This course provides a comprehensive overview of the LNG value chain from upstream supply, liquefaction, shipping and regasification of LNG into downstream markets. The course is designed for new entrants to the LNG business or for those with some knowledge of the business wishing to broaden their understanding of the complete value chain. Those without prior knowledge of the LNG business may wish to familiarise themselves through the pre-study web based course.
After learning the fundamentals about LNG, the course covers the liquefaction process and LNG plants, shipping and regasification terminals with a focus on what happens along the value chain. This is followed by an understanding of the commercial issues affecting LNG projects, the players and the various drivers affecting the development of LNG projects. Key aspects such as project development, timescales and the range of Agreements and their integration will be covered. The course then moves on to the global LNG supply sources, markets and trading and the factors affecting the growth of the LNG business.
What Will You Learn?
- • What is involved in developing an LNG project • The LNG value chain and the investments required • The processes involved in gas treatment and liquefaction • The importance of gas quality and upstream supply issues • Impact of economies of scale • The specialised nature of LNG ships • How shipping fits in the value chain • How a regasification terminal operates • Who the key players are and their drivers • How an LNG project is developed • Commercial issues impacting LNG projects • The main Agreements in an LNG project and how they are structured • The economic value of an LNG project • A global view of LNG supplies by region • How LNG competes in the energy market • Where the key LNG markets are and their characteristics • How LNG trading works • The differences between trading oil and LNG • How LNG is priced and regional differences
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