Global energy business is constantly shifting. Energy prices hike and dive, they send shock waves across the industry and affect businesses and projects. The Liquefied Natural Gas (LNG) business is a technological response to such dynamics. Here, to make good project decisions, we need to first understand the fundamentals of the business and the markets. Adam Smith once described the market as where “individual ambition serves the common good”.
This PetroKnowledge training course introduces the audience to the fundamentals of value creation in the LNG business. It highlights the role of technology as the driving force and discusses the insights from the business domain. Using concepts from economics of LNG business and dynamics of the energy markets, we build models that supports prudent business decisions. Our focus would be on key insights that support major decisions in LNG business.
This training course will highlight:
To succeed in the LNG industry is to create value. The ventures are capital-intensive and have uncertain outcomes. While there are technical complexities, the energy commodity markets supply information about the industry trend and the overall activity of its participants. This leads to insights that support good business decisions. Good project decisions often lead to value creation.
At the end of this training course, you will learn to:
The material in this course will be useful to managers and decision makers in the LNG business. The course is also relevant to analysts, engineers, and consultants that support the process of decision making. Professionals interested in the practice of net-back pricing, uncertainty analysis, and risk management also find this course useful.
This training course is suitable to a wide range of professionals including:
The sessions include lectures, discussions, and guided real-world practice. The aim is to develop problem-solvers and effective decision makers rather than merely conveying information.
The main challenge in the LNG business is in prudent managerial decision making. The firms should be able use technical and business insights to find (and invest in) valuable ventures. This course trains individuals that
Gaining knowledge about the business fundamentals of LNG (and value creation in general) enhances one’s skills in decision making and further opens one’s perspectives. This is because these skills lead to enhancing the value of the person in an organization. The set of skills and knowledge that this course offers prepares individuals for a more effective role within the process of project appraisals and investment in the energy business. This course
While natural gas markets are regional, the LNG markets are global. We start by introducing the participants to the fundamentals of the oil and natural gas industry. We further discuss principles of value creation.
According to Adam Smith, markets are “an obvious and simple system of natural liberty”. Our decisions cannot ignore the core features of the LNG business.
Most project values are sensitive to price changes. We discuss the common uncertain features of the energy projects and then show analytics that supports this understanding.
We discuss tools that support business models. We further use the power of computers (MS Excel® and its add-ins) to support decisions.
In the final day of the course, we discuss the emerging trends and more analytical tools to implement the concepts.
We offer a variety of tailored training options, customized to meet your organisation's needs. Delivered anytime, anywhere, we make it easy to bring expert training directly to your team.
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