TEM 501
LNG Commercial Management from Wellhead to Market
COURSE SCHEDULE
* Prices are subject to VAT and local terms. Ph.D. students, groups (≥ 3 persons) and early bird registrants (8 weeks in advance) are entitled to a DISCOUNT!
| Code | Date | Location | price (€)* |
|---|---|---|---|
| TEM 501 | 21-25 Aug 2026 | Online | 3300 |
| TEM 501 | 7-11 Sep 2026 | Doha | 4400 |
COURSE OVERVIEW
This is a 5-day course designed to provide participants with a complete understanding of LNG commercial management, progressing logically from industry foundations through project fundamentals, pricing, financing, shipping, and future trends.
Day one provides LNG industry foundations and global markets, covering introduction to the LNG industry, the complete LNG value chain, global LNG production (liquefaction), global LNG demand (regasification), key players and market structure, and LNG’s role in energy transition.
Day two focuses on LNG project fundamentals and contracts, including LNG liquefaction plants, gas conditioning processes, LNG project management, fundamentals of Sales and Purchase Agreement (SPA), Master Sales Agreement (MSA), Terminal Use Agreement (TUA), Heads of Agreement (HOA), and dispute resolution (arbitration vs litigation).
Day three addresses LNG pricing mechanisms and benchmarks, including oil-linked pricing (JCC and Brent), S-curves for sharing price risk, LNG physical and futures markets, hub-based pricing (JKM, TTF, Henry Hub, NBP) and spot price assessments, natural gas price setting mechanisms, and a workshop on LNG cargo pricing calculations.
Day four covers LNG project financing and risk management, including LNG commercial fundamentals, energy project economics, LNG project finance essentials, financing sources (ECAs, commercial banks, bonds, development banks), key project risks and mitigation, financial ratios and covenants, and a workshop on LNG project appraisal case study.
The final day concentrates on LNG shipping, logistics, and future trends, including LNG shipping contracts (charter parties), demurrage and detention, boil-off gas (BOG) management, storage and terminal operations, LNG custody transfer measurement, small-scale LNG and bunkering, future trends (carbon-neutral LNG, hydrogen, ammonia, methane regulation), and wrap-up and summary.
COURSE OUTLINE
5 days
Day 1: LNG Industry Foundations and Global Marketsy
o Introduction to the LNG Industry
o The Complete LNG Value Chain
o Global LNG Production – Liquefaction
o Global LNG Demand – Regasification
o Key Players and Market Structure
o LNG's Role in Energy Transition
Day 2: LNG Project Fundamentals and LNG Contracts
o LNG Liquefaction Plants
o Gas Conditioning Processes
o LNG Project Management
o Fundamentals of Sales and Purchase Agreement (SPA), Master Sales Agreement (MSA), Terminal Use Agreement (TUA), Heads of Agreement (HOA)
o Dispute Resolution – Arbitration vs Litigation
Day 3: LNG Pricing Mechanisms and Benchmarks
o Oil-Linked Pricing – JCC and Brent
o Curves – Sharing Price Risk
o Hub-Based Pricing – JKM, TTF, Henry Hub, NBP & Spot Price Assessments
o Natural Gas price setting mechanisms
o LNG, Physical & Futures Markets
o Workshop –Estimating the Cost of an LNG Plant
Day 4: LNG Project Financing and Risk Management
o LNG Commercial Fundamentals
o Energy Project Economics
o LNG Project Finance – Essentials
o Financing Sources – ECAs, Commercial Banks, Bonds, Development Banks
o Key Project Risks and Mitigation
o Workshop – Project Finance Case Study
Day 5: LNG Shipping, Logistics, and Future Trends
o LNG Shipping Contracts – Charter Parties
o Demurrage and Detention
o Boil-off Gas (BOG) Management
o Storage and Terminal Operations
o LNG Custody Transfer Measurement
o Small-Scale LNG and Bunkering
o Wrap-up and Summary
INSTRUCTOR
Petro Teach Instructor
The Instructor holds BSc and PhD degrees from the UK and has over 30 years of experience in refinery technology, operations, and management with major oil companies. He currently works as a Senior Consultant at PetroTeach, specializing in oil and gas, process technology, safety, and environmental management.He is a Chartered Chemist and a member of the Royal Society of Chemistry (UK), as well as a member of the American Institute of Chemical Engineers (USA). He previously served as an Approved Safety Inspector at Cyprus Petroleum Refinery Ltd. He holds honorary academic appointments at several European universities and is involved in research in vacuum distillation, gas recovery, and pyrolysis. He is a team member of the Energy Integration Lab at Huddersfield University and heads the Waste to Plastics effort at a major recycling facility in Cyprus. Since 1996, he has delivered more than 250 professional training courses.
DESIGNED FOR
The course is designed for:
o Personnel working across the LNG industry, including but not limited to process and chemical engineers, who will benefit from understanding how each section of the LNG value chain functions. By seeing the bigger picture, they will discover how their specific role adds value – whether through optimizing plant operations, improving efficiency, reducing costs, or enhancing reliability – and how their decisions impact the commercial success of the entire LNG enterprise.
o LNG commercial managers, marketers, and business development professionals
o Project finance professionals, investment analysts, and bankers who evaluate LNG project viability, structure limited-recourse financing, and assess project risks
o Legal and contracts professionals who draft and negotiate LNG agreements, manage dispute resolution, and advise on regulatory compliance.
o Shipping and logistics managers responsible for LNG carrier chartering, storage terminal operations, and regasification scheduling.
o Commercial staff who would like to gain in-depth knowledge of the LNG business.
o Government regulators, energy policy advisors, and utility planners who oversee LNG import/export approvals, gas market liberalization, and energy security.
Some prior exposure to natural gas or energy markets is ideal but not a prerequisite. The course builds understanding from basic principles while providing practical tools that experienced participants can immediately apply
COURSE LEVEL
o Intermediate to Advance
LEARNING OBJECTIVES
After completing this course, participants will be able to:
o Understand LNG industry foundations and global markets – Describe the complete LNG value chain, global liquefaction and regasification capacity, key players, market structure, and LNG's role in energy transition.
o Master LNG project fundamentals and contracts – Explain liquefaction plant operations, gas conditioning processes, LNG project management, and core agreements (SPA, MSA, TUA, HOA), including dispute resolution (arbitration vs litigation).
o Apply LNG pricing mechanisms and benchmarks – Differentiate between oil-linked pricing (JCC, Brent, S-curves), hub-based pricing (JKM, TTF, Henry Hub, NBP), spot price assessments, and natural gas price setting mechanisms; calculate LNG cargo prices under different formulas.
o Structure LNG project financing and manage risk – Understand LNG commercial fundamentals, energy project economics, project finance essentials, financing sources (ECAs, commercial banks, bonds, development banks), key project risks and mitigation, financial ratios and covenants.
o Manage LNG shipping, logistics, and custody transfer – Understand shipping contracts (charter parties), demurrage and detention, boil-off gas (BOG) management, storage and terminal operations, custody transfer measurement, and LNG bunkering.
o Analyse future trends and emerging risks – Assess carbon-neutral LNG, hydrogen and ammonia developments, methane emissions regulation, and the evolution of LNG physical and futures markets.
REGISTER
Registration is now OPEN!
* Prices are subject to VAT and local terms. Ph.D. students, groups (≥ 3 persons) and early bird registrants (8 weeks in advance) are entitled to a DISCOUNT!
For more details and registration please send email to: register@petro-teach.com
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