LNG Supply, Demand, Pricing & Trading
Other Events Information
LNG Supply, Demand, Pricing & Trading
Live Online Course over 6 sessions
Dates: 27 Mar – 5 April 2023
2022 is proving to be a year of change for the LNG business. LNG demand is growing as Covid restrictions are eased but reduced investment during the pandemic and delays in construction are slowing the addition of much needed new liquefaction capacity. The Ukraine crisis has added to the demand for LNG as Europe implements policies to reduce and eventually end the import of pipeline natural gas from Russia. Trading patterns are changing as sellers respond to the need for more LNG in Europe by diverting cargoes from other markets. Prices for spot LNG supply in Europe and Asia have risen to unprecedented levels, putting pressure on buyers in price sensitive markets and delaying the start of imports into new markets. Developers of new liquefaction capacity are responding to the increasing demand with Final Investment Decisions (FIDs) taken on 38 mtpa of capacity in 2021 and 13.33 mtpa in the first five months of 2022. Capacity under construction in June 2022 was 138 mtpa but more is needed if forecasts of LNG demand growth is to be met. Buyers who delayed decisions on signing new supply contracts because of demand uncertainty are returning to the market, which has put the developers of planned new projects, especially in the USA, in a position to commit to construction. As a result, more FIDs are expected to be taken by the end of 2023.
Energy transition has brought increased demands for the LNG business to reduce greenhouse gas emissions in all parts of the LNG chain from natural gas production through to the combustion of regasified LNG in downstream markets. It raises questions over LNG role in long-term energy supply. Will demand increase as natural gas replaces coal in power generation and is used as a back-up fuel for renewables or will natural gas be seen as a fossil fuel whose consumption has to be reduced if targets of net zero carbon emissions are to be met? How are producers, buyers and investors responding to the increased long-term uncertainty?
The online course will, over 6 sessions, provide an overview of the LNG business in 2023 with a commercial focus but technology and shipping will also be covered. It will consider the outlook for the business over the period to 2040 in terms of markets, sources of supply, pricing and trading and the response to energy transition. It is designed not only for newcomers to LNG but also those who want to refresh their knowledge or who have experience in one part of the business or one region and want to widen their knowledge.
- LNG value chain in 2023
- Safety, shipping and current status of the LNG business
- LNG markets and terminals
- LNG shipping and supply
- Acquiring LNG supply and LNG pricing
- LNG contracts and LNG spot and short-term trading
Benefits of Attending
- Understand LNG chain technologies, costs, economics and safety
- Appreciate how the LNG business is changing and the implications for those working in the business
- Gain insights into LNG pricing and how it is evolving
- Acquire in depth knowledge of world LNG markets and supply sources
- Assess the increasing role of spot and short-term trading
Live Online Course - How It Works
The structure of our virtual learning program is designed to keep the same levels of engagement and networking as our on-site public courses. Course content is delivered through our easy-to-use online learning platform and is supplemented by case studies and practical exercises.
Like our classroom-based public courses, you will have live interaction with our course facilitators and other participants. Our live online courses are led by our experienced instructors, who will provide you with easily digestible content, using knowledge learned from many years in the industry, during scheduled times. Delegates will receive copies of the course materials electronically.
To register/enquire, please contact:
E: media[at]infocusinternational.com | T: +65 6325 0210 | W: www.infocusinternational.com/lng-online