The course is designed for those looking to gain a better understanding of the fundamentals of the LNG industry.
The past two decades have been characterised above all by the development and diversification of gas markets worldwide. LNG has become an increasingly important supply source in meeting the world’s energy needs.Natural gas is a major source of energy, but many towns and cities that need the energy are located far from the gas fields. LNG is a clear, colourless, non-toxic liquid that can be transported and stored more easily than natural gas because it occupies up to 600 times less space. When LNG reaches its destination, it is returned to a gas at regasification facilities. It is then piped to homes, businesses and industries.Transporting gas by pipeline can be costly and impractical.
In 2011 total trade has increased nearly five times from the 1990 level, to just over 240 million tonnes. There are 18 exporting countries and 25 importing countries spread worldwide, with many more aspiring to enter the market. The LNG trade is now truly global. Cargoes routinely move between the Atlantic and Pacific regions. The proportion of trade contracted on a short-term basis has risen from around 4% in 1990, to 18% today. Multiple buyers in different regions often compete for the same supply, while multiple sellers in different regions often compete for the same buyer. LNG has been instrumental in driving the globalisation of the international gas trade. Diversification of trade, cost reductions, linkage of the US gas market to the global LNG trade and emergence of India and China are the key changes in the industry.
• Commercial and/or financial managers
• Project developers
• Gas producers and buyers
• Engineers, Consultants
• Legal advisors
- Overview of the LNG Industry
- Major Drivers of LNG Market
- LNG Shipping Industry
- LNG Regasification Facilities
- Role of LNG in World Enery Market
- LNG Demand and Forecasting
- LNG Pricing Concepts