Global LNG Markets & Pricing

Overview

The global oversupply of LNG that hit the market in late 2018 has led to a low price environment with spot sellers’ margins squeezed. The production focus is now on new US supply with European imports likely to rise sharply in 2019 and amid concerns over East Asian demand. Longer term, the market is more optimistic with a new raft of production soon to be signed off to start in the mid 2020s. Long-term contracts remain intact but continue to evolve.

Essential training for both newcomers to LNG and those wanting to refresh their knowledge, this 1.5 day course provides insight into key themes including 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

Past attendees include:

Agenda

Day One

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 The LNG production cycle and supply wave

  • Brief history of LNG production
  • The 2015-2021 supply wave
  • Mature basins and new frontiers – challenges for existing producers

10:00 Global LNG Markets – Introduction to markets in Asia and the Middle East

  • Brief history of the rise of LNG demand
  • Asia as a key buyer – country-by-country breakdown
  • Seasonal and fluctuating: the Middle East

11:00 REFRESHMENT BREAK

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11:15 Global LNG Markets – Introduction to markets in Europe and the Americas

  • LNG alongside pipeline gas: the evolution of Europe
  • Seasonal and short-term demand: the Americas

12:00 LNG Pricing Structure Overview

  • Formula and market-based pricing
  • Introduction to term pricing
  • Contract pressure: how LNG term deals are evolving

 12:45 LUNCH

13:45 Practical LNG Pricing and Risk Management

  • Definitions and examples of spot trade
  • Risk management and hedging
  • Cargo optimisation
  • Practical session: European LNG reload exercise

 15:15 LNG Trade flows – Asia and Middle East

  • Current trading patterns, pricing and demand fundamentals
  • Competition between markets – East Asia, Southeast and South Asia
  • Middle East trade, a brief overview

16:00 REFRESHMENT BREAK

16:15 LNG Trade flows – Europe and Americas

  • European LNG pricing and flow dynamics
  • Americas LNG pricing and demand
  • LNG trading markets and participants
  • Seasonal outlook

17:00 Course wrap up

17:10 End of day 1

Day Two

09:00 Introduction and Recap of Key Themes 

09:15 Global LNG market outlook

  • Short-to-mid term supply/demand outlook
  • Long-term production scenarios and key themes
  • The changing LNG value chain

 10:00 LNG shipping market dynamics

  • Shipping types and costs
  • Cargo routes
  • Shipping market trends and developments

11:00 REFRESHMENT BREAK

11:15 Practical LNG shipping and trading exercise

  • Shipping costs and netbacks
  • Profit and loss

12:15 End of course followed by lunch

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 host our first LNG session of 2019.

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.

Upcoming Global LNG Markets & Pricing


Jun

05

Global LNG Markets & Pricing, London, 5-6 June 2019

June 5 @ 8:00 amJune 6 @ 5:00 pm


View the full forward schedule »

Frequently Asked Questions