An Intensive 5-day Training Course
The 10-day LNG Bunkering and LNG Pricing Program
INTRODUCTION
Natural gas currently accounts for 22% of aggregate global energy supply. LNG is the most energy efficient fossil fuel – it offers important energy saving benefits when it is used instead of oil or coal. It is also a source of hydrocarbons for petrochemical feedstock and a major source of elemental sulphur.
LNG’s popularity as an energy source is expected to grow substantially in the future because LNG can help achieve two important energy goals for the 21st century – providing the sustainable energy supplies and services needed for social and economic development and reducing adverse impacts on global climate and the environment in general.
The use of gaseous fuel in internal combustion engines and boilers on land has been common since the 1850s but it could not be readily applied to marine transport because of the space required to store the fuel on-board. The gas is inflammable and can form explosive mixtures with air, therefore the fuel system, fuel storage and the fuel gas containment onboard and in the engine room must be very carefully designed and operated.
This interactive, applications-driven LNG Bunkering and LNG Pricing training course will highlight the wide array of LNG business features from beginning to the end, including LNG resources, its purification processes, refrigeration, compression, transportation, market dynamics, pricing and its business economics. This course is designed to help professionals to expand their business knowledge and stay top of LNG business dynamics.
Participants on EuroMaTech’s LNG Bunkering and LNG Pricing training course will develop the following competencies:
- Gain better understanding of the dynamics of the entire LNG value chain
- Understand LNG production, storage, transportation and distribution
- Identify LNG Pricing Issues, Structures, for exports
- Distinguish various sales, marketing terms and conditions
- Develop their skills in LNG Bunkering
- Improve their technical, commercial, regulatory and safety issues in Bunkering
TRAINING OBJECTIVES
By the end of this EuroMaTech training course on LNG Bunkering and LNG Pricing, participants will be able to:
- Understand the salient points of LNG, production, transportation, pricing and its business economics.
- Improve their skills in LNG supply-demand, global production, and global market dynamics.
- Master the LNG Supply, Sales and Purchase agreements
- Learn the strategic initiatives; to mitigate risk; and to direct operational decision making
- Understand the importance of LNG as a Bunker fuel
- Distinguish the relative merits Onshore and Onboard storage of LNG Bunkering
- Learn about the importance of Vaporiser, Gas engines, Dual fuel systems in Bunkering
- Master Bunkering procedures
WHO SHOULD ATTEND?
EuroMaTech’s LNG Bunkering and LNG Pricing training course is suitable to a wide range of professionals but will greatly benefit:
- Business Development managers
- Corporate Planning professionals
- Geoscience & Engineering professionals
- Supply Planners & Scheduling professionals
- Government regulators
- Law professionals
- Tax & Finance advisors
- Auditing personnel
- Compliance officers
- Equity analyst and Bankers
- Joint Venture officers
- Negotiators and Contracting professionals
- Trading professionals
TRAINING METHODOLOGY
The LNG Bunkering and LNG Pricing training course will utilise a variety of proven management learning techniques to ensure maximum understanding, comprehension and retention of the business tools, techniques and best practices presented. The daily workshops will be highly interactive and participative. Participants will learn by active participation throughout the programme through the use of materials, case study exercises, quizzes, training videos and discussion of business cases issues in their organizations.
Short Videos
- Overview of Natural Gas industry
- Gas Exploration and Production Success Factors
- Global Transportation of LNG
- Floating-LNG-Concept-2014
- Floating LNG-Prelude-2016
- Major Pipeline Construction Planning, & Development
- Future Energy Trends
- Pricing & Market Data Reporting
- Major Risk Factors – BP Macondo Accident
Case Studies
- Natural gas estimation
- Calculating gas pipeline tariff
- Cost considerations for long distance onshore, offshore gas pipelines, and LNG Transportation
- Calculating Net Present Value (NPV), Maximum Exposure, Payback period, and the Internal Rate of Return
- LNG Project Finance Options
- LNG Project Management Considerations
- LNG Sales & Purchase Contracts
- LNG Price Disparity in Different Regions
- What Are Pricing Structures Key To Future Of LNG Exports?
- Oil Price-Linked LNG
- What is a Futures Contract?
- What is an Option? Where are these Options utilized?
