LNG Fundamentals

LNG Fundamentals

December 1-2, 2022 | Online :: Central Time

“Tom was great and his slides were perfect in explaining everything. He was fantastic!” –Connecticut Public Utilities Regulatory Authority

“Very helpful, patient, and made course material easy to understand for someone new to the industry like myself.” –New York Power Authority

“Tom was very informational and interactive. I gained a lot from his industry knowledge and experience.” – Spire

“Extremely knowledgeable and apt at making complicated material understandable in a field where most speak in sentences comprised of 80% acronyms. Very useful training.” – California Public Utilities Commission

“Tom is highly effective in his instruction. He breaks down complicated concepts and allows his audience to grasp them and is easy to follow along. An 8-hour or 4-hour lecture seemed so much shorter when I listened to his lecture.” – Energy Industry Analyst, FERC

“Tom did a great job at simplifying a complex topic and engaging with all of the attendees. I would recommend this course to anyone seeking a comprehensive education of the natural gas industry.” – Visual Media Designer, Connecticut Public Utilities Regulatory Authority

“Tom did a great job. Well-spoken and well-versed.” – VP of Corporate Development, Clearview Energy

The US is on its way to becoming the number one global Liquefied Natural Gas (LNG) exporter. US LNG exports will play a vital role in reducing Europe’s dependence on Russian natural gas as the Russia-Ukrainian War continues. Climate change effect in Europe, Asia and Latin America are also bullish for US LNG exports.

During this 1.5-day course, attendees will receive a comprehensive understanding of the LNG supply chain, types of infrastructure, costs, siting and safety regulations, and markets for LNG. We will also discuss how an LNG plant operates (import, storage, and vaporization) and types of vessels used to transport LNG. Attendees will have a better understanding of the relationship between U.S. shale gas and LNG, as well as the latter’s role as a fuel for the 21st century.

Attendees will also learn about inland and offshore LNG import and export terminals and LNG peak shaving plants used to mitigate temporary natural gas supply and price risks. LNG bunkering and greening LNG cargos will also be discussed. The course will address the roles played by the Department of Energy, FERC, PHMSA, and USCG in siting and safely operating U.S. LNG projects. Attendees will learn about LNG pricing mechanisms, sales purchase agreements, how LNG is priced for domestic use, and natural gas and LNG futures contracts used to hedge risk.

Learning Outcomes

  • Role of Russia-Ukraine War and climate change on North America LNG Exports
  • Describe the basic LNG fundamentals
  • Discuss the traditional LNG supply chain
  • Evaluate LNG transportation, receiving terminals, environmental aspects, and trad markets
  • Examine the offshore LNG supply chain and evaluate LNG project costs
  • Analyze LNG contracts and project development
  • Review examples and mechanisms of U.S. LNG exports
  • Discuss purchasing strategies of LNG for use in the U.S.

Agenda

Thursday, December 1, 2022 : Central Time

8:45 – 9:00 a.m.
Log In and Welcome

12:30 – 1:15 p.m.
Lunch Break

9:00 a.m. – 5:00 p.m.
Course Timing

LNG Fundamentals

  • LNG Characteristics
  • Units and Conversion Factors
  • LNG Common Terms
  • LNG Facility Types
  • LNG End Uses

LNG Supply Chain

  • Overview and Liquefaction Process
  • Types of Liquefaction Processes
  • Liquefication Plant Types
  • LNG Train Size
  • LNG Loading

Land-Based LNG Exporting & Receiving Terminals

  • LNG Export Terminals aka Liquefaction Plants
  • LNG Import Terminals aka Regasification Plants

Floating LNG Export & Import Vessels

  • Floating Protection Storage Offloading (FPSO) and Floating LNG
  • Offshore LNG Regasification
  • Floating Storage & Regasification Units (FSRU)
  • FSRU to Power

LNG Environmental, Regulatory, & Safety Aspects

  • Environmental Impacts
  • US, Canadian, and Mexican Regulation
  • Environmental Reviews and State/Provincial Permits

LNG Transportation

  • By Ship
  • By Truck
  • By Rail
  • LNG Carrier Costs and Travel Time
  • LNG as Transportation Fuel

Friday, December 2, 2022 : Central Time

8:45 – 9:00 a.m.
Log In

9:00 a.m. – 12:30 p.m.
Course Timing

LNG Project Costs

  • Cost Allocation of LNG Project
  • Liquefaction Plant Costs
  • Buyers and Sellers in the LNG Supply Chain

LNG Contracts and Project Development

  • Integrated LNG Supply Chain
  • Less Integrated LNG Supply Chains
  • Project Finance
  • Project Management
  • Pre-Front End Engineering and Design (FEED)
  • EPC Contracts

LNG Trade & Sales & Purchase Agreements

  • Global LNG Market Growth
  • LNG Import and Export Markets
  • Global LNG Mega Projects and Players
  • Portfolio Players
  • Small LNG Exports to Caribbean
  • Sales & Purchases Agreements

