Overview of the LNG Market

This programme offers an introduction into the fundamentals of the LNG business over 2 days. The course takes you through the various facets of the LNG industry from a big picture overview of commercial and regulatory mechanisms and developments in the international LNG markets to LNG trading and price risk management tools and techniques and considerations in SPA contracts.

Course Information

Price £1600.0 + VAT
Duration 2 days
Location Shanghai
Available Dates

Who Should Attend

This course is designed to benefit all those who are new to the industry and/or have an interest in the evolving international gas markets. Energy players, traders, gas and power producers and marketers, utilities, supply & distribution personnel, industrial companies, large energy consumers and government agencies will benefit from this course.

Booking Information

Tel: +44 (0) 20 7065 7706

Course Content

SESSION I

  • Liberalisation and Regulation in LNG Markets

- Supply chain

- Demand and Supply

- Price drivers

- Main trading Hubs

- Physical Flexibility Tools

- Storage

- Hub services

SESSION II

  • Introduction to LNG Markets

- LNG Value Chain

- Competition between markets

- LNG Supply; Atlantic Basin, Pacific Basin, Middle East and New producers

- LNG Import; Atlantic Basin, Pacific Basin

- LNG spot price; Netbacks

- Players in LNG market

- Market trends

SESSION III

  • Sales and Purchase Agreement

- Essentials & importance

- Key issues & clauses

- Firm vs. flexible supply

SESSION IV

  • LNG Terminals

- On-shore plant

- Off-shore & floating LNG developments

- Berthing & Mooring

- Ship scheduling issues

- Boil off gas

SESSION V

  • Regasification

- Vaporisation

- Gas send-out

SESSION VI

  • Transporting LNG

- Introduction to LNG shipping industry

- Type, size and fleet of LNG industry

- Economics of LNG ships

- Commercial and contractual issues of LNG ships

SESSION VII

  • LNG Sources

- Asian exporters

- Atlantic exporters

- Middle East exporters

- Future issues and timing

SESSION VIII

  • LNG Trades and Price Risk Management

- Commodity and capacity trading

- Short-term/Spot market

- Diversions, swaps and arbitrage

- Global gas pricing regime

- Principles of Gas and LNG pricing

- Developing Gas Price Indexation

- Pipeline Gas Price versus LNG price

- Spot versus long term LNG prices

SESSION IX

  • LNG price risk management

- Global LNG trade practices

- LNG derivatives

- Risk management

- Payment security structure

SESSION X

  • Dynamics of the LNG Markets

- LNG: going global from regional

- LNG markets in Asia Pacific region

- LNG suppliers: Pacific and Middle East

- LNG buyers: Asian and Pacific region

- Evolving spot and short term volumes

- Premium on LNG between Atlantic and Pacific markets

- Future of LNG supplies to Asian Markets

SESSION XI

  • Atlantic Europe

- Current importers

- New & planned importers

- Security of supply issues

CONCLUSION

- Closing Summary and Future Outlook