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LNGFUNDAMENTALS

ORGANISEDBy

powerEDGE

InAllianceWithpetroEDGE

25th to 27th October, Concorde Hotel, Singapore

ExpertCourseFacultyLeader

MichaelWilliams&

RichardHarrison

MastertheEssentialCommercialandTechnicalForcesDrivingtheGlobalLNGValueChain

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LNGFUNDAMENTALS

25th to 27th October 2010, Singapore

LearnMoreAboutStrategicLearningSolutionsforPower&Utilities

[email protected]

www.poweredgeasia.com

AboutThisTrainingCourse

The21stcenturyhasbeencoinedthecenturyofgas.Thecoursewilladdressthe fundamentaltechnicalandeconomicfactors

thathavedrivenandwilldrivethesuccessfuldevelopmentofnaturalgasreservesbymeansofanintegratedliquefiednaturalgas(LNG)project.ThecurrentexponentialgrowthintheuseofnaturalgasthroughinternationaltradeinLNGisexplored.

CourseOverview

WhoShouldAttend

CourseLearningOutcomes

Oncompletion,participantsinthecoursewillbeableto

UnderstandthespecialcharacteristicsofLNGwhichbothbroadenandyetconstrainthecommercialandtechnical

linksinthegaschain

Generateoptionsformarketdevelopmentproposals

Understandrisksandtheirmitigation

NegotiatemoreeffectivelythetermsofLNGsalesagreements

Understandtheperspectivesoftheinvestor,theoperator,thecustomerandgovernmenttowardstheLNGproject

RecognisepoliticalanddiplomaticimplicationsofinternationaltradeinLNG

LNGprojectdevelopmentexecutivesaredrawnfrombothtechnical(E&Pgeoscienceand engineering)andnontechnical

(commercial,financeandlegal)backgrounds.ParticipantswhohaverecentlyjoinedanLNGmarketdevelopmentteam,

perhapswithexpertiseinoneareaofgasdevelopment,willbenefitfromthecoursebyobtainingagoodgroundingofall

otherareas.

ThecoursecontraststhetechnicalandcommercialdifferencesbetweenLNGandnaturalgas topointoutbenefitsand

constraintsthatarisefromtheLNGoption.Adescriptionisgivenoftheelementsinthegaschainwhichapplyto

LNGandofdriversthatwouldleadtooptimisationofdesignandcommercialoperation.Therangeandroleof

relevantpartiestoasuccessfulLNGprojectaredescribed.RegulatoryauthoritiesarealsoconcernedwithLNGsafety,

whichiscoveredindetail.WaysandmeansbywhichanewentranttoaproposedLNGprojectmayensurean

investmentthatmeetsexpectations.Actualcasehistorieswillbeusedfrequentlytodemonstratelearningpoints.

Casehistoriesandexerciseswilldealwithexamplestakenfrominternationalandlocalexperience.Anintroductionto

terminologyandpracticalrulesofthumbshouldfurtherenhancetheparticipantsabilitytoimmediatelycontribute

toasuccessfulgasprojectandtoasktherightquestionstotestandimprovetheviabilityofaproposedproject.

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CourseOutline

DAY1

9:00Session

1:

Introduction

of

Delegates

and

Course

Overview

Objectivesofthecourseareoutlined toprovidethe

newcomertoaLNGprojectdevelopmentteamwithan

insighttofundamentalprinciplesgoverningthe

successfuldevelopmentandoperationofanLNG

project.Usefulrulesofthumbwillbeofferedasa

meanstoassesstechnicalandcommercialranking.

Discussionismadeinthecontextofworldenergyuse.

11:00Session2:TechnicalCharacteristicsofNatural

GasandLNG

Anintroduction

to

the

unique

physical

characteristics

ofNGandLNGispresentedsothattechnicaland

commercialopportunitiesandconstraintsmaybe

understoodandcontrastedwithotherliquidand

gaseousfuels.TheLNGindustryalsocombinesmany

distinctengineeringandcommercialdisciplineseach

withestablishedmeasurementconventions.Anability

tounderstandthescaleandvalueoftheunits

employedandtoconvertbetweenthem

isanessentialbasicskill

1:30Session3:GasLiquefaction

Capitalcostsandeconomiesofscale,costtrendsand

benchmarks;technology

and

typical

processes,

lead

andconstructiontimes;storagerequirements;typical

EPCcontracts,theiroperationandexamples

3:30Session4:LNGShipping

CapitalcostsandoperatingconditionsofLNGcarriers,

benchmarks,typicaldesigns,leadandconstruction

times;vesselsizeandconstraints;FoBvs.DeS;fleet

managementissues.

Discussionofdegreeoftechnicalandcommercial

flexibilityinLNGdeliveryschedulesandassociated

contractualterms.Examplesofdeliveryarrangements

areexamined

from

Buyer

andSellerperspective

5:00EndofDayOne

MarketsharedataandrelativepositionsofLNGparticipa

willbeanalysed.

5:00EndofDayTwo

DAY2

9:00Session5:LNGTerminalsandEndusers

Capitalcostsandbenchmarks,typicaldesigns,leadand

constructiontimes;storagerequirements;upsetconditio

andresponses;capacity/storageoptimization;specialissu

involvingpowergeneration

11:00Session6:LNGSafety

ThecryogenictemperatureofLNGandthegenerationof

largequantitiesofgasonvaporizationrequiresignificant

differentsafetyrequirementsforthesafehandling,storag

anduseofLNG.

