North American Overview of the LNG Value Chain - LNG1NA 

CPE Credits Awarded: 16
Categories: The Natural Gas Industry , LNG

Course Date Duration Venue Price Register by Date Register
01 Nov 2017 2 Days Houston, TX Country: us
$ (USD)2,471.00
22 Sep 2017

Gold CourseThis course provides a comprehensive overview of the LNG value chain from upstream supply, liquegaction, 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 Web-based 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.

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 importance of gas quality and upstream supply issues
  • Impact of economies of scale
  • The specialised nature of LNG projects
  • The different technologies and their commercial impact
  • The interaction between upstream GSA and LNG SPA
  • The specialised nature of LNG ships
  • How shipping fits in the value chain
  • Alternative shipping arrangements/options
  • The main Shipping/charter Agreements and their implications
  • How a regasification terminal operates
  • Who the key stakeholders in an LNG project and their drivers
  • 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
  • Analysis of the main agreements (GSA/gas transportation/LNG SPA)
  • The different business models in project development
  • The economic impact of the commercial terms in the main agreements
  • Financing structures and lender requirements
  • A global view of LNG supplies by region with focus on North America
  • Competitiveness of North American LNG
  • 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

Manager’s Return on Investment

Upon completion of this course your employees will have:

  • Comprehension of the integrated LNG value chain and key characteristics of each element and the investments involved
  • An overview of the commercial agreements across the LNG chain and the implications for LNG project development and trading
  • An understanding of the main stakeholders, their drivers and their influence
  • A full appreciation of LNG pricing mechanisms in the regional markets
  • An understanding of the driving forces in the LNG business including prospects for future developments and the changing supplies and markets

• 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.

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

Faculty

Mr Malcolm Johnson

Testimonials

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