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Course Level
Introduction
Delivery Method
Classroom Instructor-Led Course
Professional Development Credit Hours
16
Pre-requisites
There is no pre-requisite for this course.

"Instructor generously shares his knowledge and experience in a great manner.   Excellence course." Equinor


Faculty

Malcolm Johnson has more than 30 years experience at Shell in the natural gas/LNG sector. He was Strategy and Planning Manager in the United Kingdom and Germany during the period of gas liberalisation in Europe. Malcolm has been involved in the development of a number of LNG projects including over 13 years on the Sakhalin LNG project from its inception to final investment decision involving the full range of commercial activities including governance, marketing, LNG contract negotiations and technical/ commercial interface management. He has also provided commercial advice on the Elba LNG receiving terminal expansion, floating LNG, LNG contracts and project development assurance. He is a recognised subject matter expert on commercial LNG matters. Malcolm is now a Director of eMJay LNG Limited providing expert advice and consulting services to the natural gas/LNG industries.


Accreditations

NASBA: Mennta Energy Solutions is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org

CPD Certification Services: The CPD Certification Service works with Mennta Energy Solutions to ensure valuable knowledge is structured to complement the universal guidelines of Continuing Professional Development. Mennta Energy Solutions courses are approved by CPD at one credit per training hour.

BAC: Mennta Energy Solutions is pleased to be endorsed by the BAC for Independent Further Education as a Short Course Provider. Endorsement covers courses delivered in the UK only.

GARP: Mennta Energy Solutions is registered with GARP as an Approved Provider of Continuing Professional Development (CPD) credits.

LNG Contracts Across the Value Chain (CLASSROOM) - LNGVC


Course Schedule

Date Time Location Price* Registration Deadline**
23-24 Mar 2022
Register
9:00-5:00pm
Houston, TX
$(USD) 1,975.00
10 Feb 2022

*Prices do not include VAT, GST, or any other local taxes. All applicable taxes will be added to the invoice.
**Please register by the deadline to help us ensure sufficient attendance and avoid postponing the course.


Course Summary

This course provides a comprehensive overview of the LNG contracts from upstream supply, liquefaction, shipping and regasification of LNG. The course is designed for LNG professionals involved in commercial, business development and other activities requiring an in depth knowledge of LNG Agreements. The focus is on the integrated nature of the LNG value chain and the implications for the various contractual arrangements.

What Will You Learn?

  • What is involved in developing an LNG project
  • The LNG value chain and the investments required
  • The processes involved in the value chain and their commercial impact
  • The different technologies and their commercial impact
  • How a regasification terminal operates
  • How an LNG project is developed
  • Commercial issues impacting LNG projects across the value chain
  • The main Agreements in an LNG project and how they are structured and progressed
  • In depth analysis of the main agreements (GSA/gas transportation/LNG SPA)
  • The main Shipping/Charter Agreements and their implications
  • LNG receiving terminal arrangements
  • The economic impact of the commercial terms in the main agreements
  • Financing structures and lender requirements
  • A global view of LNG supplies by region
  • Where the key LNG markets are and their characteristics
  • How LNG is priced and regional differences
  • The specialised nature of LNG trading
  • The differences between trading oil and LNG
  • Short term vs long term trading
  • Future trends in LNG

Who Should Attend?

  • Commercial managers and business developers requiring an in depth knowledge of the LNG business
  • 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

Course Content

 Overview of the LNG Value Chain

  • The components of the value chain

Technical Process overview

  • Upstream supplies and the different types of gas sources
  • LNG liquefaction and process technologies
  • Shipping technologies
  • LNG regasification and processes involved
  • Terminal operations

Developing an LNG project

  • Project phases and milestones
  • Requirements at each phase
  • Cost implications and value generation
  • Stakeholders

Managing Project negotiations

  • Overview of the Contractual terminology
  • Agreement structure map
  • Managing the negotiations
  • Risk analysis

Upstream Agreements

  • Monetising the Upstream
  • Joint Venture Agreements/Shareholder Agreements
  • Gas supply Agreements
    • Types of Agreement
    • Main terms and conditions
    • Implications for LNG SPA
  • Pipeline/transportation Agreements
    • Gas quality implications/requirements
    • Tariff arrangements (Capacity/commodity charge)

Midstream Agreements

  • Monetising the midstream
    • LNG Supply purchase Agreement
    • Main articles in an LNG SPA
    • Master Sales Agreement MSA

LNG Shipping Arrangements

  • Shipping options
  • Ship purchase requirements
  • Charter arrangements

Regasification Terminal Arrangements

  • Import terminal arrangements
  • Merchant versus utility terminals
  • Terminal Agreements
  • Tariff structures

Financing Arrangements

  • Sources of finance
  • Lender requirements
  • Financing structures
  • Stages of financing

Overview of natural gas/LNG Supply demand

LNG Supplies

  • Global overview
  • Regional supplies from existing markets
  • Potential new projects
  • Constraints on new project developments

LNG Markets

  • Overview of regional markets
  • Country profiles for the main importers
  • Contrast the various markets and the implications for LNG trade/contractual arrangements

LNG Trade

  • Trading routes
  • Major players
  • Requirements for portfolio trading
  • Constraints on LNG trading
  • LNG pricing basis/principles
  • Types of trade (long term versus short term)
  • Diversions/swaps and arbitrage

LNG Future Trends

  • Growth potential
  • Globalisation
  • New technologies
  • New frontiers
  • New players
  • Trading and commoditisation

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