LNG Commercial Management

Created by LEC Team
Last updated Mon, 27-Mar-2023
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LNG is the most energy efficient fossil fuel-- it provides important power-saving advantages when it is used as opposed to oil or coal. It is additionally a resource of hydrocarbons for petrochemical feedstock and a significant source of important sulphur. Its popularity as an energy source is expected to grow considerably in the future because LNG can aid accomplish 2 important energy goals for the twenty-first century-- giving the sustainable energy supplies and solutions required for social and financial advancement and also lowering damaging impacts on international climate and also the environment generally.

This interactive, applications-driven 5-day LNG Supply, Need & Prices Sector training course will highlight the vast selection of LNG service features from starting to the end. This Blackbird Training course is made to help managers and also professionals to increase their company knowledge as well as stay on top of LNG service dynamics.

Course Purposes of LNG Commercial Monitoring

Gain a much better understanding of the dynamics of the whole LNG worth chain

Understand LNG manufacturing, storage, transportation and distribution

Recognize the LNG Rates Problems, Frameworks, for exports

Distinguish numerous sales, advertising and marketing conditions

Recognize the different terms in LPG sales as well as acquisition arrangements

Discover financial examination criteria and determine the return on investments

Day 1
Setting the Introductory LNG Scene in Energy Industry

  • 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

  • Global Production

    • Where and who are the producers of LNG

    • Projects currently under development

  • Global Markets

    • Where and who are the users of LNG

    • Projects currently under development

  • Gas Conditioning Processes

    • Excess water removal

    • Contaminants removal

    • NGL separation

Day 2
Essential Logistics of LNG

  • Nitrogen Rejection Processes

    • Cryogenic process

    • Absorption process (using lean oil or solvent) Membrane separation

    • Adsorption process (activated carbon) Storage System

  • LNG Transportation Logistics

    • 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

  • Liquefied Natural Gas (LNG)

    • Why LNG a growth industry

    • Compression & Refrigeration

    • Transportation of LNG

    • Major LNG Exporting nations

    • Major Importing nations 

Day 3
LNG Pricing Structures for Exports, Marketing and Project Risks

  • LNG Sales, Marketing and Trade

    • Price disparity in different regions

    • LNG Benchmarks

    • Major changes in LNG business

  • LNG Pricing Structures and Price Dynamics

    • Natural Gas Prices

    • Regional Pricing Disparity

    • Pricing Structures Key To Future Of LNG Exports

    • Oil Linked LNG Pricing

  • Business Sector

    • Industry and market Structure

    • Natural gas demand

    • Natural gas supply

    • Economics of the natural gas plants

  • LNG Expanding Market

    • LNG as land transport fuel

    • LNG as marine transport fuel

  • 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

  • Maximizing Profitability of Gas Plant Assets

    • Business Evaluation and Profitability Analysis

    • Return on Investment Analysis

    • Selection Criteria of Best Return on Investment

    • Portfolio Management

    • The performance strategy— integrated gas plant

    • The successful information strategy

    • Operations strategy 

Day 4
LNG Project Financing and Project Management

  • 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 versus DES sales

  • LNG Project Financing Essentials

    • Financial structures in LNG

    • Investment decision making

    • The key value drivers in LNG financing

  • Overview of LNG Financing Options

    • Balance financing

    • ECA and multilateral agency funding

    • Capital markets

    • Asset based financing

    • Project financing and structured recourse financing

Day 5
LNG Agreements, Regulations and Future Trends
  • 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

    • Benefits of Floating LNG Business

  • Wrap-up and Summary

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