LNG Fundamentals: Darwin - December

As a newcomer to LNG, build your knowledge and confidence by examining the fundamental technical and economic factors behind the development of natural gas reserves through an integrated LNG project.

Key Learning Outcomes:

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. 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, the operator, the customer and government towards LNG projects. Recognise political and diplomatic implications of international trade in LNG, including recent trends. Identify recent developments in FLNG technology.

This course contrasts the technical and commercial differences between LNG and natural gas to point out benefits and constraints that arise from the LNG option. It will examine the technical process of producing LNG, plant design considerations, 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 is covered in detail, 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 participants 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.