LNG Liquefaction Projects A North America Focus

Transcription

1 LNG Training Courses LNG Liquefaction Projects A North America Focus January Houston

2 Sound understanding of the fundamental economics of North American LNG Exports About the Course A decade ago, the USA was expected to be the major market for LNG from stranded gas resources around the world. However, the growth in the available gas supply from shale and low costs of producing this gas have generated an entirely new paradigm in the LNG industry. A wave of new liquefaction capacity has been developed in the USA and is now starting to enter a well-supplied global LNG market. While many aspects of these new LNG projects are similar to the existing LNG projects around the world, these North American LNG projects also present new challenges, business models and opportunities. This course has been designed to provide both an introduction to the LNG industry in general and a very specific grounding in the new features of the North America LNG industry. Fuel for a Changing World: LNG a Non-Technical Guide Fuel for a Changing World: LNG a Non- Technical Guide is recognized as the official industry text book, written by Poten chairman, Michael Tusiani. The course will cover in depth these new features, such as: gas procurement from a liquid market rather than from a dedicated and stranded gas field; plant construction within a highly developed industrial infrastructure rather than a remote site; new business models, such as tolling; new technologies such as electric compressor drives; new marketing challenges from LNG not sold to end users on long term contracts; and new regulatory and political situations. Poten s Michael Tusiani, as well as being one of the pioneers of the industry, is also the principle author of the industry s standard textbook: Fuel for a Changing World: LNG a Non-Technical Guide; 2nd Edition. Alongside Poten s Gordon Shearer, Mr. Tusiani published this book to provide a complete guide to the industry, covering the commercial, trading and technical aspects. The course uses the book as its text book and will be provided as pre-reading and reference material. The Second Edition of the book has been extensively updated and covers the commercial realities of the LNG business in the latter half of the 2010 s. Poten s North America LNG Course will provide a sound foundation of knowledge on the LNG industry but has been specifically developed to give the course participants the tool kit needed to deal with today s LNG market realities of a large volume of LNG appearing from the USA. Who Should Attend Staff who are moving into a management role developing or covering a US LNG asset, including an LNG tolling contract or LNG SPA. Staff in other countries who need to understand the impact of North America LNG on the natural gas market in their country.

3 Gain real-world experience through well-tested instruction techniques Our mission. Poten s Captain Doug Brown shows staff the inner workings of an LNG ship. Our objectives in the course will be to both inspire the participants with the benefits of the LNG industry and provide a sound understanding of the fundamental economics of the industry. These economics are driven by the technology and the market. We will explain what you need to know about these to be effective in the industry. Building on these foundations, we can deal with how to implement projects and what may change how we do this. Real projects are implemented through an interlinked framework of contracts that define each party s roles, rewards, risks and responsibilities. We will provide an introduction to these. We will deal with the challenges of selling and managing a portfolio of North American LNG in the global marketplace. Course tutors are all practicing experts in their field - currently advising clients on billions of dollars of investments. The course will take place over three days and will combine presentations from practicing experts with case studies and workshops. A project negotiation game will be used to put the learning in context and allow participants to test their ideas.

4 Gain real-world experience through well-tested instruction techniques LNG Project Formulation Game In parallel with the sessions, course participants will be role playing the formulation of an LNG project. Participants will take the roles of the main project parties and will negotiate the key terms of the primary agreements governing an LNG project. Course tutors will be on hand to provide guidance. Exclusive Training Poten s LNG training has been developed and tested for the last ten years as our internal LNG Boot Camp. Poten s LNG Boot Camp has allowed Poten to expand our cadre of quality staff. This course was not in the past offered to outsiders but in response to numerous requests, we are now offering a course designed for the industry. Course content is constantly updated to the latest trends and practice. VENUE The North American LNG Course will take place in January, 2018 at the conference facilities of Poten s Houston office building San Felipe Plaza Houston, TX 77057

5 In-depth coursework delivered by unrivaled experts within the industry Course syllabus Introduction to LNG Why is there a market for LNG and what is LNG needed for? Key components of the LNG Value Chain and the overall mass and energy balance. Markets for projects and markets for LNG? Traditional LNG business models Global Gas and LNG Markets Origins of the LNG trade and today s pattern of trade. Regional gas markets how and why do they differ? What is special about the North American gas markets? Swaps, diversions and reloads LNG Value Chain in detail Upstream Stranded gas and key features of the different sources of gas rich and lean gases, conventional and unconventional gas. North American gas system pricing at market nodes [HH (Henry Hub) and basis differential], transport capacity costs and the business of buying and selling gas. Liquefaction Key features of the process LNG Shipping ship sizes, containment system technology and propulsion. LNG regasification Terminal size, regasification technologies, onshore vs offshore, base load and storage issues. Economics of LNG Capital costs and sunk costs. What drives capital cost differences? How will this vary across North America? Economies of scale vs market tranches and plant availability Gas procurement economics. Shipping economics Discussion of a simple spreadsheet model Contractual Structures Business structures classical integrated, merchant and tolling structures will be discussed and hybrids of these described. An introduction to the suite of contracts: Project Agreements, PSCs (Production Sharing Contract), GSAs (Gas Sales Agreement), Tolling Agreements, SPAs (LNG Sale and Purchase Agreement), EPC (Engineering Procurement and Construction) contracts, charters, TUAs (Terminal Use Agreement), Conditions of Use / Terminal Liability Agreements, and Loan Agreements. Financing and its requirements LNG trading what is needed to trade LNG? Business Environment Revocation risk Host government issues export licensing [FTA (Free Trade Area) and non-fta] Safety Environmental issues Community relations Legislation, standards, codes, guidelines Thoughts on the Future Impact of renewables on the market Growth of small scale LNG LNG as a transport fuel New technologies Course program Day Time 9:00 Welcome and Introduction to LNG LNG Value Chain in Detail 1. Contractual Structures 10:30 Break Break Break 11:00 LNG Fundamentals LNG Value Chain in Detail 2. Business Environment 12:30 Lunch Lunch Lunch 13:30 Global Gas and LNG Markets Economics of LNG Thoughts on Future 15:00 Break Break Break 15:30 LNG Game LNG Game LNG Game 17:00 18:00 Dinner with the Poten Team

