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Global LNG Markets & Pricing

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Overview

As natural gas demand grows, traditional LNG trade flows and pricing mechanisms are being challenged. New trends such as increasing appetite for spot LNG, and the transition in Europe from oil-indexed to hub-based pricing, are shifting the competitive landscape both regionally and globally.

Essential training for both newcomers to LNG and those wanting to refresh their knowledge, this one-day course provides current insights into pricing, shipping and supply/demand. With a close look at regional differences and developments, as well as a global overview, it’s a cost-effective option for anyone looking to enhance their understanding of the market.

View the agenda or Enquire about the training course »

Click the Focus story tab to read our exclusive focus story

Past attendees include:

Agenda

08:30 – REGISTRATION AND REFRESHMENTS

09:00 – Introduction to LNG Markets and Pricing
  • Overview of global LNG markets
  • What’s new and what are today’s key themes?
09:30 – Global LNG Markets – Introduction to markets in Asia, the Middle East and Atlantic Basin
  • Brief history of the rise of LNG demand
  • Asia as a key buyer – country-by-country breakdown
  • The role of the Americas, Europe and Middle East

11:00 – REFRESHMENTS

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11:20 – LNG Pricing Structure Overview
  • Formula and market-based pricing
  • Introduction to term pricing
  • Introduction to spot pricing

12:15 – LUNCH

13:15 – Practical LNG Pricing and Risk Management
  • Spot trading
  • Risk Management
  • Cargo Optimisation
14:00 – LNG Trade flows
  • Current trading patterns
  • Competition between markets – East Asia/ South America/ India/ Northwest Europe
  • Market trends
  • LNG trading markets and participants
  • The LNG reload business

15:15 – REFRESHMENT BREAK

15:30 – LNG Shipping
  • Shipping types and costs
  • Cargo routes
  • Shipping market trends and developments

16:15 – Trading & Shipping Exercise

The exercise will give participants a better understanding of shipping types and costs, cargo routes, shipping market trends and developments

16:45 – Course summary

17:00 – End of course

Cheniere expects first LNG from new trains in Q4 ’18

HOUSTON (ICIS)–US LNG exporter Cheniere expects first LNG from both Train 5 at its Sabine Pass plant and Train 1 at its under-construction Corpus Christi plant in Q4 2018, Cheniere CEO Jack Fusco said during the company’s Q2 earning call on 9 August.

Both trains are undergoing the commissioning progress, Cheniere said, and are expected to be operational ahead of schedule. Previous estimates for the trains’ commissioning dates were in the first half of 2019. Now, the trains are expected to be producing commercial LNG by that time.

“We are working very closely with [construction company] Bechtel to make sure that we conduct the commissioning safely and rapidly, and I’m guardedly optimistic that we’ll continue to outperform,” Fusco said.

Train 5 at Sabine Pass in Cameron Parish, Louisiana, is 95% complete, according to Cheniere, and received government approval for fuel gas introduction in early July. The Corpus Christi plant in south Texas is roughly 90% complete, with its second train expected to come online in the second half of 2019. Overall, the commissioning process for Train 5 at Sabine Pass and Train 1 at Corpus Christi will take three to five months, Cheniere said.

All of the commissioning cargoes would be marketed on a spot basis by Cheniere’s trading subsidiary Cheniere Marketing. Chief financial officer Michael Wortley said each train could produce between five to seven commissioning cargoes, although this figure could vary.

On 6 August, feedgas flows to the Sabine Pass plant dropped to 2.39b cubic feet (bcf)/day, or around 67.68mcm/day, and have remained low since then, at the same time market sources reported an outage at Train 1.

It is unclear whether the outage is planned or not, although Cheniere executives said during the call that the company attempts to schedule outages during shoulder months.

By : Lawrence Holt

Source: ICIS News // 10 August 2018 00:09


Would you like to know more about the latest LNG trade flows scenario and other market updates?
Attend the Global LNG Markets and Pricing training course as we bring the 2018’s final session in Houston, Texas.

