LNG Fundamentals

About the Course

This LNG course contrasts the technical and commercial differences between LNG and natural gas to point out the benefits and constraints that arise from the LNG option. It will examine the technical process of producing LNG, plant design considerations, and global comparisons along with the design of regasification terminals.

A description is given of the elements in the ‘gas chain’ which apply to LNG and of drivers that would lead to optimisation of design and commercial operation, and the range and role of relevant parties to a successful LNG project. LNG safety training is included, along with ways and means by which a new entrant to a proposed LNG project may ensure an investment that meets expectations.

An introduction to terminology and practical ‘rules of thumb’ should further enhance the participant’s ability to immediately contribute to a successful gas project –and to ask the right questions to test and improve the viability of a proposed project.

Who Will Benefit

This is not a basic-level introductory course. It has a specific techno-commercial focus for technical and business oriented professionals who are either new to the LNG industry or experienced in one part but could benefit from a wider perspective.

• Technical (exploration and production, geoscience and engineering)
• Non-technical (commercial, finance, government, marketing and legal) backgrounds
• Those who have recently joined an LNG market development team with expertise in one area of gas development

Key Learning Objectives

• Understand the technical procedures for turning natural gas into LNG, its regasification and safety considerations
• Review LNG plant and terminal design, storage and shipping considerations
• Identify recent developments in FLNG technology
• Discover the unique characteristics of LNG that broaden yet constrain the commercial and technical links in the ‘gas chain’
• Generate various options for LNG market development proposals
• Discover risk and risk mitigation strategies to aid decision making
• Analyse LNG sales agreements and tactics to more effectively negotiate contract terms
• Discover perspectives of the investor, operator, customer, and government towards LNG projects
• Recognise the political and diplomatic implications of international trade in LNG, including recent trends

Course Information

Instructional Delivery Method: In-Person
Prerequisite & Advanced Preparation: Reading material will be sent prior to the course

Delivered by Michael Williams OAM

Michael is an energy professional with 40+ years of worldwide experience particularly in gas and LNG, most recently in Australia, China and Taiwan and. He has expertise in all technical and commercial phases of the gas and LNG business, and is acknowledged by industry experts, governments and government expert committees. He has proven abilities in technical design, project development, strategy and building and leading teams.

Delivered by Richard Harrison

Richard is a private consultant in the field of natural gas market development with 40 years in the business and is interested also in the integration of commercial and environmental opportunities offered by the use of natural gas. Richard has developed and currently facilitates an internationally recognised course on LNG and gas projects. He was formerly an occasional lecturer with the short course program of the University of New South Wales, School of Petroleum Engineering.

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