LNG Fundamentals – Classroom Training
Details
Liquefied Natural Gas (LNG) has provided intercontinental mobility to natural gas, which now provides about 25% of the global primary energy. Being the cleanest fossil fuel, natural gas consumption is rapidly increasing.
This introductory level 3 full-day course provides a solid foundation to understand Gas and LNG Businesses by covering the relevant Technical, Commercial, Financial and Contractual aspects. Real-life examples will help to illustrate the main concepts and possibilities.
Economics of Liquefaction and Regasification projects are developed and compared with those for Natural Gas and Oil. The entire LNG Value Chain from “produce natural gas – pipeline transport to Liquefaction facility – Liquefaction – Storage – Shipping – Regasification and Distribution” is described step by step and analysed.
Project Business models employed are outlined, highlighting the main actors for each segment of the LNG Value Chain, and the relevant Contractual aspects. Recent developments, including Floating LNG, Floating LNG Power, small scale LNG, LNG as an alternative transportation fuel will also be briefly described.
Project and Commercial risks at various steps in the LNG value chain will also be discussed, with particular emphasis on pricing formulae used for longer term supply contracts and the changing trends in this area. Finally, the outlook for LNG and its role in the Energy Transition – towards a lower carbon emissions future – will be discussed.
This course can also be offered through Virtual Instructor Led Training (VILT) format.
Outline
After the completion of this course, participants will be able to:
- Understand the importance of LNG as a hydrocarbon fuel in the world energy balance.
- Understand how Liquefaction and Regasification facilities are designed and operated.
- Understand how LNG shipping operates.
- Appreciate how the entire LNG Value Chain operates internationally.
- Learn how an LNG project is set up and its economics and success factors.
- Understand functioning of the LNG markets and the pricing and contract mechanisms applied in the LNG Value Chain.
- Discuss the business structures required to improve performance and minimise risks.
- Discuss the Outlook for Natural Gas and LNG, new applications and their role in Energy Transition.
Speaker/s
Your expert course leader is an Oil & Gas/LNG professional with more than 35 years of international experience, majority of which was gained at Shell International Joint Ventures engaged in Oil Refining, Supply / Trading, Gas Supply and LNG Businesses in the Netherlands, France, Thailand, Dominican Republic and Nigeria.
Since 2004, he has had several roles in the management of the LNG Value Chain including the Commercial Operational Management of Nigeria LNG (NLNG). He played an active role in the start-up and integration of LNG trains 4, 5 and 6 with NLNG becoming the 3rd largest LNG producer in the world in 2007. Commercial operations spanned 4 Gas Supply, 11 LNG Sales & Purchase Agreements, ad-hoc LPG and Condensate Sales and LNG Ship Chartering contracts. Under his supervision, more than 2,000 LNG cargoes were exported. He was part of the organizational transformation of the company from a Project-based set-up to a Production / Commercial based structure and implemented an “Integrated Planning and Scheduling Department”” in which he optimized the value chain (Buy-Gas – Liquify Gas to LNG – Sell – Ship LNG). Staff competence management was one of his focus areas during this period. He was also the NLNG representative on JV Technical, Commercial, Shipping Committees where he interfaced with Government & Regulatory authorities.
Special Offer
Normal fee: SGD 4,199
Early Bird Promo: SGD 3,999
Team of 7: SGD 3779
Team of 10 : SGD 3611
Schedules
| Mon, Tue, Wed | 09:00 AM — 06:00 PM |
| No. of Days: | 3 |
| Total Hours: | 27 |
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