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An Intensive 5 Day Mini MBA Training Course

Mini MBA:
Understanding the Dynamics of the LNG Industry

Masterclass LNG Industry

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Course Dates, Venues and Fees

Code Date Venue Fee($)
OG199 04 - 08 Dec 2017 London - UK $5,500
OG199 13 - 17 Aug 2018 London - UK $5,500
OG199 03 - 07 Dec 2018 London - UK $5,500

Why Choose this Training Course?

LNG is natural gas (predominantly methane) that has been converted to liquid form for ease of storage or transport. It takes up about 1/600th the volume of natural gas in the gaseous state. It is odourless, colourless, toxic and non-corrosive.  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. Its popularity as an energy source is expected to grow substantially in the future because LNG can help achieve two important energy goals for the twenty-first 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 LNG processing and transportation in refrigerated compressed tanks are highly capital intensive and dynamic. To achieve maximum effectiveness, managers and professionals must continually expand their business knowledge and sharpen their skills.

This 5-day Masterclass LNG Industry training course will highlight the added value of Liquefied natural gas (LNG) business from Wellhead to the burner tip.

This training course will feature:

  • The fundamentals of LNG, production, transportation, pricing and its business economics
  • Global supply-demand, global production, global market dynamics
  • Analysis of technical, commercial, contractual business transactions
  • LNG Sales, Marketing and Trading
  • Understanding Upstream agreements
  • Understanding LNG Sales & Purchase Agreements
  • Understanding LNG Shipping arrangements
  • Understand LNG Project Financing and Project Management    
  • Technical and economic success factors in business to support strategic initiatives; to mitigate risk; and to direct operational decision making

Training Objectives click here

What are the Goals?

By the end of this training course, participants will be able to:

  • Gain better understanding of the dynamics of the entire LNG value chain
  • Understand LNG production, storage, transportation and distribution
  • Understand the LNG terminology
  • Distinguish various sales, marketing terms and conditions
  • Understand the various terms in LPG sales and purchase agreements
  • Learn economic evaluation benchmarks and determine return on investments

Target Audience click here

Who is this Training Course for?

This 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 Methods click here

How will this Training Course be Presented?

This PetroKnowledge 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 course through the use of programme materials, case study exercises, quizzes, training videos and discussion of business cases issues in their organizations.

Daily Agenda click here

Day One: Setting the Introductory LNG Scene in Energy Industry 

Competency Description: As a professional in the LNG industry, you need to gain fundamental technical skills to support business transactions and decision making

Key behaviours

  • Appreciate the growing importance of LNG as a cleaner energy source
  • Understand the scope and structure of LNG industry
  • Understand the processing of LNG

Topics to be covered

  • 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 Two: Essential Logistics of LNG

Competency Description: As a professional, you need to be cognizant of logistics of production, storage and transportation  

Key behaviours

  • Understand the purification of LNG
  • Understand the Storage of LNG
  • Understand pipeline operations
  • Appreciate the Liquefaction, Refrigeration and Re-gasification

Topics to be covered

  • 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 Three: LNG Sales, Marketing and Project Risks

Competency Description: As a manager you need to understand LNG industry and its market segments along with project risks.

Key behaviours

  • Appreciate the fundamental reasons price disparity in different regions
  • Understand LNG business sectors in different regions
  • Be fully aware of project risks and value addition.

Topics to be covered

  • LNG Sales, Marketing and Trade
    • Price disparity in different regions
    • LNG Benchmarks
    • Major changes in LNG business
  • 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

Day Four: LNG Project Financing and Project Management 

Competency Description: LNG projects are capital intensive, as a manager you need to demonstrate an ability to conduct project financing and project management

Key behaviours

  • Be able to formulate management questions on project process
  • Formulate contracts to avoid disputes in business and include proper arbitration clauses
  • Be aware of project financing options that are most suitable

Topics to be covered

  • 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 Five: LNG Agreements, Regulations and Future Trends

Competency Description: As a manager you need to prepare proper agreements and implement them successfully

Key behaviour

  • Understand LNG agreements and contracts that govern the business
  • Distinguish fiscal and legal regimes in different regions
  • Be able to identify regulations relating to Health, Safety and Environment
  • Be cognizant of latest changes in LNG Business and its future trends

Topics to be covered

  • 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
  • Wrap-up and Summary

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Home » Courses » LNG Process Operations » Mini MBA: Understanding the Dynamics of the LNG Industry
PetroKnowledge Training


Mini MBA:
Understanding the Dynamics of the LNG Industry

Masterclass LNG Industry


Code Date Venue Fees
OG199 04 - 08 Dec 2017 London - UK $5,500
OG199 13 - 17 Aug 2018 London - UK $5,500
OG199 03 - 07 Dec 2018 London - UK $5,500



Why Choose this Training Course?

LNG is natural gas (predominantly methane) that has been converted to liquid form for ease of storage or transport. It takes up about 1/600th the volume of natural gas in the gaseous state. It is odourless, colourless, toxic and non-corrosive.  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. Its popularity as an energy source is expected to grow substantially in the future because LNG can help achieve two important energy goals for the twenty-first 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 LNG processing and transportation in refrigerated compressed tanks are highly capital intensive and dynamic. To achieve maximum effectiveness, managers and professionals must continually expand their business knowledge and sharpen their skills.

This 5-day Masterclass LNG Industry training course will highlight the added value of Liquefied natural gas (LNG) business from Wellhead to the burner tip.

This training course will feature:


Training Objectives

What are the Goals?

By the end of this training course, participants will be able to:

Target Audience

Who is this Training Course for?

This training course is suitable to a wide range of professionals but will greatly benefit:

Training Methods

How will this Training Course be Presented?

This PetroKnowledge 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 course through the use of programme materials, case study exercises, quizzes, training videos and discussion of business cases issues in their organizations.

Daily Agenda

Day One: Setting the Introductory LNG Scene in Energy Industry 

Competency Description: As a professional in the LNG industry, you need to gain fundamental technical skills to support business transactions and decision making

Key behaviours

Topics to be covered

Day Two: Essential Logistics of LNG

Competency Description: As a professional, you need to be cognizant of logistics of production, storage and transportation  

Key behaviours

Topics to be covered

Day Three: LNG Sales, Marketing and Project Risks

Competency Description: As a manager you need to understand LNG industry and its market segments along with project risks.

Key behaviours

Topics to be covered

Day Four: LNG Project Financing and Project Management 

Competency Description: LNG projects are capital intensive, as a manager you need to demonstrate an ability to conduct project financing and project management

Key behaviours

Topics to be covered

Day Five: LNG Agreements, Regulations and Future Trends

Competency Description: As a manager you need to prepare proper agreements and implement them successfully

Key behaviour

Topics to be covered

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© 2017. Material published by Petroknowledge shown here is copyrighted.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.


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