Register here »

Ed Cox – Editor, ICIS Energy

Ed Cox is Editor of ICIS’ Global LNG portfolio and previously headed up the daily ICIS European gas report, ESGM. Ed has over 10 years of experience within the energy and petrochemical markets, working within different departments of ICIS.

Ed studied Modern Languages at the University of Oxford and has also worked within the financial industry

Ben Wetherall – Head of Gas & LNG, ICIS

Ben Wetherall is the Head of Gas & LNG at ICIS and is responsible for overseeing the company’s natural gas and LNG markets pricing benchmarks and market analysis. He has worked closely with the LNG trading community to provide price reference points and market intelligence which has supported the growth of trade. He previously edited ICIS Global LNG Markets and has published research on LNG short-term trading and pricing. Prior to joining ICIS in 2010, Ben worked as a consultant for Gas Strategies where he provided commercial advice on upstream, pipeline and LNG projects in Europe, Russia and Asia. He also worked as a country risk analyst for IHS Global Insight, and has monitored over 10 elections in Europe and the CIS for the Organisation for Security and Cooperation in Europe.

Roman Kazmin – Editor-LMD, ICIS

Roman has a background in LNG of over 10 years. He started his career in the energy sector as a business development manager, energy for King & Spalding with special reference to gas-to-ower project in Russia. He has worked as an LNG broker on both shipping and product for E.A. Gibsons. He is currently affiliated with University of Cambridge, Energy Policy Research Group. His most recent study Economics of LNG Trade: the economics of inter-basin arbitrage trade 2010-2014 was published in January 2016. He is currently involved in research on development of hybrid approach to LNG derivatives trade. At ICIS, Roman edits the LNG Markets Daily and overseas the daily price assessments across Asia-Pacific region.

Ruth Liao – Americas editor for LNG at ICIS

Ruth Liao is Americas editor for LNG at ICIS and responsible for price assessments, news coverage and analytics for North and South America. Her coverage can be found in LNG Markets Daily, Global LNG Markets and the LNG analytics platform LNG Edge. Ruth has been an editor with ICIS since 2011 and joined the LNG editorial team in 2012. She is a graduate of The University of Texas at Austin with a bachelor of journalism and has worked at daily newspapers in Arizona and Oregon. She has most recently spoken at the North American Gas Forum in Washington, DC, the Houston 2025 and Beyond conference in Houston and the ICIS China LNG Supply/Demand and Investment Opportunities training in Shanghai.

Why attend this course?

  • Understand how pricing mechanisms are evolving in Europe, the Atlantic Basin and Asia Pacific
  • Learn about LNG pricing mechanisms and trading patterns around the globe
  • Identify major LNG players shaping the competitive landscape
  • Assess the implications of global and regional LNG developments on your business
  • Gain insights into short- to long-term price drivers for LNG
  • Get to grips with LNG shipping, including ship types, costs, main routes, and key issues

Enquire about the course now »

Testimonials from past delegates of this course

“The course is very effective to understand the dynamics of the LNG market” – Gas & Power AnalystEDISON S.p.A

“Useful course for a beginner, or a more experienced practitioner looking for an update on the market.” – Senior ConsultantFTI CONSULTING

Very good, worth recommending! – SpecialistPOLISH OIL AND GAS COMPANY

Training course fees

If you require fees information, please contact us via icis.training@rbi.co.uk

In-House Training

ICIS works alongside our clients to create bespoke training courses that mould our expertise and your specific needs. We will pinpoint the current expertise of your employees, areas for improvement, and your business goals, and develop a training course that will bring tangible benefits to your business.

Our custom training courses are delivered as interactive workshops, focusing on the products, concepts and issues that are most relevant and beneficial to you.

  • Save money on transportation and accommodation, with training at a convenient location
  • Flexibility – you determine the length and duration of the sessions
  • Interactive workshops with hands-on exercises, to reinforce key skills, techniques and concepts
  • Take away the course materials, presentations and background information for future reference

To enquire about in-house training for this course, please click here and a member of our team will get back to you.

Related Courses

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