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Course Level
Introduction
Delivery Method
Live Instructor-Led Virtual Course
Professional Development Credit Hours
9
Pre-requisites
There is no pre-requisite for this course.

"The course has been very useful, interesting and helpful for I am approaching a completely new domain (LNG). Mr Malcolm Johnson is a great teacher and I have largely appreciated his wide experience and knowledge. He's very good at teaching virtually - teaching in virtual classes it's not easy at all!" Edison


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.

Overview of the LNG Value Chain (VIRTUAL) - LNG1V


Course Schedule

Date Time Location Price* Registration Deadline**
11-13 Oct 2022
Register
8:00 - 11:00 BST / 3:00pm - 6:00pm SGT
Zoom: Europe to Asia-Pacific
USD 1,480 (LNG1V-VILTAP22-10)
9 Sep 2022
7-9 Nov 2022
Register
10:00am - 1:00pm EDT/15:00 - 18:00 GMT
Zoom: Americas to Europe
USD 1,480 (LNG1V-VILTNA22-11)
7 Oct 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 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.

This virtual solution is comprised of three live instructor-led sessions hosted on state-of-the-art training software with video, audio, chat, live polls, breakout sessions and much more!


Who Should Attend?

"- New entrants to the LNG industry
"- Managers in specific areas of the LNG chain requiring a broader knowledge of the commercial issues affecting the 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

Session 1 Technical Overview

What is LNG?

  • Structure of the industry
  • Gas composition/properties/qualities
  • NGLs
  • Conversions

Liquefaction:

  • Liquefaction processes
  • Importance of gas quality
  • Comparison of process technologies
  • Project costs
  • LNG developments "“ floating/cbm

LNG Shipping

  • Cost comparison vs pipeline
  • LNG tanker fleet
  • Technologies
  • Costs
  • Delivery capacity/capacity requirements

LNG Regasification

  • Terminal operations
  • Floating storage and regasification

Session 2 Commercial

LNG Project Stakeholders

  • Overview of stakeholders across the value chain

Project Development

  • Development phases
  • Features/issues
  • Project management
  • Risks

Commercial Structures

  • Integrated projects
  • Non-integrated projects
  • Tolling structure

Agreements

  • Agreements structure
  • Main Agreements
  • Gas Sales Agreement
  • LNG SPA/MSA and US Sales Agreements
  • Shipping Agreements
  • LNG regasification Arrangements

LNG Financing

  • Basis
  • Types of agreement
  • Structure

LNG Project Profitability

  • Challenges
  • Cost elements
  • LNG economics

Session 3 LNG Supplies, Markets &Trading

LNG Supplies

  • Regional Supply sources
  • Atlantic Basin
  • Asia Pacific
  • Middle East

LNG Markets

  • Regional markets
  • Americas
  • Europe
  • Asia Pacific

LNG Trade:

  • LNG trade in perspective
  • Portfolio trading
  • Constraints/drivers
  • Short term versus long term trading

LNG Pricing

  • Pricing principles "“ netback versus cost plus
  • Market based pricing
  • Price indices
  • Spot prices

LNG Trends

  • Future perspectives

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