LNG: Supply, Demand, Pricing and Trading (Online Course)
LNG: Supply, Demand, Pricing and Trading (Online Course)
2021 has been a year of recovery for LNG demand as governments of importing countries have relaxed some of the restrictions imposed in response to the Covid-19 pandemic and economic recovery has started. However, the growth in LNG supply has been curtailed by unscheduled maintenance at some of the world’s liquefaction plants and by shortfalls in feedgas supply at others. The result has been a tightening of the supply demand balance causing LNG and natural gas prices to surge reaching over $25/MMBtu in September 2021. It is a very different market to 2020, when demand fell because of the pandemic and supply increased as output built up from liquefaction trains commissioned in 2019 and the first half of 2020, which led to LNG and natural gas prices in Asia and Europe declining to $2/MMBtu in the middle of the year. At this level, prices were below the short-run marginal cost of US LNG exports and around 180 US cargoes were cancelled.
The Covid pandemic also led to delays in final investment decisions (FIDs) on new liquefaction capacity. In 2020, commitment was made to the just one project, Sempra LNG’s 3.25 mtpa Energia Costa Azul project in north-west Mexico. Qatar Petroleum’s commitment to its 33 mtpa North Field East project in February 2021 boosted the capacity of projects under construction to 133 mtpa but more will be needed if forecasts of LNG demand in the second half of the 2020s and in the 2030s are to be met.
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 the 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?
The online course will, over 6 sessions, provide an overview of the LNG business in 2022 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: 1 June 2022, 7am – 10am GMT
LNG Value Chain in 2021-2022
- What is the Role of Natural Gas in Global Energy Markets
- Why LNG?
- The LNG Chain
Session 2: 2 June 2022, 7am – 10am GMT
Safety, Shipping and Current Status of the LNG Business
- LNG Safety
- LNG in 2022
- LNG and Energy Transition
Session 3: 3 June 2022, 7am – 10am 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: 7 June 2022, 7am – 10am GMT
LNG Shipping and LNG Supply
- LNG Shipping
- LNG Supply
- Floating Liquefaction (FLNG)
Session 5: 8 June 2022, 7am – 10am GMT
Acquiring LNG Supply and LNG Pricing
- Options for Acquiring LNG Supply
- LNG Pricing
- LNG Contracts
Session 6: 9 June 2022, 7am – 10am 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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