LNG Fundamentals

format: Virtual course

duration: 3 days

level: Intermediate

accreditation: CPD

participants: 10

availability:

14/04/2025 12:00 am

European Central Time

$1,799.00

This is a 3-day virtual course scheduled to run from 09:00 am to 05:30 pm CET (GMT+2) on all three days.

The price includes 1 person access for 3 days. Once the course is purchased, a confirmation email with all the course details will be sent (within 24 hrs). If there are no seats left, you will not be able to book the course.

The virtual face-to-face class is highly interactive and discussion-based so a stable internet connection and a laptop or computer with a microphone and webcam are required.

The instructor will schedule a quick technical walkthrough before the course to check bandwidth and camera setup and to introduce Miro which will be used as canvas for exercises in groups and collaboration during the lectures. You will be able to select a convenient for you time of the technical walkthrough but please remember that the attendance of this short 15-min check up meeting is mandatory.

The “LNG Fundamentals” course is designed to provide an in-depth understanding of the key properties of liquefied natural gas (LNG) and the various components of the LNG value chain. Participants will explore the essential building blocks of LNG plants and their functions, alongside critical aspects of LNG shipping and associated costs.

The course will examine major trends in the LNG market, evaluating how macroeconomic factors and emerging gas sources are shaping the landscape of the LNG industry. Additionally, participants will gain current insights into global markets and pricing, evaluate future prospects and challenges, and analyze the contractual frameworks that dictate industry operations.

Begin your journey with an exploration of LNG geopolitics, gaining valuable insights into how global dynamics influence supply, demand, and overall energy security.

With a strong emphasis on sustainability and the climate implications of LNG, this course equips you to effectively navigate both the current challenges and future opportunities within the LNG sector. During the course you will delve into the complexities of LNG liquefaction, shipping, and regasification processes, while examining market trends and the economic factors driving LNG investments.

As the fastest-growing segment of the oil and gas industry, LNG has transitioned from a niche subject to a focal point in global energy discussions. While it brings with it certain controversies, the impact of LNG on energy security, affordability, and sustainability is undeniable.

DAY 1

1. Introduction

Overview of the course objectives and outcomes.
Presentation of the global significance of LNG in today’s energy market.
Discussion on the historical evolution of LNG technologies and industries.
Introduction to key terminology and concepts in the LNG industry.
Outline of the skills and knowledge participants will gain by the course completion.

2. Geopolitics of LNG

Analysis of major LNG-producing and consuming countries and their geopolitical influence.
Impact of international trade agreements and tariffs on LNG dynamics.
Strategic importance of LNG in energy security and global politics.
Discussion on the role of LNG in transitioning to low-carbon economies.
Examination of current geopolitical tensions affecting LNG trade routes.

3. Basics of LNG

Understanding the properties and composition of LNG.
Explanation of LNG production, including liquefaction processes.
Overview of the cryogenic technologies required for LNG storage and transport.
Differences between LNG and other gas forms, such as CNG and LPG.
Introduction to the environmental advantages and challenges of LNG.

4. LNG Value Chain

Detailed examination of each stage of the LNG value chain, from production to consumption.
Key players and stakeholders involved in the LNG supply chain.
Analysis of logistics and distribution networks for LNG.
Challenges and efficiencies in LNG transportation and storage.
Technological advancements used to optimize the LNG value chain.

5. LNG Plant

Components and operations of an LNG liquefaction plant.
Design considerations for efficient LNG production.
Maintenance and safety protocols for LNG plant operations.
Overview of environmental regulations affecting LNG plant operations.
Case studies of operational LNG plants around the world.

DAY 2

6. Natural Gas Transmission

Techniques for transporting natural gas, including pipelines and LNG carriers.
Key infrastructure and technology used in natural gas transmission.
Discussion on interconnection between natural gas transmission and LNG.
Examination of challenges in cross-border natural gas pipelines.
Role of compression stations in maintaining natural gas flow.

7. LNG Shipping

Overview of LNG carrier types and their specifications.
Discussion on shipping routes and logistical considerations for LNG transport.
Operational safety standards and risk management in LNG shipping.
Innovations in LNG carrier technology to enhance efficiency.
Environmental regulations governing LNG shipping operations.

8. Regasification and FSRU

Process and technology used in LNG regasification terminals.
Understanding Floating Storage and Regasification Units (FSRUs) and their role.
Economic considerations for deploying regasification infrastructure.
Step-by-step guide on regasification and FSRU operations.
Case studies of successful FSRU deployments worldwide.

9. LNG Market

Analysis of current trends and developments in the LNG market.
Key market drivers and challenges affecting LNG trade.
Examination of LNG pricing mechanisms and financial derivatives.
Identification of growth opportunities in emerging LNG markets.
Competitive landscape analysis among global LNG suppliers.

DAY 3

10. LNG Economics

Cost structure and economic model of LNG projects.
Return on investment analysis for LNG ventures.
Impact of global supply and demand on LNG pricing.
Evaluation of government subsidies and incentives for LNG.
Risk assessment and management strategies in LNG investments.

11. LNG H&S (Health & Safety)

Comprehensive review of health and safety standards in the LNG industry.
Risk management practices in LNG operations.
Safety training and emergency response procedures for LNG sites.
Analysis of historical safety incidents and lessons learned.
Best practices for fostering a safety culture within LNG operations.

12. LNG Sustainability

The role of LNG in reducing carbon emissions and supporting sustainability goals.
Life cycle analysis of LNG operations and environmental impact.
Innovations in improving LNG sustainability and reducing environmental footprint.
Policy implications for sustainable LNG development.
Strategies for integrating renewable energies with LNG infrastructure.

13. Q&A

Open session for participants to address questions related to course material.
Expert panel discussion on future trends in LNG.
Opportunities for networking and sharing insights with industry peers.
Evaluation of participant understanding and application of course concepts.
Feedback session to assess course effectiveness and identify areas for improvement.