LNG Supply, Demand & Pricing

Transcription

1 LNG Supply, Demand & Pricing This course is Designed, Developed, and will be Delivered under ISO Quality Standards Jul 2017 London, United Kingdom 09-JAN-17

2 LNG Supply, Demand & Pricing WHY CHOOSE THIS TRAINING COURSE? LNG is natural gas that has been converted to liquid form by cooling -160C for the ease of storage, transportation and distribution. Natural gas currently accounts for 22% of aggregate global energy supply. LNG is the most energy efficient fossil fuel it offers important energy saving benefits when it is used instead of oil or coal. It is also a source of hydrocarbons for petrochemical feedstock and a major source of elemental sulphur. Its popularity as an energy source is expected to grow substantially in the future because LNG can help achieve two important energy goals for the twenty-first century providing the sustainable energy supplies and services needed for social and economic development and reducing adverse impacts on global climate and the environment in general. This interactive, applications-driven 5-day LNG Supply, Demand & Pricing Industry training course will highlight the wide array of LNG business features from beginning to the end. This PetroKnowledge training course is designed to help managers and professionals to expand their business knowledge and stay top of LNG business dynamics. This training course will feature: The fundamentals of LNG, production, transportation, pricing and its business economics. Global supply-demand, global production, global market dynamics Analysis of technical, commercial, contractual business transactions Understanding LNG Supply, Sales and Purchase agreements Understanding LNG Regional Price Disparities, and Pricing Issuing LNG Pricing structures key to future of LNG exports LNG Sales, Marketing and Trading Technical and economic success factors in business to support strategic initiatives; to mitigate risk; and to direct operational decision making WHAT ARE THE GOALS? By the end of this training course, participants will be able to: Gain better understanding of the dynamics of the entire LNG value chain Understand LNG production, storage, transportation and distribution Understand the LNG Pricing Issues, Structures, for exports Distinguish various sales, marketing terms and conditions Understand the various terms in LPG sales and purchase agreements Learn economic evaluation benchmarks and determine return on investments WHO IS THIS TRAINING COURSE FOR? This training course is suitable to a wide range of professionals but will greatly benefit: Business Development managers Corporate Planning professionals Geoscience & Engineering professionals Supply Planners & Scheduling professionals Government regulators Law professionals Tax & Finance advisors Auditing personnel Compliance officers Equity analyst and Bankers Joint Venture officers Negotiators and Contracting professionals Trading professionals HOW WILL THIS TRAINING COURSE BE PRESENTED? This PetroKnowledge training course will utilise a variety of proven management learning techniques to ensure maximum understanding, comprehension and retention of the business tools, techniques and best practices presented. The daily workshops will be highly interactive and participative. Participants will learn by active participation throughout the programme through the use of programme materials, case study exercises, quizzes, training videos and discussion of business cases issues in their organizations.

3 Daily Topics DAY 1 Setting the Introductory LNG Scene in Energy Industry Competency Description: As a professional in the LNG industry, you need to gain fundamental technical skills to support business transactions and decision making Appreciate the growing importance of LNG as a cleaner energy source Understand the scope and structure of LNG industry Understand the processing of LNG Introduction to the LNG Industry Exploration, development and LNG production, shipping, importation Cost and value drivers; shareholder expectations The value chain: from wellhead to burner tip Players: governments, NOCs, IOCs, banks and insurers, etc. Natural Gas Value Chain Exploration and production Processing and Production Sales gas transmission Underground storage Distribution Sales gas and product specifications Global Production Where and who are the producers of LNG Projects currently under development Global Markets Where and who are the users of LNG Projects currently under development Gas Conditioning Processes Excess water removal Contaminants removal NGL separation DAY 2 Essential Logistics of LNG Competency Description: As a manager you need to be cognizant of logistics of production, storage and transportation Understand the purification of LNG Understand the Storage of LNG Understand pipeline operations Appreciate the Liquefaction, Refrigeration and Regasification Nitrogen Rejection Processes Cryogenic process Absorption process (using lean oil or solvent) Membrane separation Adsorption process (activated carbon) Storage System Storage tanks Vapour recovery system LACT unit Sampling Natural Gas Transportation Pipeline components Compressor stations Metering stations Valves Control stations Pipeline Operations Basics of gas pipeline Gas flow measurement Liquefied Natural Gas (LNG) Why LNG a growth industry Compression & Refrigeration Transportation of LNG Major LNG Exporting nations Major Importing nations

