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20-03-2018 (Brisbane)
24-07-2018 (Perth)

P18GR23 LNG Fundamentals
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LNG Fundamentals

3-Day Training Course: THE Essential Techno-Commercial Introduction to LNG. As a newcomer to LNG, build your knowledge & confidence by examining the fundamental technical & economic factors behind the development of natural gas reserves through an integrated LNG project.

Brisbane | 20-22 March 2018
Perth | 24-26 July 2018

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SUPER EARLY BIRD RATE $4,295 + GST (SAVE $300) // PLEASE SEE PRICING FOR MORE DETAILS

overview

Key Learning Objectives

  • Understand the technical procedures for turning natural gas into LNG, its regasification and safety considerations
  • Review LNG plant and terminal design, storage and shipping considerations
  • Identify recent developments in FLNG technology
  • Discover the unique characteristics of LNG that broaden yet constrain the commercial and technical links in the ‘gas chain’
  • Generate various options for LNG market development proposals
  • Discover risk and risk mitigation strategies to aid decision making
  • Analyse LNG sales agreements and tactics to more effectively negotiate contract terms
  • Discover perspectives of the investor, the operator, the customer and government towards LNG projects
  • Recognise political and diplomatic implications of international trade in LNG, including recent trends

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. It will examine the technical process of producing LNG, plant design considerations, global comparisons along with the design of regasification terminals.

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. LNG safety 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.

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.

New initiatives in floating LNG technology, both liquefaction and regasification, will be examined. Floating regasification projects are contrasted with land-based projects. Actual case histories will be used frequently to demonstrate learning points.

Who Will Benefit

This course is not a basic level introductory course. It has a specific techno-commercial focus for technical and business oriented professionals who are either new to the LNG industry or experienced in one part but could benefit from a wider perspective.

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

pricing

Packages Price
3 Day Training 2018$4595$4495+GSTEarly BirdEarly Bird
  • Special rate $3,596 (per person) when you book for four or more participants, please call us today on 02 9080 4307 or email info@informa.com.au to take advantage of this offer.

 

Location, dates & pricing

Brisbane // 20-22 March 2018
Super Early Bird rate: $4,295 (Save $300 + GST). Use code P18GR23BR. Expires by 9 February 2018.
Early Bird rate: $4,495. Expires by 2 March 2018.
Standard rate: $4,595

Perth // 24-26 July 2018
Super Early Bird rate: $4,295 (Save $300 + GST). Use code P18GR23PE. Expires by 15 June 2018.
Early Bird rate: $4,495. Expires by 6 July 2018.
Standard rate: $4,595

Testimonials

“Articulate and experienced with a nice splash of anecdotes. They grabbed my attention for 3 days, which isn’t easy!”
Operations Supt, Woodside Energy

“Clearly highly knowledgeable about the global industry and use of real project examples good.”
HR Manager, Woodside WA

“Their depth of knowledge and approachable nature. I enjoyed about their global LNG experiences and I learned a lot from them. Thank you.”
CSOC Advisor, Chevron

“Tremendous experience. Instructors are superbly knowledgeable and have a wonderful engaging presentation style. I’d recommend this to any Chevron employees.”
Gorgon Exploration Team Lead, Chevron

trainer

Richard Harrison

Michael Williams OAM

Course Outline

Introduction and overview

Objectives of this course is to provide the newcomer to a LNG project development team with insight into the fundamental principles governing the successful development and operation of an LNG project.

Technical characteristics of natural gas and LNG

An introduction to the unique physical characteristics of NG and LNG is presented so that technical and commercial opportunities and constraints may be understood and contrasted with other liquid and gaseous fuels.

Gas liquefaction

  • Capital costs and economies of scale, cost trends and benchmarks
  • Technology and typical processes, lead and construction times
  • Storage requirements
  • Typical EPC contracts, their operation and examples

LNG shipping

  • Capital costs and operating conditions of LNG carriers, benchmarks, typical designs, lead and construction times
  • Vessel size and constraints
  • FoB vs. DeS
  • Fleet management issues
  • Discussion of degree of technical and commercial flexibility in LNG delivery schedules and associated contractual terms
  • Examples of delivery arrangements are examined from buyer and seller perspectives

LNG terminals and end-users

  • Capital costs and benchmarks, typical designs, lead and construction times
  • Storage requirements
  • Upset conditions and responses
  • Capacity/storage optimisation
  • Special issues involving power generation

LNG safety

The cryogenic temperature of LNG and the generation of large quantities of gas on vaporisation require significant and different safety requirements for the safe handling, storage and use of LNG.
LNG will be compared with other fuels.

Market identification and development

  • The three levels of market identification, costs, compatibility of gases, and conversion to reticulated natural gas
  • History of LNG market development and their pricing mechanisms
  • Outline of LNG sales and purchase agreements; related contract terms and conditions and their evolution

International competition for LNG markets

  • Current intense competition for markets placed in a historical context
  • Analysing the effect on pricing formulae and contract terms
  • The short-term trade – ‘the spot market’ – regional pricing conventions and their robustness
  • Examining signs of price convergence
  • Analysing market share data and relative positions of LNG participants

LNG business development

  • Understanding key factors that generate a successful LNG market
  • Examples of the dynamic balance between supply and demand with reference to substitute and ‘swing’ fuels
  • Project ‘realities’ – including reputation issues and sponsors’ track record
  • Project governance
  • Drivers behind project participation and role of the state
  • Examples of successful and sub-optimal participation by small and larger new-entrants
  • Necessity for independent advice, and ways and means to keep up to date

An integrated LNG project – ‘rules of thumb’

  • Typical default parameters frequently encountered in a successful LNG project
  • International convergence in capital costs allows estimation of netbacks or margins at each element of the gas chain – local variations may call for explanation

LNG outlook and future trends

  • ‘The century of gas’ – the basis for expected future market expansions and extensions
  • Discussion of limiting factors and time constraints
  • Suggested pointers for early warning of likely and sustained market changes
  • Potential forces which impact on commoditisation and/or price convergence
  • Integration in US and Europe
  • Examining the effects of potential LNG trade to west coast US
  • Contrasting Australian gas development experience with other regional markets

Summary and review of course

  • Detailed review and Q&A
  • Check course coverage against objectives
  • Feedback requested and addressed

Further training
For those looking for an LNG basic awareness course we have a 1-day program available please visit the website for further information.

when & where

20 - 22 Mar 2018

Brisbane

24 - 26 Jul 2018

Perth

On-site & in-house training

Deliver this course how you want, where you want, when you want – and save up to 40%! 8+ employees seeking training on the same topic?

Talk to us about an on-site/in-house & customised solution.

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