LNG Fundamentals - Examining Technical & Commercial Components

Key Learning Outcomes

• The technical procedures for turning natural gas into LNG, its regasification and safety considerations
• LNG plant and terminal design, storage and shipping considerations
• The unique characteristics of LNG that broaden yet constrain the commercial and technical links in the “gas chain”
• How to generate various options for LNG market development proposals
• Risk and risk mitigation strategies to aid decision making
• LNG sales agreements and tactics to more effectively negotiate contract terms
• Perspectives of the investor, the operator, the customer and government towards LNG projects
• Political and diplomatic implications of international trade in LNG, including recent trends

What Participants Liked & Learnt

"In depth experience and real examples. Good presentation"
SNR Business Analyst, BHP Billiton Petroleum

"Good overview of the industry, rules of thumb"
Project Engineer, Woodside

About the Course

This course contrasts the technical and commercial differences between LNG and natural gas to point out benefits and constraints that arise from the LNG option. Examination of the technical process of producing LNG, plant design considerations, global comparisons along with the design of regasification terminals are examined.

A description is given of the elements in the “gas chain” which apply to LNG and of drivers that would lead to optimisation of design and commercial operation, and the range and role of relevant parties to a successful LNG project are described.

Regulatory authorities are also concerned with LNG safety, which is covered in detail, along with ways and means by which a new entrant to a proposed LNG project may ensure an investment that meets expectations.

Actual case histories will be used frequently to demonstrate learning points. Case histories and exercises will deal with examples taken from the course leaders’ international and local experience.

An introduction to terminology and practical “rules of thumb” should further enhance the participant’s ability to immediately contribute to a successful gas project – and to ask the right questions to test and improve the viability of a proposed project.

Who Should Attend

LNG project development executives from both

• Technical (E&P, geoscience and engineering)
• Non-technical (commercial, finance and legal) backgrounds
• Those who have recently joined an LNG market development team with expertise in one area of gas development

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