Lng 101 - The Foundations Of Liquefied Natural Gas

Insights into LNG, the Oil & Gas Industry's fastest growing sector. Reviewing LNG Technology, Markets and Trading.

What you'll learn

Understanding LNG's key properties and components of the LNG value chain

Gaining insights into LNG plant processes

Outlining key elements of construction and contracting strategies for LNG projects

Understanding core aspects of LNG vessel classifications and shipping costs

Evaluating LNG pricing formulas and their economic implications

Understanding dimensions of LNG value chain risk and risk management approaches

Requirements

The course starts with the Basics, and quickly ramps from there.

Basic understanding of hydrocarbons and project management helpful, but not required.

Basic understanding of commodity pricing and trading helpful, but not required.

Description

LNG is the fastest-growing segment of the global oil & gas industry. It has recently moved from niche topic to being front-page news. Like all large energy sources, Liquefied Natural Gas is not without controversy. But no one can deny the impact of LNG on energy security, affordability and sustainability, whether assessed as good or bad.This course provides you with the broad introduction needed to build solid foundational knowledge on Liquefied Natural Gas (LNG).It delivers insights into four critical questions:What is LNG, and what are the key components of the LNG value chain?How does an LNG plant work, and what are the key choices regarding technology, construction, and contracting strategy for a new project?What defines LNG market dynamics - who are the main suppliers and customers, and how is LNG priced and traded?What drives LNG economics, and how are key risks managed?With the knowledge gained from this course, you will be well positioned to make better sense of LNG developments and to move into more advanced topics.Thus whether you work in industry or academia, whether you are an investor or a journalist, or a graduate about to enter the job market - if you are looking for a broad yet efficient introduction into Liquefied Natural Gas, this course is for you.

Overview

Section 1: Introduction & The Basics of LNG

Lecture 1 Introduction

Lecture 2 Curriculum

Lecture 3 Definitions - Natural Gas, LNG, NGL, LPG, Condensate

Lecture 4 Key Properties of LNG

Lecture 5 LNG Value Chain - key components

Lecture 6 Impressions of an LNG plant

Section 2: The LNG Plant - Operations & Construction

Lecture 7 LNG Plant process overview - Block Diagram

Lecture 8 The Main Cryogenic Heat Exchanger - the core liquefaction module

Lecture 9 Key Technology & Sizing Decisions

Lecture 10 Construction Strategy

Lecture 11 Contracting Strategy

Lecture 12 Contract Modes - EPC, EPCM, PMC

Lecture 13 Contracting Quilt - examples

Section 3: Shipping

Lecture 14 LNG Vessel classifications

Lecture 15 Shipping costs

Section 4: The LNG Market

Lecture 16 LNG in the global energy commodity context

Lecture 17 Major LNG Suppliers

Lecture 18 Case Study: Qatar

Lecture 19 Case Study: Australia

Lecture 20 Case Study: USA

Lecture 21 Major LNG Importers

Section 5: Economics, Pricing & Risk Management

Lecture 22 LNG Economics concepts

Lecture 23 LNG Pricing & Trading

Lecture 24 LNG Price History

Lecture 25 Dimensions of Risk Management

Lecture 26 Spotlight on HSE

Lecture 27 Spotlight on Liabilities, Indemnities and Insurance

Section 6: Close-out & Recap

Lecture 28 Useful Information Sources

Lecture 29 Recap - Top 10 Takeaways

Lecture 30 Close-out and Thank you

Investors analyzing LNG opportunities.,Energy Executives seeking a broad overview of LNG value chain opportunities and challenges.,Project Practitioners who want to build strong foundational knowledge on LNG.,Graduates interested in joining the LNG industry.,Journalists requiring basic understanding for their reporting on LNG.