrangement
LNG Agreements
- Overview of the contractual terminology
- Stakeholder analysis and drivers
- Agreement structure map
- Upstream Agreements
- LNG Supply Purchase Agreements SPA
- EPC Contracts
- LNG Shipping arrangements/agreements
- LNG regasification terminal arrangements/agreements
- Financing options and arrangements
- Comparative business models – US versus traditional LNG projects
Overview of natural gas/LNG Supply demand
- Evolution of the LNG business
- Relative size of LNG versus pipeline supplies
LNG Supplies
- Global LNG supplies
- Regional supplies - Asia, Middle East and Atlantic Basin
- US/Canada supplies
- Status/Regulatory process (DOE/FERC/MARAD) for LNG projects
- US LNG business model
- Issues arising from LNG exports versus domestic market
- Key success factors
- Constraints on new project developments
LNG Markets
- Overview of Natural gas consumption
- Growing importance of LNG
- Regional Market overview
- Asia – status, market characteristics, drivers and energy policies
- Europe – market characteristics, drivers and energy policies
- North/South America
- Overview of North American Gas scene – structure
- North America resource base -
- Historical development of North American Gas business
- North American pipeline network
- US Energy policies
LNG Trade
- Trading patterns
- Pipeline versus LNG
- Portfolio trading
- Arbitrage opportunities
- Constraints on LNG trading
- LNG pricing basis/principles
- Types of trade (long term versus short term)
- Impact of regulations
- Diversions/swaps and arbitrage
LNG Future Trends
- Growth potential
- New technologies
- New frontiers
- New players
- Trading and commoditisation
- Constraints on new project developments
Content
The LNG Value Chain
Overview of the LNG Value Chain
- The components of the value chain
- The integrated nature and the implications for LNG project development
Technical Process overview
- Upstream supplies and the different types of gas sources
- Unconventional gas supplies (shale/cbm)
- Importance of gas quality
- LNG storage requirements
- LNG liquefaction processes
- Comparison of process technologies
- New technologies (floating LNG)
- Shipping technologies and special nature of LNG vessels
- Cost comparison versus pipeline
- Shipping capacity and delivery capabilities and limitations
- LNG regasification and processes involved
- Terminal operations
- Offshore regasification
LNG project development
- Project phases
- Requirements at each phase
- Project Milestones and reviews
- Importance of integration across the value chain during project development
- Timetables
- Cost implications and value generation
Commercial Structures
- Alternative Commercial Structures
- LNG Contract chain Contractual arrangements and timing
- Complexity of integrating requirements
- Commercial implications of alternative structures
- FOB versus DES sales
- Tolling arrangement
LNG Agreements
- Overview of the contractual terminology
- Stakeholder analysis and drivers
- Agreement structure map
- Upstream Agreements
- LNG Supply Purchase Agreements SPA
- EPC Contracts
- LNG Shipping arrangements/agreements
- LNG regasification terminal arrangements/agreements
- Financing options and arrangements
- Comparative business models – US versus traditional LNG projects
Overview of natural gas/LNG Supply demand
- Evolution of the LNG business
- Relative size of LNG versus pipeline supplies
LNG Supplies
- Global LNG supplies
- Regional supplies - Asia, Middle East and Atlantic Basin
- US/Canada supplies
- Status/Regulatory process (DOE/FERC/MARAD) for LNG projects
- US LNG business model
- Issues arising from LNG exports versus domestic market
- Key success factors
- Constraints on new project developments
LNG Markets
- Overview of Natural gas consumption
- Growing importance of LNG
- Regional Market overview
- Asia – status, market characteristics, drivers and energy policies
- Europe – market characteristics, drivers and energy policies
- North/South America
- Overview of North American Gas scene – structure
- North America resource base -
- Historical development of North American Gas business
- North American pipeline network
- US Energy policies
LNG Trade
- Trading patterns
- Pipeline versus LNG
- Portfolio trading
- Arbitrage opportunities
- Constraints on LNG trading
- LNG pricing basis/principles
- Types of trade (long term versus short term)
- Impact of regulations
- Diversions/swaps and arbitrage
LNG Future Trends
- Growth potential
- New technologies
- New frontiers
- New players
- Trading and commoditisation
- Constraints on new project developments