Day One

• What is LNG? Why LNG? How to measure LNG, LNG vs. pipeline, LNG vs. GTL, CNG and the LNG chain
• LNG history and overview of the LNG industry today: The development of the LNG successes and its natural gas supply. Liquefaction plants and importers of LNG
• Liquefaction: Production trains, refrigeration, alternative technologies, storage, offshore liquefaction and Coal Bed methane
• LNG shipping – ship design and operations: Moss and membrane ships and LNG shipping costs
• Exercise: LNG shipping

Day Two

• Regasification: Storage, vaporisers and offshore regasification
• Developing an LNG project: Upstream / liquefaction plant interface and examples of project structures
• Developing LNG business models: Traditional model, the integrator model and the aggregator model

Day Three

• LNG markets in Asia: Established and new markets in Asia
• LNG pricing in Asia: Pricing methods, formula based prices, “S” - Curves. The buyers’ and sellers’ market
• LNG markets in Europe: European LNG markets
• LNG pricing in Europe: Formula based prices in Europe, linkage to oil products and market based prices in north-west Europe
• LNG contracts: Objectives, constraints and structures. Sales and purchase agreements
• Exercise: Memorandum of Understanding

Day Four

• LNG markets in the Americas: The need for LNG? The role of LNG in the Americas. Terminal capacities
• LNG pricing in the Americas: What is Henry Hub? How are LNG prices linked to Henry Hub prices? Prices in Mexico, Chile and the Caribbean
• LNG supply: Can supply meet the potential demand? The outlook for new supply after 2012
• Exercise: Buyers vs. Sellers
• LNG safety, security and the public perception: LNG risks, the effect of a large LNG spill and terrorist threats
• LNG financing: Financing an LNG project and financing regasification terminals
• LNG quality: Why is quality important? What determines quality?

Day Five

• New Frontiers in LNG: Small Scale, Floating LNG, Coal Bed Methane
• Short term trading: What is short term LNG trading? Why are large volumes of LNG rising from the Atlantic Basin to Asia? The outlook for short term trading