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Infocus International Announces Updated Dates for the LNG Supply, Demand, Pricing & Trading Online Course
Infocus International Group has updated the schedule for the highly acclaimed LNG Supply, Demand, Pricing & Trading online training, set to commence on February 20th & July 2nd, 2024.
The global LNG sector has undergone significant transformations in the early 2020s, responding to the influence of COVID-19, the Ukraine war, and the energy transition. From a low of $2/MMBtu in 2020 due to the COVID crisis, LNG and natural gas prices surged to over $70/MMBtu in 2022, driven by Europe's increased demand following Russia's invasion of Ukraine. However, 2023 was a year of fewer shocks, with prices stabilizing at around double the 2019 level. LNG supply and demand growth slowed to under 2% from 5% in 2021-2022, influenced by high prices and economic growth deceleration.
The outlook for supply growth is more promising, with major liquefaction projects in Qatar, USA, Canada, and Russia scheduled to come online between 2024-2028, adding over 200 mtpa of liquefaction capacity to the 470 mtpa in operation at the end of 2023. While some operating plants may experience output declines, overall supply and demand are expected to increase from 402 mtpa in 2023 to 625 mtpa by 2030. Projects with a total capacity of over 400 mtpa are in the planning stage, with developers of over 100 mtpa of capacity targeting FID by the end of 2024. However, uncertainty exists regarding how many of these projects will be required to meet long-term demand as governments target net-zero greenhouse gas emissions by 2050 or 2060.
The online course, spanning 6 sessions, will discuss the challenges facing the LNG business as it aims to meet consumer needs until 2050. It will focus on commercial issues, covering technology and shipping.
The global LNG sector has undergone significant transformations in the early 2020s, responding to the influence of COVID-19, the Ukraine war, and the energy transition. From a low of $2/MMBtu in 2020 due to the COVID crisis, LNG and natural gas prices surged to over $70/MMBtu in 2022, driven by Europe's increased demand following Russia's invasion of Ukraine. However, 2023 was a year of fewer shocks, with prices stabilizing at around double the 2019 level. LNG supply and demand growth slowed to under 2% from 5% in 2021-2022, influenced by high prices and economic growth deceleration.The outlook for supply growth is more promising, with major liquefaction projects in Qatar, USA, Canada, and Russia scheduled to come online between 2024-2028, adding over 200 mtpa of liquefaction capacity to the 470 mtpa in operation at the end of 2023. While some operating plants may experience output declines, overall supply and demand are expected to increase from 402 mtpa in 2023 to 625 mtpa by 2030. Projects with a total capacity of over 400 mtpa are in the planning stage, with developers of over 100 mtpa of capacity targeting FID by the end of 2024. However, uncertainty exists regarding how many of these projects will be required to meet long-term demand as governments target net-zero greenhouse gas emissions by 2050 or 2060.
The online course, spanning 6 sessions, will discuss the challenges facing the LNG business as it aims to meet consumer needs until 2050. It will focus on commercial issues, covering technology and shipping.
It will consider the outlook for the business in terms of markets, sources of supply, pricing, trading, and the response to the energy transition. Designed for both newcomers and experienced professionals, the course aims to provide comprehensive insights into the LNG industry.A past participant from Murphy Exploration and Production praised the course, stating, “Excellent overview of the LNG industry end-to-end. I would highly recommend it to anyone wanting to learn about the industry.”
A past participant from Petroleum Institute of Thailand also shared, “Thank you for the fruitful training course which I really appreciated. Everything was excellent. Training materials were well prepared and up to date.”
Check out the LNG online course new agenda at www.infocusinternational.com/lng-online.
Course Sessions:
1. The LNG value chain in 2024
2. Overview of safety, shipping, and the present state of the LNG business
3. Exploration of LNG markets and terminals
4. Analysis of LNG shipping and supply dynamics
5. Strategies for acquiring LNG supply and understanding LNG pricing
6. In-depth insights into LNG contracts and the dynamics of LNG spot and short-term trading
Benefits of Attending1. Grasp the technologies, costs, economics, and safety aspects of the LNG chain
2. Recognize the evolving landscape of the LNG business and its implications for industry professionals
3. Develop insights into the dynamic nature of LNG pricing and its evolution
4. Deepen your knowledge of global LNG markets and sources of supply
5. Evaluate the growing significance of spot and short-term trading in the LNG industry
Want to learn more?
Simply email esther@infocusinternational.com or call +65 6325 0235 to obtain your FREE COPY of the event brochure. For more information, please visit www.infocusinternational.com/lng-online
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About Infocus International Group: Infocus International is a global business intelligence provider of strategic information and professional services for diverse business communities. Recognizing clients' needs, they respond with innovative and result-oriented programs. Their products are founded on high-value content in various subject areas, ensuring the highest level of quality through intensive market research from local and international insights. For more information: www.infocusinternational.com.Copyrights © 2024 Inspiration Unlimited eMagazine
Any facts, figures or references stated here are made by the author & don't reflect the endorsement of iU at all times unless otherwise drafted by official staff at iU. This article was first published here on 16th April 2024.
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