The last two decades have been a period of strong growth and major change for the LNG business. Global trade has grown at an average rate of 6.6% pa, with the number of LNG importing countries increasing five-fold. LNG producers and sellers have had to respond to the requirements of both the established and the new buyers for more flexible contracts to meet increasingly uncertain demand in downstream power and natural gas markets. Short-term and spot trading now accounts for around one-third of overall activity compared with only 5% in 2000. Oil-indexed pricing has come under pressure as buyers look for prices that more closely respond to supply and demand in their downstream markets. The impact of the Covid-19 pandemic brought new challenges in 2020 and the pressure to reduce emissions across the LNG chain has increased as companies and countries focus on energy transition.
This virtual course, to be held over three sessions of 3.5 hours each, will focus on the demand, supply and pricing of LNG. There will be a short introduction to the LNG chain and the infrastructure in place (liquefaction, regasification, shipping) in 2021 before the focus moves to the outlook for the industry. The objective is to give participants an understanding of the LNG business as it is today and the prospects for its development over the period to 2035. There will be the opportunity to participate in exercises, including identifying the preferred sources of supply for a new buyer and considering the options for pricing in a long-term contract.
The course will be taught via a video conferencing platform, over 3 days of 3.5 hours each. The course instructor will adopt an interactive approach which will encourage active participation and delegate engagement.
LNG & Natural Gas Consultant, UK
Andy Flower has been consultant in LNG & Natural Gas since his retirement from BP in 2001. During his 23 years working on LNG in BP, Andy managed BP’s interests in projects in Nigeria, Abu Dhabi, Qatar and Australia. He also led a team responsible for evaluating potential new projects in PNG, Venezuela, Angola, Egypt, Indonesia and Iran. His expertise is in the commercial aspects of LNG including, marketing, project development, supply and demand, contracts, pricing, shipping and short-term trading. He has run LNG courses in Europe, Asia, the Middle East and the Americas. He is the author of many articles in journals and chapters in books on LNG and natural gas.
LNG in 2021
LNG and Energy Transition
Introduction of Exercise 1: Preferred Options for Securing LNG Supply
Exercise 2: Preferred Options for LNG Pricing
LNG Spot and Short-term Trading
The Outlook for LNG
[Plus – Hands-On and Interactive Exercises on Identifying Preferred Sources of Supply for A New Buyer and Options for Pricing in a Long-Term Contract ]
"Great course thank you so much. Impressive knowledge on all the LNG mechanism and industry. LNG pricing, trading and up to date knowledge of the project's status - great. Better understand trends leading to LNG as an energy source. Pricing of LNG very clear with all formulaes and scenarios."
"Thanks alot Andy. Very useful and thanks for the organizers. The experience of the presenter, his knowledge and background. It's easy to access and to interact. Lots of good material."
"Thanks Andy. It was nice learning session. Very detailed. Vast & Good knowledge sharing."
"Get to know people from the world with different business experience. High Expertise. To go deep into LNG Business and his experience."
"Many Thanks Andy for these 3 days!!! Much appreciated!!! Very good LNG general info update. Pricing in the different regions. New contacts for potential businesses. The knowledge and experience of course. However, I would like to highlight the pace and clarity in the way he spoke and explained the things to the audience. That shows respect and great appreciation for the audience considering that there are people from many different countries, no native speakers."
"I was interested in knowing the future demand of LNG sector and my objective achieved properly."
"It was a useful time to analyze the LNG market from various aspects. I highly recommend this workshop to people who are interested in Market Intelligence."
"It has been learned key points and numbers about the world's data in the field of LNG."
"Understood the forces of demand and supply in LNG global market. Had a better insight into oil indexing as a determinant factor of LNG price."
"The course is a fantastic opportunity for anyone to learn and get updated on the LNG market."
"I have participated in online as well as in-person training in oil and gas before. However, this training by Conference Connection has a unique feature considering the current pandemic as well as energy situations. The topic is timely and the presenter never deviates from the course materials prepared. Of course, when a participant asks different questions, a well explained answer and example were given. As my country is working to be on the LNG market as small-scale producer, I found the training very insightful in terms of the most updated figures and considerations."
"It gave me a more open view on the LNG history and current situation around the world."
"Learnt a lot about Natural Gas especially in pricing."
"Excellent webinar - useful information delivered in a clear and relaxed manner. I learned very much from the webinar, the speakers were very knowledgeable and good in explaining the upcoming changes in LNG."
"Gave a better understanding about spot markets."
"Everything was good for me, because I am an electrical engineer and I do not have that much information about LNG, Natural Gas. I learn a lot from this workshop."
"Well organized course, which covers all aspects of LNG industry. I will definitely recommend this course for everyone, who wants to have a better understanding on LNG."