LNG: Supply, Demand, Pricing and Trading (Online Course)
Commences: 27 March 2023
Live Online Course
2022 is proving to be a year of change for the LNG business. LNG demand is growing as Covid restrictions are eased but reduced investment during the pandemic and delays in construction are slowing the addition of much needed new liquefaction capacity. The Ukraine crisis has added to the demand for LNG as Europe implements policies to reduce and eventually end the import of pipeline natural gas from Russia. Trading patterns are changing as sellers respond to the need for more LNG in Europe by diverting cargoes from other markets. Prices for spot LNG supply in Europe and Asia have risen to unprecedented levels, putting pressure on buyers in price sensitive markets and delaying the start of imports into new markets. Developers of new liquefaction capacity are responding to the increasing demand with Final Investment Decisions (FIDs) taken on 38 mtpa of capacity in 2021 and 13.33 mtpa in the first five months of 2022. Capacity under construction in June 2022 was 138 mtpa but more is needed if forecasts of LNG demand growth is to be met. Buyers who delayed decisions on signing new supply contracts because of demand uncertainty are returning to the market, which has put the developers of planned new projects, especially in the USA, in a position to commit to construction. As a result, more FIDs are expected to be taken by the end of 2023.
Energy transition has brought increased demands for the LNG business to reduce greenhouse gas emissions in all parts of the LNG chain from natural gas production through to the combustion of regasified LNG in downstream markets. It raises questions over LNG role in long-term energy supply. Will demand increase as natural gas replaces coal in power generation and is used as a back-up fuel for renewables or will natural gas be seen as a fossil fuel whose consumption has to be reduced if targets of net zero carbon emissions are to be met? How are producers, buyers and investors responding to the increased long-term uncertainty?
The online course will, over 6 sessions, provide an overview of the LNG business in 2023 with a commercial focus 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: 27 March 2023, 12pm – 3pm GMT
LNG Value Chain in 2023
- What is the Role of Natural Gas in Global Energy Markets
- Why LNG?
- The LNG Chain
Session 2: 28 March 2023, 12pm – 3pm GMT
Safety, Shipping and Current Status of the LNG Business
- LNG Safety
- LNG in 2023
- LNG and Energy Transition
Session 3: 29 March 2023, 12pm – 3pm 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: 3 April 2023, 12pm – 3pm GMT
LNG Shipping and LNG Supply
- LNG Shipping
- LNG Supply
- Floating Liquefaction (FLNG)
Session 5: 4 April 2023, 12pm – 3pm GMT
Acquiring LNG Supply and LNG Pricing
- Options for Acquiring LNG Supply
- LNG Pricing
- LNG Contracts
Session 6: 5 April 2023, 12pm – 3pm 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
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