6 Receive hands-on training from the largest group of LNG specialists in the industry The course will be given by practicing experts in the LNG industry using a mixture of presentations and case studies. A course certificate will be presented on completion. About the Course Leader Chris Rumley is a Senior LNG and Natural Gas Consultant at Poten & Partners Houston office. Chris has more than 10 years of experience in the fields of LNG, commodity forecasting and economic analysis. He is a Japanese speaker and has had a primary focus on commercial, market and project development aspects of the LNG and natural gas business in the Asia Pacific region. About the Course Staff In addition to Mr. Rumley, many of the sessions will be led by Poten s technical specialists, who, where client confidentiality permits, will provide real life examples from their day to day work. Poten s experts have designed LNG plants, developed LNG projects, marketed LNG and managed the shipping of LNG. Training led by active and renowned industry experts Mike Reimers North American Gas Expert Captain Doug Brown LNG Shipping Advisor Ilmars Kerbers LNG Technical Advisor Course fee: $3,195 A 10% discount will be applied for reservations made one month in advance of the training course start date as well as for 2 participants from the same company at any time. A 15% discount will be applied for more than 3 participants from the same company at any time prior to the training course start date. The fee includes refreshments, lunch and a special participants evening meal hosted by our tutors and our Houston based team. Reserve your place by contacting Abdullah Alazzaz 805 Third Avenue New York, NY aalazzaz@poten.com Sign up at link below: FINAL DAY TO REGISTER: JANUARY 5, 2018 Book now to secure your place!

7 THE COMPLETE SUITE OF POTEN S TRAINING OFFERINGS North America LNG Houston, January 24-26, 2018 The course will provide a grounding in the commercial / economic components of the LNG liquefaction business and the technical, market and marine aspects of this sector. The course will provide an introduction to LNG and a detailed look at the LNG value chain, the origins of LNG trade, the dynamics of LNG contracts and the current business environment. Spot and Short-term LNG Trading Singapore, May 25-26, 2017 The course will give attendees the conceptual and practical tools needed to understand, participate in and build an LNG trading business. It will also discuss the design and implementation of sound LNG trading strategies. The use of realistic case studies will bridge between the course material and specific job and business requirements. This will ensure the course has significant benefit to the participants and that the learning can be immediately applied. Second session date to be announced LNG FSRU Development Houston, June 12-14, 2017 The course will provide a foundational overview of the commercial and economic underpinnings of the LNG regasification business. It will also cover the associated technical, market and marine aspects of this sector. The course will have a strong focus on the development of floating regasification projects linked to power generation. Second session date to be announced LNG Charter Party Symposium Houston, Date to be announced This course will not only introduce the individual clauses that comprise the agreement, but more importantly will explore how those clauses are used and maximized in an everyday setting by the key stakeholders involved. This course will ultimately challenge its participants to think about the charter party not just in an academic sense but alongside the very issues affecting the market. Tools for Effective Participation in LNG Joint Ventures Perth, Aug 24-25, 2017 This targeted training course will enable those working in and with LNG joint ventures to move quickly down the learning curve. The course will help them to effectively engage with the venture operator and other venture partners. Individual skills and organizational capabilities needed to achieve world-class participation will be developed through this course. Participants will quickly gain the understanding Second session date to be announced and frameworks required for successful participation in upstream and liquefaction joint ventures. *Poten also offers these as in-house courses for clients, where they can be tailored to specific requirements. Contact details can be found on back cover.

8 Rev 2.1 For additional information or to sign up for this course, please contact: Abdullah Alazzaz Poten & Partners, Inc. 805 Third Avenue New York, NY United States of America NEW YORK Poten & Partners, Inc. 805 Third Avenue New York, NY United States of America HOUSTON Poten & Partners, Inc San Felipe, Suite 800 Houston, TX United States of America LONDON Poten & Partners (UK) Ltd 101 Wigmore Street London, W1U 1QU United Kingdom SINGAPORE Poten & Partners, Pte Ltd. 8 Shenton Way, #16-01 AXA Tower Singapore Singapore PERTH Poten & Partners (Australia) Pty Ltd. Suite 1.6,9 Havelock Street West Perth, WA 6005 Australia ATHENS Poten & Partners, (Hellas) Ltd. 5. Grypari Street, Gr -Neo Psychico Athens Greece GUANGZHOU Poten & Partners, Pte Ltd. Guangzhou Representative Office Room 1607, East Tower, Huapu Plaza No. 13 Huaming Road, Zhujiang Xincheng Guangzhou China