4 DAY 3 LNG Pricing Structures for Exports, Marketing and Project Risks Competency Description: As a manager you need to understand LNG Pricing Structures, Sensitivities along with project risks. Appreciate the fundamental reasons price disparity in different regions Understand LNG business sectors in different regions Be fully aware of project risks and value addition Maximize profitability of gas plants assets LNG Sales, Marketing and Trade Price disparity in different regions LNG Benchmarks Major changes in LNG business LNG Pricing Structures and Price Dynamics Natural Gas Prices Regional Pricing Disparity Pricing Structures Key To Future Of LNG Exports Oil Linked LNG Pricing Business Sector Industry and market Structure Natural gas demand Natural gas supply Economics of the natural gas plants Global Markets Where and who are the users of LNG Projects currently under development Key Project Risk and Value Identification Understanding the fundamental commercial drivers for project success Identification of key project risks (from a commercial perspective) and mitigation strategies Reserves definitions and reserves certification Completion and cost overrun risks Cost linkages to oil and gas prices Maximizing Profitability of Gas Plant Assets The performance strategy integrated gas plant The successful information strategy Operations strategy DAY 4 LNG Project Financing and Project Management Competency Description: LNG projects are capital intensive, as a manager you need to demonstrate an ability to conduct project financing and project management Be able to formulate management questions on project process Formulate contracts to avoid disputes in business and include proper arbitration clauses Be aware of project financing options that are most suitable Gas Plant Project Management Project Management Overview Industry Perspective The Project Management Process Project Controls & Quality Controls Quality Assurance Commissioning and Start-up Dispute Prevention & Arbitration Disputes Arbitration and expert determination Commercial Structures Alternative Commercial Structures Complexity of integrating requirements FOB versus DES sales LNG Project Financing Essentials Financial structures in LNG Investment decision making The key value drivers in LNG financing Overview of LNG Financing Options Balance financing ECA and multilateral agency funding Capital markets Asset based financing Project financing and structured recourse financing LNG SUPPLY, DEMAND & PRICING

5 Membership No.: DAY 5 LNG Agreements, Regulations and Future Trends Quality Certifi cations Competency Description: As a manager you need to prepare proper agreements, implement them successfully following the regulations Understand LNG agreements and contracts that govern the business Distinguish fiscal and legal regimes in different regions Be able to identify regulations relating to Health, Safety and Environment Be cognizant of latest changes in LNG Business and its future trends LNG Agreements Overview of the contractual Terminology Stakeholder analysis and drivers Upstream Agreements LNG Supply Purchase Agreements SPA EPC Contracts LNG Shipping arrangements/agreements LNG regasification Terminal Agreements Fiscal and legal regimes worldwide Production sharing arrangements Regulations The history of regulations The market under regulation The environmental impact The Future Trends in Natural Gas Trends Trends in LNG markets Latest changes and movements in LNG trading The impact of shale gas Hubs vs. oil for price setting Market shifts in importation and liquefaction Mid and small scale LNG Floating and niche LNG concepts Wrap-up and Summary APPROVED P R O V I D E R Member of Clear Concepts. Clean Environment. The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc. LNG SUPPLY, DEMAND & PRICING

6 LNG Supply, Demand & Pricing Please use BLOCK CAPITALS to fill in this form. It is important that you read carefully through all information before starting to complete the form. REGISTRATION DETAILS Family Name First Name (Mr./Ms.) Position Company Mailing Address... Telephone Fax AUTHORISATION Mobile Authorised by Position Mailing Address... Telephone Fax Mobile COURSE SCHEDULE Jul 2017 London, United Kingdom REGISTRATION FEES US$ $5,500/ - per participant This fee is inclusive of Documentation, Lunch and Refreshments MODE OF PAYMENT q q q Please invoice my company Please invoice me Cheque payable to PetroKnowledge Limited WAYS TO REGISTER T: F: E: info@petroknowledge.com W: HOTEL ACCOMMODATION Hotel accommodation is not included in the Registration Fee. A reduced corporate rate and a limited number of rooms are available for attendees wishing to stay at the hotel venue. Please make your request for accommodation at least 3 weeks prior to the commencement of the course. CERTIFICATION A Certificate of Completion will only be awarded to those delegates who attend the entire course Training & Development Services for the Oil & Gas Industry PetroKnowledge Limited P. O. Box Abu Dhabi, U.A.E. CANCELLATIONS & SUBSTITUTIONS You must notify the Registrar of cancellations at least 2 weeks before a scheduled seminar in order to be eligible for a credit. If you cannot attend, you may send a replacement from your organisation at no charge. There is a $250 handling charge for all cancellations or rescheduling. We reserve the right to cancel a seminar due to low enrolment. All registrants will be notified in advance and a full refund will be provided upon request. DISCLAIMER Circumstances beyond the control of PetroKnowledge may necessitate postponement, change of venue or substitution of the Instructor. As such, PetroKnowledge reserves the right to implement such amendments.