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LNG Fundamentals

August 23-24, 2022 | Online :: Central Time

Sponsored by EUCI

Click Here to register $1195.00

If you are unable to attend at the scheduled date and time, we make recordings available to all registrants for three business days after the event

The U.S. is on its way to becoming the number one global Liquefied Natural Gas (LNG) exporter. U.S. LNG exports will play a vital role in reducing Europe’s dependence on Russian natural gas as the Russia-Ukrainian War continues. Climate change effect in Europe, Asia and Latin America are also bullish for U.S. LNG exports.

During this 1.5-day course, attendees will receive a comprehensive understanding of the LNG supply chain, types of infrastructure, costs, siting and safety regulations, and markets for LNG. We will also discuss how an LNG plant operates (import, storage, and vaporization) and types of vessels used to transport LNG. Attendees will have a better understanding of the relationship between U.S. shale gas and LNG, as well as the latter’s role as a fuel for the 21st century.

Attendees will also learn about inland and offshore LNG import and export terminals and LNG peak shaving plants used to mitigate temporary natural gas supply and price risks. LNG bunkering and greening LNG cargos will also be discussed. The course will address the roles played by the Department of Energy, FERC, PHMSA, and USCG in siting and safely operating U.S. LNG projects. Attendees will learn about LNG pricing mechanisms, sales purchase agreements, how LNG is priced for domestic use, and natural gas and LNG futures contracts used to hedge risk.

Energy, financial and commodity analysts, engineers, environmental consultants, regulators, agencies, and investors that are new to the LNG industry will have a firm foundation that they can apply quickly to their jobs.

Learning Outcomes

  • Review the role of Russia-Ukraine War and climate change on North America LNG Exports
  • Describe the basic LNG fundamentals
  • Discuss the traditional LNG supply chain
  • Evaluate LNG transportation
  • Assess LNG receiving terminals
  • Discuss the offshore LNG supply chain
  • Review LNG environmental aspects
  • Evaluate LNG project costs
  • Analyze LNG contracts and project development
  • Discuss LNG trade markets
  • Review examples and mechanisms of U.S. LNG exports
  • Discuss purchasing strategies of LNG for use in the U.S.

Agenda

TUESDAY, AUGUST 23, 2022

9:00 a.m. – 5:00 p.m. Central Time

LNG Fundamentals

  • LNG Characteristics
  • Units and Conversion Factors

Traditional LNG Supply Chain

  • LNG Production Plant
  • Feed Gas Conditioning
  • LNG Recovery
  • Liquefaction
  • Liquefaction Plant Types
  • LNG Train Size
  • LNG Loading

LNG Transportation

  • By Ship
  • By Truck
  • By Rail

LNG Receiving Terminals

  • Onshore LNG Terminals
  • Offshore LNG Terminals
  • LNG Storage
  • Vaporizers

Offshore LNG Supply Chain

  • Floating Production Storage Offloading (FPSO) and Floating LNG
  • Offshore LNG Regasification
  • Floating Storage & Regasification Units (FSRU)

LNG Environmental Aspects

  • Pros and Cons
  • Public Health and Climate Change
  • CO2 Emissions
  • FERC & USCG NEPA Environmental Reviews

WEDNESDAY, AUGUST 24, 2022

9:00 a.m. – 12:00 p.m. Central Time

LNG Project Costs

  • Cost Allocation of LNG Project
  • Liquefaction Plant Costs
  • Buyers and Sellers in the LNG Supply Chain

LNG Contracts and Project Development

  • Integrated LNG Supply Chain
  • Less Integrated LNG Supply Chains
  • Project Finance
  • Project Management
  • Pre-Front End Engineering and Design (FEED)
  • EPC Contracts

LNG Trade and Markets

  • Market Effects of Russia-Ukraine War and Climate Change
  • Global LNG Market Growth
  • LNG Import and Export Markets
  • Global LNG Mega Projects and Players
  • New Players and Players
  • Small LNG Exports to Caribbean

U.S. LNG Exports

  • What Exporters Need vs. What Buyers Want
  • Long Term Sales and Purchase Agreements
  • Key U.S. LNG Stakeholders
  • LNG Pricing Mechanisms
  • Examples of LNG Pricing Mechanisms

Purchasing LNG for Use in the U.S.

  • Key Suppliers
  • Typical Contracts
  • Pricing Mechanisms
  • Retail LNG Prices vs Other Fuels