U.S. LNG Exports

  • Countries Receiving US LNG
  • LNG Prices

Pricing Global LNG & LNG Export Business Models

  • Pricing Mechanisms for Global LNG Markets
  • Pricing Mechanisms for Small Quantities of LNG
  • LNG  Export Business Models
  • Global LNG Trends

Instructor

Tom Russo, President, Russo on Energy, LLC

Tom Russo is an Energy and Environmental expert with unique FERC regulatory skills in oil, natural gas and liquefied natural gas infrastructure, NEPA environmental impact assessment and in how energy markets, prices and physical/cybersecurity affect infrastructure investments. 

Prior to founding Russo on Energy LLC in May 2015, Mr. Russo worked for over 30 years as a Manager and Sr. Energy Industry Analyst at the Federal Energy Regulatory Commission (FERC). During that time, he amassed experience in the natural gas and crude oil markets and its regulation by the FERC. Mr. Russo thoroughly understands the Natural Gas Act, Natural Gas Policy Act, and Interstate Commerce Act which are applicable to natural gas and oil pipeline transportation.  

Mr. Russo is also an adjunct professor at the George Washington University’s Elliott School of International Affairs. He teaches Global Energy Markets and Global Energy Security to undergraduate and graduate students. He actively conducts independent research on oil, natural gas, and power matters and writes an Energy and Environmental column for the Climate & Energy Journal. 

Online Delivery

We will be using Microsoft Teams to facilitate your participation in the upcoming event. You do not need to have an existing Teams account in order to participate in the broadcast – the course will play in your browser and you will have the option of using a microphone to speak with the room and ask questions, or type any questions in via the chat window and our on-site representative will relay your question to the instructor.

  • IMPORTANT NOTE: After November 30 you will not be able to join a Teams meeting using Internet Explorer 11. Microsoft recommends downloading and installing the Teams app if possible. You may also use the Edge browser or Chrome.
  • You will receive a meeting invitation will include a link to join the meeting.
  • Separate meeting invitations will be sent for the morning and afternoon sessions of the course.
    • You will need to join the appropriate meeting at the appropriate time.
  • If you are using a microphone, please ensure that it is muted until such time as you need to ask a question.
  • The remote meeting connection will be open approximately 30 minutes before the start of the course. We encourage you to connect as early as possible in case you experience any unforeseen problems.

Register

Please Note: This event is being conducted entirely online. All attendees will connect and attend from their computer, one connection per purchase. For details please see our FAQ

If you are unable to attend at the scheduled date and time, we make recordings available to all registrants for three business days after the event

REGISTER NOW FOR THIS EVENT:

LNG Fundamentals

December 1-2, 2022 | Online
Individual attendee(s) - $ 1295.00 each

Volume pricing also available

Individual attendee tickets can be mixed with ticket packs for complete flexibility

Pack of 5 attendees - $ 5,180.00 (20% discount)
Pack of 10 attendees - $ 9,065.00 (30% discount)
Pack of 20 attendees - $ 15,540.00 (40% discount)

Your registration may be transferred to a member of your organization up to 24 hours in advance of the event. Cancellations must be received on or before October 28, 2022 in order to be refunded and will be subject to a US $195.00 processing fee per registrant. No refunds will be made after this date. Cancellations received after this date will create a credit of the tuition (less processing fee) good toward any other EUCI event. This credit will be good for six months from the cancellation date. In the event of non-attendance, all registration fees will be forfeited. In case of conference cancellation, EUCIs liability is limited to refund of the event registration fee only. For more information regarding administrative policies, such as complaints and refunds, please contact our offices at 303-770-8800

CEUs

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EUCI is accredited by the International Accreditors for Continuing Education and Training (IACET) and offers IACET CEUs for its learning events that comply with the ANSI/IACET Continuing Education and Training Standard. IACET is recognized internationally as a standard development organization and accrediting body that promotes quality of continuing education and training.

EUCI is authorized by IACET to offer 1.0 CEUs for this event.

Requirements for Successful Completion of Program

Participants must log in each day and be in attendance for the entirety of the course to be eligible for continuing education credit.

Instructional Methods

Case studies and PowerPoint presentations will be used in this program.


Upon successful completion of this event, program participants interested in receiving CPE credits will receive a certificate of completion.

Course CPE Credits: 12.0
There is no prerequisite for this Course.
Program field of study: Specialized Knowledge
Program Level: Basic
Delivery Method: Group Internet Based
Advanced Preparation: None

CpeEUCI is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org

 

Who Should Attend

Energy, financial and commodity analysts that are new to the LNG industry, World Bank, international, US and Canadian federal and state/provincial agencies, environmental consultants who are financing, regulating, or analyzing LNG export and bunkering. 

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