Singapore, Mar 14, 2022 - (ACN Newswire) - Infocus International Group has relaunched the best rated LNG Supply, Demand, Pricing & Trading online training and it will be commencing live on the 1st June 2022.
2021 has been a year of recovery for LNG demand as governments of importing countries have relaxed some of the restrictions imposed in response to the Covid-19 pandemic and economic recovery has started. However, the growth in LNG supply has been curtailed by unscheduled maintenance at some of the world's liquefaction plants and by shortfalls in feedgas supply at others. The result has been a tightening of the supply demand balance causing LNG and natural gas prices to surge reaching over $25/MMBtu in September 2021. It is a very different market to 2020, when demand fell because of the pandemic and supply increased as output built up from liquefaction trains commissioned in 2019 and the first half of 2020, which led to LNG and natural gas prices in Asia and Europe declining to $2/MMBtu in the middle of the year. At this level, prices were below the short-run marginal cost of US LNG exports and around 180 US cargoes were cancelled.
Energy transition has brought increased demands for the LNG business to reduce greenhouse gas emissions in all parts of the LNG chain from natural gas production through to the combustion of regasified LNG in downstream markets. It raises questions over LNG's role in the long-term energy supply. Will demand increase as natural gas replaces coal in power generation and is used as a back-up fuel for renewables or will natural gas be seen as a fossil fuel whose consumption has to be reduced if targets of net zero carbon emissions are to be met?
The online course will, over six sessions, provide an overview of the LNG business in 2022 with a commercial focus but technology and shipping will also be covered. It will consider the outlook for the business over the period to 2040 in terms of markets, sources of supply, pricing and trading and the response to energy transition. It is designed not only for newcomers to LNG but also those who want to refresh their knowledge or who have experience in one part of the business or one region and want to widen their knowledge.
Past attendee from the Ministry of Petroleum shared, "Good, interesting and useful for my work. Taking into account an LNG plant that is being built in my country."
"Thank you for the fruitful training course which I really appreciated. Everything was excellent. Training materials were well prepared and up to date," said the past attendee from Petroleum Institute of Thailand.
Check out the LNG online course new agenda at www.infocusinternational.com/lng-online.
- LNG value chain in 2022
- Safety, shipping and current status of the LNG business
- LNG markets and terminals
- LNG shipping and supply
- Acquiring LNG supply and LNG pricing
- LNG contracts and LNG spot and short-term trading
Benefits of Attending:
- Understand LNG chain technologies, costs, economics and safety
- Appreciate how the LNG business is changing and the implications for those working in the business
- Gain insights into LNG pricing and how it is evolving
- Acquire in-depth knowledge of world LNG markets and supply sources
- Assess the increasing role of spot and short-term trading
Want to learn more?
Simply email email@example.com or call +65 6325 0210 to obtain your FREE COPY of the event brochure. For more information, please visit www.infocusinternational.com/lng-online.
About Infocus International Group
Infocus International is a global business intelligence provider of strategic information and professional services for diverse business communities.
Infocus International recognises clients' needs and responds with innovative and result oriented programmes. All products are founded on high value content in diverse subject areas, and the highest level of quality is ensured through intensive and in-depth market research from local and international insights.
Tel: +65 6325 0210
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