Mini MBA: Understanding the Dynamics of the LNG Industry
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COURSE DATES AND LOCATIONS
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INTRODUCTION
LNG is natural gas that has been converted to liquid form for ease of storage or transport. It takes up about 1/600th the volume of natural gas in the gaseous state. It is odorless, colorless, toxic and non-corrosive. LNG is the most energy efficient fossil fuel— it offers important energy saving benefits when it is used instead of oil or coal. It is also a source of hydrocarbons for petrochemical feedstock and a major source of elemental sulphur. Its popularity as an energy source is expected to grow substantially in the future because LNG can help achieve two important energy goals for the twenty-first century— providing the sustainable energy supplies and services needed for social and economic development and reducing adverse impacts on global climate and the environment in general.This Mini MBA Understanding the Dynamics of the LNG
The LNG processing and transportation in refrigerated compressed tanks are highly capital intensive and dynamic. To achieve maximum effectiveness, managers and professionals must continually expand their business knowledge and sharpen their skills.So in this course we will recognize to The fundamentals of LNG, production, transportation, pricing and its business economics,Global supply-demand, global production, global market dynamics, Analysis of technical, commercial, contractual business transactions, LNG Sales, Marketing and Trading, Understanding Upstream agreements, Understanding LNG Sales & Purchase Agreements, Understanding LNG Shipping arrangements, Understand LNG Project Financing and Project Management, Technical and economic success factors in business to support strategic initiatives; to mitigate risk; and to direct operational decision making
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COURSE OBJECTIVES
At the end of this course you will be able to:
- Analysis of technical, commercial, contractual business transactions
- LNG Sales, Marketing and Trading
- Gain better understanding of the dynamics of the entire LNG value chain
- Understand the LNG terminology
- Understand the various terms in LPG sales and purchase agreements
- Understand LNG production, storage, transportation and distribution
- Learn economic evaluation benchmarks and determine return on investments
- Global supply-demand, global production, global market dynamics
- Distinguish various sales, marketing terms and conditions
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COURSE AUDIENCE
This course is made for
- Joint Venture Officers
- Negotiators and Contracting Professionals
- Trading Professionals
- Geoscience & Engineering Professionals
- Supply Planners & Scheduling Professionals
- Government Regulators
- Law Professionals
- Tax & Finance Advisors
- Auditing Personnel
- Compliance Officers
- Business Development Managers
- Corporate Planning Professionals
- Equity Analyst and Bankers
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COURSE OUTLINE
Day One
Introduction to the LNG Industry
- Exploration, Development and LNG Production, Shipping, Importation
- Cost and Value Drivers: Shareholder Expectations
- The Value Chain: From Wellhead to Burner Tip
- Players: Governments, NOCs, IOCs, Banks and Insurers, etc.
Natural Gas Value Chain
- Exploration and Production
- Processing and Production
- Sales Gas Transmission
- Underground Storage
- Distribution
- Sales Gas and Product Specifications
Day Two
Nitrogen Rejection Processes
- Cryogenic Process
- Absorption Process (using lean oil or solvent) Membrane Separation
- Adsorption Process (activated carbon) Storage System
Storage Tanks
- Vapour Recovery System LACT Unit
- Sampling
- Natural Gas Transportation
- Pipeline Components
- Compressor Stations
- Metering Stations
- Valves
- Control Stations
Pipeline Operations
- Basics of Gas Pipeline
- Gas Flow Measurement
Day Three
LNG Sales, Marketing and Trade
- Price Disparity in Different Regions
- LNG Benchmarks
- Major Changes in LNG Business
Business Sector
- Industry and Market Structure
- Natural Gas Demand
- Natural Gas Supply
- Economics of the Natural Gas Plants
Global Markets
- Where and Who are the Users of LNG
- Projects currently under Development
Key Project Risk and Value Identification
- Understanding the Fundamental Commercial Drivers for Project Success
- Identification of Key Project Risks (from a commercial perspective) and Mitigation Strategies
- Reserves Definitions and Reserves Certification
- Completion and Cost Overrun Risks
- Cost Linkages to Oil and Gas Prices
Day Four
Gas Plant Project Management
- Project Management Overview
- Industry Perspective
- The Project Management Process
- Project Controls & Quality Controls
- Quality Assurance
- Commissioning and Start-up
Dispute Prevention & Arbitration
- Disputes
- Arbitration and Expert Determination
Commercial Structures
- Alternative Commercial Structures
- Complexity of Integrating Requirements
- FOB vs. DES Sales
Day Five
LNG Agreements
- Overview of the Contractual Terminology
- Stakeholder Analysis and Drivers
- Upstream Agreements
- LNG Supply Purchase Agreements SPA
- EPC Contracts
- LNG Shipping Arrangements / Agreements
- LNG Regasification Terminal Agreements
- Fiscal and Legal Regimes Worldwide
- Production Sharing Arrangements
Regulations
- The History of Regulations
- The Market under Regulation
- The Environmental Impact
The Future Trends in Natural Gas Trends
- Trends in LNG Markets
- Latest Changes and Movements in LNG Trading
- The Impact of Shale Gas
- Hubs vs. oil for price setting
- Market Shifts in Importation and Liquefaction
- Mid and Small Scale LNG
- Floating and Niche LNG Concepts
