LNG: Commercial Structuring and Operations

Prepare commercially to create and operate LNG projects

Course Overview

In this course you will gain fundamental understanding of how LNG chains are put together and operate commercially from upstream gas production, through liquefaction, shipping to re-gasification and sales in the ultimate market.

How the different assets in the LNG chain are owned and the rights of participants and users are connected through agreements is crucial, both for creating a viable chain that can be financed and also for the allocation of risks and rewards.

Our LNG training course will help you identify the fundamental drivers and risks for the commercial structure of your project and the critical importance of addressing risks in contracts along the chain.

Once the agreements have been signed those challenged with preparing for commercial operations must create procedures and systems to implement those agreements. You will learn how to approach this challenge and understand the dynamics of operating contracts in the closely linked chain of LNG.

The highly interactive course has a strong focus on ‘learning by doing’, through up to date case studies and exercises that reinforce the insights provided in presentations. The course will enable those attending to:

  • Understand the commercial structures and agreements of LNG projects from upstream gas production to downstream LNG re-gasification.
  • Prepare for commercial operations by creating operating procedures with the experience of implementing the terms of an LNG Sales and Purchase Agreement (SPA).

Benefits of attending

  • Learn commercial drivers and risks that shape the structure of LNG chains.
  • Experience negotiating the key terms of the commercial structure of a liquefaction or re-gasification venture.
  • Understand how the operational clauses of an LNG SPA function to manage commercial risks.
  • Understand how contract and spot prices are developed and managed and how price reviews work.
  • Learn the detailed steps that take place when an LNG cargo is loaded and delivered to customer.
  • Learn the technique of translating commercial agreements to operating procedures.
  • Appreciate the wider aspects of organisation and systems to be addressed in preparing for operations.
  • Experience the challenge of managing LNG deliveries while implementing the terms of agreements.

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FAQs

About The CourseShowHide

Are meals provided?

Tea, coffee, refreshments and pastries will be available during the morning, mid-morning and mid-afternoon breaks. Lunches will also be provided at the venue throughout the duration of the course, please let us know as soon as possible if you have any particular dietary restrictions. Breakfasts and evening meals are not included, unless otherwise stated.

What language is the course delivered in?

All our courses are conducted in English and require a good level of business English.

Who are the course leaders?

Our course leaders combine their active roles consulting within the gas and LNG industry with their training activities.  They are globally active in advising major clients through Gas Strategies and bring exceptional experience and insight into industry.

What is included in the course fee?

Your fee includes a comprehensive set of documentation in both printed and electronic format. Lunch and refreshments are also provided throughout the duration of the course.

Hotel accommodation and travel costs are not included in the registration fee, however, where possible we negotiate preferential rates with the venue.

BookingShowHide

Do I need to book my own accommodation?

Yes – upon confirmation of your booking you will receive joining instructions that will provide details of local hotels and accommodation.

Do I need to make my own travel arrangements?

Yes – when we confirm your booking you will receive joining instructions that detail the nearest airport and how to get to the hotel.  We can advise on transport but delegates are responsible for their own travel arrangements.

Can you help arrange my visa?

We are pleased to assist with visa applications and can provide a Letter of Invitation once payment of the course has been received.

It is the responsibility of each delegate to ensure they meet visa requirements of the course location and that they allow enough time to obtain the required documentation.

What is the latest I can book?

Due to the popularity of our courses, they very often get fully booked many weeks in advance. We recommend you book as early as possible.

PaymentsShowHide

Do you accept credit card payments?

All payments must be paid through bank transfers. We do not accept Credit or Debit card payments.

How can I pay?

We accept payments by bank transfer. Upon registration you will be sent an invoice detailing the charges.

When do I have to pay by?

Full payment of the course fee must be received at least 10 working days prior to the start of the course. If the payment is not received prior to the course, the delegate may be refused entry.

CancellationShowHide

What happens if I need to cancel?

We recommend you nominate a colleague in your place to avoid any cancellation fees. We can accept name changes at any time prior to the course. Should you not nominate a replacement our cancellation fees are as follows:

  • If you cancel more than a month prior to the course we charge a 50% cancellation fee
  • If you cancel less than a month prior to the course we charge a 90% cancellation fee

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