LNG: Supply, Demand, Pricing and Trading (Online Course)
LNG: Supply, Demand, Pricing and Trading (Online Course)
The LNG business is changing in response to the impact of the Covid-19 crisis, Russia’s invasion of Ukraine and energy transition. As the world economy recovers from Covid-19, the demand for natural gas and LNG is growing but delays in taking a Final Investment Decision (FID) on new liquefaction projects and in the progress of capacity under construction since 2020 has slowed the expected increase in supply over the next 3 or 4 years. Russia’s invasion of Ukraine has boosted LNG demand as Europe turns to LNG replace the reduction in pipeline gas supply from Russia, which had been the region’s largest sources of natural gas imports. In the longer-term, energy transition is putting pressure on all parts of the LNG chain to reduce emissions and is leaving buyers of LNG uncertain whether to enter into new long-term contracts, which in many cases requires the commitment to supply well into the 2040s when many countries will be moving to net-zero emissions if they are to meet targets they are setting.
LNG supply and demand in 2022 increased by 5.5% (20.6 mt), similar to the 18 mt (5.1%) increase in 2021. It took total global activity to 394 mt. However, the global outcome does not tell the full story as the major switch in trade flows with Europe’s imports increasing by 46 mt (60.5%) in 2022 while Asia, which had been the main source of import growth, saw a decline of 18 mt (6.7%) led by China where they fell by 15.5 mt (19.5). However, market prices in Europe and Asia have been volatile hitting record low of $2/MMBtu in 2020 as demand fell because of Covid-19 but soaring to $70/MMBtu in 2022 as buyers competed to secure scarce supply. Spot charter rates for LNG ships have similarly varied over a wide range since 2019.
But what is the outlook for the business? Will the turmoil of the last 3 years continue or will the commissioning of the 170 mtpa of capacity under construction in April 2023 lead to a more balanced market and prices varying over a narrower range that we have seen recently? The online course will, over 6 sessions, try to answer these questions. It will focus on commercial issues, but technology and shipping will also be covered. It will consider the outlook for the business over the period to 2040 in terms of markets, sources of supply, pricing and trading and the response to energy transition. It is designed not only for newcomers to LNG but also those who want to refresh their knowledge or who have experience in one part of the business or one region and want to widen their knowledge.
Benefits of Attending
- Understand LNG chain technologies, costs, economics and safety
- Appreciate how the LNG business is changing and the implications for those working in the business
- Gain insights into LNG pricing and how it is evolving
- Acquire in depth knowledge of world LNG markets and supply sources
- Assess the increasing role of spot and short-term trading
Live Online Course – How It Works
The structure of our virtual learning program is designed to keep the same levels of engagement and networking as our on-site public courses. Course content is delivered through our easy-to-use online learning platform and is supplemented by case studies and practical exercises.
Like our classroom-based public courses, you will have live interaction with our course facilitators and other participants. Our live online courses are led by our experienced instructors, who will provide you with easily digestible content, using knowledge learned from many years in the industry, during scheduled times. Delegates will receive copies of the course materials electronically.
This course is scheduled to take place over 6 live online sessions using virtual learning technology.
Session 1: 12 September 2023, 1pm-4pm GMT
LNG Value Chain in 2023
- What is the Role of Natural Gas in Global Energy Markets
- Why LNG?
- The LNG Chain
Session 2: 13 September 2023, 1pm-4pm GMT
Safety, Shipping and Current Status of the LNG Business
- LNG Safety
- LNG in 2023
- LNG and Energy Transition
Session 3: 14 September 2023, 1pm-4pm GMT
LNG Markets and Terminals
- LNG Markets
- Floating Storage and Regas Units (FSRUs) and Floating Storage Units (FSUs)
- Accessing LNG Receiving Terminal Capacity
Session 4: 18 September 2023, 1pm-4pm GMT
LNG Shipping and LNG Supply
- LNG Shipping
- LNG Supply
- Floating Liquefaction (FLNG)
Session 5: 19 September 2023, 1pm-4pm GMT
Acquiring LNG Supply and LNG Pricing
- Options for Acquiring LNG Supply
- LNG Pricing
- LNG Contracts
Session 6: 20 September 2023, 1pm-4pm GMT
LNG Contracts and LNG Spot and Short-term Trading
- Sales and Purchase Agreements
- LNG Spot and Short-Term Trading
- Hedging, Risk Management and Derivatives
- The Future of LNG
- Course Review and Final Q&A
The agenda will combine presented materials with plenty of opportunity for Q&A, interactive discussions, and the use of quantitative models to illustrate key learning points. Current market examples and data are utilised wherever helpful.
We would like to customise the workshop based on your specific needs. Pre-Course Questionnaire will be sent prior to the workshop for analyse in advance and to be addressed during the course.
Upon the successful completion of this course, you will receive a Certificate of Completion bearing the signatures from both the Course Director and the Course Organiser. This Certificate will testify your endeavour and serve towards your professional advancement.
What People Are Saying
Who Will Attend
- Upstream, midstream and downstream gas professionals
- LNG buyers
- LNG traders
- Bankers and project financiers
- Governments officials
- Representatives from countries and companies planning to import LNG
- EPC contractors
- Legal advisers
- LNG receiving terminal operators
- Liquefaction plant operators
- Strategists, planners and analysts