- Price Risk Management Natural Gas Hedging by “locking” in the price in Futures Contract
- Price Risk Management through Options Contract to mitigate exposure to declining prices
Supplementary Data
- Major LNG Projects of the World
- Challenges and Opportunities in LNG business
- Glossary & Abbreviations in Oil & Gas Industry
TRAINING SUMMARY
This unique EuroMaTech training course on LNG Bunkering and LNG Pricing covers critical areas of operation of LNG Global business in today’s highly competitive and fastest growing fossil fuel business. Participants will master wide array of LNG business critical skills that will improve their technical competence and business acumen.
TRAINING OUTLINE
Day 1 - Setting the Introductory LNG Scene in Global Energy Industry
- Introduction to the LNG Industry
- Exploration, development and LNG production, shipping, importation
- Cost and value drivers; shareholder expectations
- The value chain: from wellhead to burner tip
- Players: governments, NOCs, IOCs, banks and insurers, etc.
- Natural Gas Value Chain
- Exploration and production
- Processing and Production
- Sales gas transmission
- Underground storage
- Distribution
- Sales gas and product specifications
- Global Production
- Where and who are the producers of LNG
- Projects currently under development
- Global Markets
- Where and who are the users of LNG
- Projects currently under development
- Gas Conditioning Processes
- Excess water removal
- Contaminants removal
- NGL separation
Day 2 - Essential Logistics of LNG
- Nitrogen Rejection Processes
- Cryogenic process
- Absorption process (using lean oil or solvent) Membrane separation
- Adsorption process (activated carbon) Storage System
- Storage tanks
- Vapour recovery system LACT unit
- Sampling
- Natural Gas Transportation
- Pipeline components
- Compressor stations
- Metering stations
- Valves
- Control stations
- Pipeline Operations
- Basics of gas pipeline
- Gas flow measurement
- Liquefied Natural Gas (LNG)
- Why LNG a growth industry
- Compression & Refrigeration
- Transportation of LNG
- Major LNG Exporting nations
- Major Importing nations
Day 3 - LNG Pricing Structures for Exports, Marketing and Project Risks
- LNG Sales, Marketing and Trade
- Price disparity in different regions
- LNG Benchmarks
- Major changes in LNG business
- LNG Pricing Structures and Price Dynamics
- Natural Gas Prices
- Regional Pricing Disparity
- Pricing Structures Key To Future Of LNG Exports
- Oil Linked LNG Pricing
- Business Sector
- Industry and market Structure
- Natural gas demand
- Natural gas supply
- Economics of the natural gas plants
- Global Markets
- Where and who are the users of LNG
- Projects currently under development
- Key Project Risk and Value Identification
- Understanding the fundamental commercial drivers for project success
- Identification of key project risks (from a commercial perspective) and mitigation strategies
- Reserves definitions and reserves certification
- Completion and cost overrun risks
- Cost linkages to oil and gas prices
- Maximizing Profitability of Gas Plant Assets
- The performance strategy— integrated gas plant
- The successful information strategy
- Operations strategy
Day 4 - LNG Project Financing and Project Management
- Gas Plant Project Management
- Project Management Overview
- Industry Perspective
- The Project Management Process
- Project Controls & Quality Controls
- Quality Assurance
- Commissioning and Start-up
- Dispute Prevention & Arbitration
- Disputes
- Arbitration and expert determination
- Commercial Structures
- Alternative Commercial Structures
- Complexity of integrating requirements
- FOB versus DES sales
- LNG Project Financing Essentials
- Financial structures in LNG
- Investment decision making
- The key value drivers in LNG financing
- Overview of LNG Financing Options
- Balance financing
- ECA and multilateral agency funding
- Capital markets
- Asset based financing
- Project financing and structured recourse financing
Day 5 - LNG Agreements, Regulations and Future Trends
- LNG Agreements
- Overview of the contractual Terminology
- Stakeholder analysis and drivers
- Upstream Agreements
- LNG Supply Purchase Agreements SPA
- EPC Contracts
- LNG Shipping arrangements/agreements
- LNG regasification Terminal Agreements
- Fiscal and legal regimes worldwide
- Production sharing arrangements
- Regulations
- The history of regulations
- The market under regulation
- The environmental impact
- The Future Trends in Natural Gas Trends
- Trends in LNG markets
- Latest changes and movements in LNG trading
- The impact of shale gas
