MJMEnergy LNG Economic Modelling - CPD Training Course

LNG ECONOMIC MODELLING

A Four Day Seminar

The market for LNG has quickly grown as falling production costs and rising gas demand have driven new production and reception projects. The first LNG deliveries to the UK for twenty years began in July, 2005, and many forecasts see LNG meeting over 30% of UK gas demand in the next decade. Elsewhere around the world new terminals are being developed and existing ones expanded to meet a rush in LNG supply, while major LNG production projects are developing in every continent. Presented through a variety of different learning styles, the elements of this excellent four-day course have been designed to systematically build a good understanding of the global market and a confident approach to LNG economics.

Course Objectives

This four-day course is designed to provide delegates with an overview of the key issues in modelling LNG economics. The course includes an introduction to the LNG industry as a whole, detailed analysis of each link in the LNG chain and modelling strategies for these links, case studies of real-life LNG projects, exercises in modelling to reinforce the key commercial and strategic issues covered.

Course Structure

The morning of each day shall be used to establish a theoretical foundation both in terms of the industry and in terms of the application of economic models to those areas of the LNG Chain under review.

This will be followed in the afternoon with practical application of this knowledge though a series of economic modelling exercises as follows;


LNG Economic Model Module 1 – The liquefaction terminal costs.
LNG Economic Model Module 2 – The shipping costs.
LNG Economic Model Module 3 – The regasification terminal costs.
LNG Economic Model Module 4 –

The LNG Trading Game:

As a great way of consolidating the learning programme, delegates take part in the LNG Trading Game. Held during the afternoon of Day 4, this popular game introduces an element of fun offering the chance for demonstrations of financial skill and dynamism.

Delegates are allocated to one of five businesses which are either sellers or buyers of LNG each having specific portfolios of gas supplies and customers. The delegates are then able to trade LNG spot cargoes to meet the requirements of the market.

Good risk strategy, market understanding and teamwork will gain the advantage offering a real-world simulation in a safe setting.

The LNG Trading Game

Course requirements
The course has been designed to allow delegates with little of no prior knowledge of economic modelling or the LNG business, although clearly any knowledge of either area would be useful. The exercises will be based on Excel spreadsheets and therefore, while access to PCs will be provided, a general knowledge of Excel would be helpful, but not essential.

Over the Four days event speakers will be Mike Madden, Nick White David Long & Chris LeFevre