1:30Session

7:

Market

Identification

and

Development

Thethreelevelsofmarketidentification,costs,compatibi

ofgases,conversiontoreticulatednaturalgas.Historyof

marketdevelopmentandtheirpricingmechanisms.Outli

ofLNGsalesandpurchaseagreements;relatedcontract

termsandconditionsandtheirevolution

3:30Session8:InternationalCompetitionforLNGMarke

Currentintensecompetitionformarketsisplacedinhisto

context;effectonpricingformulaeandcontractterms;th

shorttermtradethespotmarket.Regionalpricing

conventionsandtheirrobustnesswillbediscussed;signs

priceconvergence

examined.

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CourseOutline

DAY3

9:00Session9:LNGBusinessDevelopmentKeyfactorswhichgenerateasuccessfulLNGmarket.

Examplesofdynamicbalancebetweensupplyand

demandwithreferencetosubstituteandswing

fuels.Projectrealitiesincludingreputationissues

andsponsorstrackrecord;projectgovernance;

driversbehindprojectparticipationandroleofthe

State;examplesofsuccessfulandsuboptimal

participationbysmallandlargernewentrants.

Necessityforindependentadvice,andwaysand

meanstokeepuptodate.

11:00Session

10:

An

Integrated

LNG

Project

RulesofThumb

Internationalconvergenceincapitalcostsallow

estimationofnetbacksormarginsateachelement

ofthegaschainlocalvariationsmaycallfor

explanation

1:30Session11:LNGoutlookandfuturetrends

Thecenturyofgasthebasisforexpectedfuture

marketexpansionsandextensionsispresented.

Limitingfactorsandanytimeconstraintsare

discussed.Pointersaresuggestedforearlywarning

oflikelyandsustainedmarketchanges;potential

forceswhichimpactoncommoditisationand/orpriceconvergence;integrationinUSandEurope;

effectsofpotentialtradetowestcoastUS.

3:30Session12:SummaryandReviewofCourse

Q&A.Checkcoursecoverageagainstobjectives.

Feedbackrequested.

4.30EndofProgramme

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marketing

of

natural

gas,

in

China.

Mr

Harrison

acted

as

the

Shell

delegate

on

the

Joint

Venture

Project

Committee

of

the

AustralianNorthWestShelfLNGprojectbetween1993and1997.Duringthatperiodhewasalsosecondedparttimeto

COAGNaturalGasTaskforce(todevelopanationalgasregulatoryregime)tocoordinateandreportonthedeliberations

of the UpstreamWorkingGroup. Prior to that,Mr Harrison was involved in managing theapplicationofonshoreand

offshore technologies for Shells own exploration and production programme the successful development of gas

projects forbaseandpeak loadduties intheUKSouthernNorthSeagasprovince,gasandoilventureassessments in

Russia,KazakhstanandTurkmenistan,anddeepwatergasandoildiscoveries inThePhilippines.BeforejoiningShell in

1972, Mr Harrison worked for two years as a Field Geophysicist in Central Australia and Papua New Guinea for the

AustralianGovernment,BureauofMineralResources(nowGeoscienceAustralia)andforafurthertwoyearsasafield

partyleaderinCentralAustraliaforaprivateexplorationcontractingcompany.

RichardHarrison is a private consultant in the field of natural gas market development and is interested also in the

integrationofcommercialandenvironmentalopportunitiesofferedbytheuseofnaturalgas.MrHarrisonwasformerly

with the Shell Group of Companies for 30 years. His final post was General Manager, Natural Gas and Project

DevelopmentManagerforShell inChinafrom1997to2001.Hismainresponsibilitywastodevelopa liquefiednatural

gas(LNG)importproject,aswellassalesand

MichaelWilliamsisanenergyprofessionalwithworldwideexperienceparticularlyingasandLNG,mostrecentlyinChina

andTaiwan.AsManagingDirector(Gas&Power)forShellinChina,wasacknowledgedasamajorinfluenceinthechange

ofChinasenergypolicytoimportLNGandtoutilizegas.HehasexpertiseinallphasesofthegasandLNGbusiness,and

isacknowledgedby industryexperts,GovernmentsandGovernmentExpertCommittees.Nowaconsultant andBoard

Member.HasconsultedworldwideonallaspectsofgasandLNG.MemberoftheWesternAustraliaGasPanelofExperts.

HisinfluenceonthedevelopmentofenergypolicyinChinaandinTaiwanwasrecognisedbytheEnergyWorkingGroup

ofAPECandbytheassociatedpolicydevelopmentbody,APERC (AsiaPacificEnergyResearchCentre,based inTokyo).

Forthepast4years,hasbeeninvitedtorecommendenergypoliciestoAPERCandtocritiqueenergypoliciesdeveloped

by APERC. He has extensive experience of working with Joint Venture partners, including as a senior member of the

managementoftheactualJVteam.AsTechnicalandPlanningManagerintheVenezuelanLNGProjectwasresponsible

foralltechnicalandplanningaspects.AsLNGManagerintheSakhalinLNGProject,ledallLNGplanningfortheproject.

Led the consortium of Shell, Marubeni and Osaka Gas to bid for the Guangdong LNG Project. He was the inaugural

manageroftheOnshoreTreatmentPlantoftheNorthWestShelfLNGProject inKarratha.Setuptheorganisationand

managed

the

start

up

and

operation

of

the

plant.He

has

always

maintained

a

keen

interest

and

capability

in

the

technologyofthegasandLNGbusiness,andisrespectedbyconsultantsandindustrycommentatorsforinsightintothe

technologyanditsbusinessapplications.

YourExpertFaculty

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