- Hubs vs. oil for price setting
- Market shifts in importation and liquefaction
- Mid and small scale LNG
- Floating and niche LNG concepts
Day 6 - Using Gas as a Fuel
- The Basics
- Safety design aspects
- Other potential gases
- Gas engines
- Duel fuel engines
- Gas Fuel engine
- Gas-Diesel engine
- Boilers
- The problem areas
- Roll over
- Boiling liquid/expanding Vapour explosion (BLEVE)
- Sloshing
- Methane slip
- Rapid phase transition
- Other safety risks
Day 7 - Storage for Bunkering
- Onshore storage
- Liquid gas
- Membrane
- On-board storage
- Independent tanks
- Type A
- Type B
- Containerised Type C
- Bi-lobe Type C Tanks
- Compressed gas
- Shore storage
- Safe Zones
- Zone 0
- Zone 1
- Zone 2
- Pumped Supply
- Pressure differential supply shore handling
- Vapour return
- Liquefaction
- Local re-liquefaction
- Liquefaction Plant
Day 8 - On-board Fuel system
- Vaporiser
- Gas Compressor
- Gas Engine
- Duel fuel system
- Boilers
- Gas combustion units (GCU)
- Gas combustion units
- Re-liquefactions
- Secondary fuel supply
- Hazardous spaces
- Gas detection
- Gas extraction
- Double walled piping
- Emergency shut down ESD systems
- ESD engine protection
- LNG bunker barges
Day 9 - Bunkering Procedures
- Establishing safe zones
- Bunker transfer equipment
- Connection Shore and ship schematic
- Gassing up delivery side
- Cooling down delivery side
- Purging ship side and hose
- Reducing tank pressure
- Displacing LNG with methane at completion
- Displacing methane with nitrogen
- Line inverting
- Line purging
- Level monitoring
- Safety issues
- General arrangement of shore and ship LNG transfer schematic Gassing up delivery side
- Gassing up with methane and cooling down the shore line with LNG Cooling down delivery side
- Cooling down the shore pump with LNG by circulating LNG back to the shore tank Purging ship side and hose
Day 10 - The LNG Fleet and Commercial Considerations
- In service and On order
- Future developments
- EU initiatives
- Short sea shipping & domestic
- Deep sea
- Pricing
- LNG composition
- Invoicing and quantities
- Bunkering Delivery Receipt ( BDR)
- Innovative technologies
- Future trends in LNG
- Wrap-up of LNG business
- Wrap LNG Bunkering
CALL ME BACK
Do you wish for us to conduct this course at your premises?
Discover In-House Solutions
ACCREDITATION
EuroMaTech is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
Euromatech is a Knowledge & Human Development Authority (KHDA) approved training institute in Dubai, licensed and approved to deliver training courses in the UAE.
The KHDA is the regulatory authority in the UAE, that oversees administering, approving, supervising, and controlling the activities of various education providers in the UAE. We are proud of our commitment to ensuring quality training courses and status as a KHDA-approved training provider.
FAQ
Do you provide assistance with hotel accommodation?
Yes, we can assist you with the following:
- Corporate Discount: If available, we can extend our corporate discount for your stay at selected hotels.
- Hotel Suggestions: We can provide recommendations for nearby hotels based on your preferences and budget.
Feel free to explore online booking platforms for the most cost-effective options.
Do you offer customized training for organizations?
Yes, we provide tailored training solutions designed to meet the specific needs of your organization. Customized courses can be delivered either in-person or online, and you can select the dates and duration that best fit your schedule. For more details, please contact us at [email protected]
What types of training formats do you offer?
We provide two flexible training formats to suit your preferences:
- Classroom Training: Experience in-person learning with expert instructors. Engage in interactive discussions, hands-on activities, and benefit from face-to-face networking.
- Online Training: Join live online sessions from anywhere, offering flexibility for those with busy schedules or who prefer remote learning.
- In-House Training: We can bring our training directly to your organization, allowing for tailored sessions that address your specific needs and objectives.
Can you assist with visa arrangements?
Yes, we can help by issuing an official Letter of Invitation once you’ve confirmed your training registration, which can assist in your visa application process.
Who will be the senior consultant leading the training?
We are happy to share the profiles of our expert instructors. To learn more about their qualifications and experience, please contact us [email protected]
