Gas and LNG > LNG Production Business Economics - Virtual Instructor Led Training (VILT)

About this Virtual Instructor Led Training (VILT)

Liquefied Natural Gas (LNG) has provided intercontinental mobility to natural gas, which now provides about 25% of the global primary energy. Being the cleanest fossil fuel, natural gas consumption is rapidly increasing.

Liquefaction projects require massive investment, often shared by several partners. Long-term viability and security of such investments were assured by early conclusion of long-term gas supply agreements (GSA), oil indexed sales and purchase (SPA) and shipping arrangements. Often the main investors were IOCs and NOCs who remained as the Gas Supply and Product Lifting partners, achieving a tightly controlled integrated business structure. Under this model, production operations focused on fulfilling long-term delivery commitments.

This situation is now rapidly changing, as short-term and spot LNG markets are developing as a result of significant supply becoming available, particularly from the United States under a different commercial structure, as well as with the increasing number of producers/importers and traders.

With the LNG market becoming more liquid, at the production and delivery level there needs to be a different and higher level of optimisation activity to maximise production, reduce costs and exploit every opportunity in the integrated supply chain (from “buy gas” to “deliver product” chain) by adjusting operating parameters, to remain competitive. This requires understanding and economic quantification of the steps in the value chain and a seamless coordination between the commercial-production and shipping arms of the LNG companies.

This intermediate level Virtual Instructor Led Training (VILT) course, after presenting an overview of large-scale LNG Business, will give you cutting-edge practical knowledge needed for the economic optimisation of LNG value chain operations in today’s complex LNG market. Real life examples and case studies will help to illustrate the main concepts and possibilities.

Finally, organisational aspects, on how to set-up and sustain the right framework for optimising the value chain in the recommended manner, will be discussed.

After the completion of this intermediate level Virtual Instructor Led Training (VILT) course, participants will be able to:

  • Understand the importance of LNG as a hydrocarbon fuel in the world energy balance.
  • Learn how an LNG project is set-up and its economics and success factors.
  • Appreciate how the entire LNG Value Chain operates and its economics.
  • Develop yield/expense statement for an LNG production plant.
  • Explore how to optimise the value chain under selected conditions.
  • Discuss the business structures required to improve performance and minimise risks.

LNG executives are drawn from both technical (project, shipping and production operational) and non-technical (commercial, finance, legal and governance) backgrounds.

Participants with expertise in one area of the value chain will benefit from the course by obtaining good grounding in all other relevant areas.

This Virtual Instructor Led Training (VILT) course is pitched at an intermediate level, although those with a basic knowledge will be able to understand most of the concepts.

This VILT course is most relevant for the following professionals engaged in the LNG industry:

  • International Oil & Gas majors
  • National Oil & Gas Companies
  • EPC Contractors
  • LNG Exporters / Importers / Traders
  • LNG Project Finance Institutions
  • Law firms
  • Investors
  • Government and Regulatory Agencies
  • Joint Venture Partner Representatives

The VILT course will use real life examples and exercises to complement the lecture material and stimulate discussion.

Your expert course leader is an Oil & Gas/LNG professional with more than 35 years of international experience, majority of which was gained at Shell International Joint Ventures engaged in Oil Refining, Supply / Trading, Gas Supply and LNG Businesses in the Netherlands, France, Thailand, Dominican Republic and Nigeria.

Since 2004, he has had several roles in the management of the LNG Value Chain including the Commercial Operational Management of Nigeria LNG (NLNG). He played an active role in the start-up and integration of LNG trains 4, 5 and 6 with NLNG becoming the 3rd largest LNG producer in the world in 2007. Commercial operations spanned 4 Gas Supply, 11 LNG Sales & Purchase Agreements, ad-hoc LPG and Condensate Sales and LNG Ship Chartering contracts. Under his supervision, more than 2,000 LNG cargoes were exported. He was part of the organizational transformation of the company from a Project-based set-up to a Production / Commercial based structure and implemented an “Integrated Planning and Scheduling Department”” in which he optimized the value chain (Buy-Gas – Liquify Gas to LNG – Sell – Ship LNG). Staff competence management was one of his focus areas during this period. He was also the NLNG representative on JV Technical, Commercial, Shipping Committees where he interfaced with Government & Regulatory authorities.

In 2014, he was appointed as Shell Shareholder representative to NLNG and became a Non-Executive Board member to NLNG companies, including Bonny Gas Transport (BGT) managing 24 LNG Ships. During this period, he was involved in the Economic and Technical steering of the Shipping Fleet and Liquefaction Plant Rejuvenation projects and a further capacity expansion of liquefaction plant which resulted in the achievement of NLNG train 7 project FID in 2019.

Since 2016, he has been active as an independent consultant. He co-authored 2 patents and more than 30 published papers/presentations. He holds a PhD from Delft University of Technology in the Netherlands and a MSc and BSc in Chemical Engineering from the University of Birmingham, UK.

To further optimise your learning experience from our courses, we also offer individualized “One to One” coaching support for 2 hours post training. We can help improve your competence in your chosen area of interest, based on your learning needs and available hours. This is a great opportunity to improve your capability and confidence in a particular area of expertise. It will be delivered over a secure video conference call by one of our senior trainers. They will work with you to create a tailor-made coaching program that will help you achieve your goals faster.
Request for further information about post training coaching support and fees applicable for this.