LNG Supply & Pricing Virtual Training Course

Conducted Over Three Half-Day Sessions on 8-10 June 2021, 3:00pm To 6:30pm, SGT (20 mins Break included)

Location: Virtual

Venue: Virtual

Starts: 09 Nov 2021

Ends: 11 Nov 2021

Type: Course

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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.

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Course Objective

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.

Course Methodology

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.

Course Director

Course Outline

+ DAY 1: Session 1

LNG in 2021

  • What is LNG? Why LNG?
  • The LNG Chain (natural gas production, liquefaction, shipping, regasification)
  • The LNG industry in 2021
    • Exporters and importers
    • LNG supply and demand 1964 to 2020
    • LNG ships in operation and on order
  • The impact of Covid-19 on supply and demand
  • LNG prices in 2020 and the first quarter of 2021

LNG and Energy Transition

  • What will be the role of LNG in energy transition?
  • How much CO2 and methane is emitted by the LNG chain from wellhead to consumer?
  • How is the LNG industry reducing emissions?
  • Carbon-neutral LNG cargoes

LNG Supply

  • LNG projects in operation and under construction in 2021
  • Planned LNG projects
  • Final Investment Decisions (FIDs) on new liquefaction capacity in 2020
  • Which planned projects will take FID in 2021 and 2022?
  • Forecast LNG supply from projects in operation and under construction
  • How much output from new projects is needed to meet expected demand by 2030 and 2035?

Introduction of Exercise 1: Preferred Options for Securing LNG Supply

+ DAY 2: Session 2

Exercise 1

LNG Markets

  • Established markets in Asia – Japan, Korea and Taiwan
  • How much LNG will China need as it implements its policy of net-zero carbon by 2060?
  • The prospects for price-sensitive markets in S. Asia
  • S.E. Asia – how many of the planned LNG-to-power projects be implemented?
  • Europe – a market of last resort for uncommitted LNG cargoes but how much LNG will be needed to meet natural gas demand growth?
  • Middle East and North Africa (MENA) – will it be growth market for LNG?
  • Americas – how quickly will LNG import infrastructure be developed?
  • Africa – many countries plan to import LNG but how many will succeed?
  • LNG for transport – road vehicles and ship bunkering
  • Outlook for global LNG demand 2021 to 2035

LNG Pricing

  • Formula-based and market-based pricing
  • Oil indexation in Asia – does it have a future?
  • How will spot pricing evolve in Asia?
  • How competitive is US LNG?
  • Will we see more US cargo cancellations?
  • Market prices in Europe – TTF and NBP

+ DAY 3: Session 3

Exercise 2: Preferred Options for LNG Pricing

LNG Shipping

  • FOB vs DES
  • Owning or chartering LNG ships?
  • The cost of transporting LNG
  • LNG ships in operation and on order
  • FSRUs and FLNG

LNG Spot and Short-term Trading

  • What is spot and short-term LNG trading?
  • The share of spot and short-term LNG in total LNG supply in 2020
  • What is needed for LNG spot and short-term trading?
  • Which companies trade LNG on a spot and short-term basis?
  • The outlook for spot and short-term trading

The Outlook for LNG

  • LNG supply and demand 2021 to 2025 – will supply from projects in operation and under construction meet expected demand?
  • LNG supply and demand 2025 to 2035 – which new projects will be developed to meet demand?
  • Will market pricing replace oil-indexation?
  • Will there be a role of long-term contracts?
  • Which new markets will emerge?

Key Topics to be Covered

  • LNG in 2021
  • LNG and Energy Transition
  • LNG Supply
  • LNG Markets
  • LNG Pricing
  • LNG Spot and Short-term Pricing
  • 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 ]

 

Who Should Attend

  • Gas Marketing Executives
  • Commercial Advisors
  • Business Analysts/Strategic Planners
  • Facilities Planning & Process Engineers
  • Project/Chartering/Marketing Managers
  • EPC Contractors
  • Regulators & Government Officials
  • Attorneys/Legal Counsel in the Gas & Power Industries
  • Directors
  • Business Development Managers
  • Contract Implementation & Spot Traders
  • LNG Shipping Executives
  • Accountants & Financial Consultants in the Gas/Power Industries
  • Project Financiers
  • Oil/Fuel & Pipeline Gas Traders
  • LNG & Project Advisory Consultants
  • Representatives from ship-owners and ship-builders
  • Economists & Policy Makers and many others doing business and looking to do work in this industry

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Contact Us

+65 6338 0064
lngsp@ccacademy.co

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