LNG Shipping Economics & Freight Cost Calculations

Introduction

Liquefied Natural Gas (LNG), recognized as one of the cleanest fossil fuels, holds considerable promise as a commodity for global trade in the future. The significance of LNG agreements, which you, as industry experts, are entrusted to handle, cannot be overstated. They play a crucial role in safeguarding legal and commercial aspects and must encompass various elements, addressing commercial, technical, regulatory, and transportation industrial practices. Your expertise in these agreements facilitates expeditious deals, driving the industry forward.

The LNG Shipping industry, where you, as industry experts, play a pivotal role, is key to optimizing the overall trading margin across the value chain. Your strategic involvement effectively manages the sustainable and profitable balance between Supply and Demand, shaping the industry's future.

This training course is designed to equip industry experts with cutting-edge practices in handling short- and long-term LNG contracts. Attendees will thoroughly understand pricing and agreement negotiation techniques, delving into the principles of technical and market fundamentals. The course will also explore the future trends and challenges in the LNG and Shipping sectors, enabling participants to navigate these dynamic landscapes proficiently.

This GLOMACS LNG Shipping Economics & Freight Cost Calculations training course will highlight:

• Overview of LNG Business
• LNG Trading Legal System and Contractual Laws
• LNG as A Commercial, Domestic Fuel Source for Industry
• LNG Flow Measurement, Custody Transfer & FSRU Operation
• Methodology to Estimate Medium-Term LNG Freight Rates

Objectives

This training course on LNG Terminals Operations covers the Advanced Technical of operations, practical and commercial considerations.

By the end of this training course, participants will be familiar on the following:

• Determine the LNG Shipping Industry Value Chain.
• Understand LNG Terminal Types, Facility and infrastructure
• Identify LNG Applicable Rules, Regulations, Codes and Standards
• Recognise Key Components of the LNG Chain
• Revise LNG Contracts: Fundamental’s elements
• Demonstrate Elements in a Purchase and Sale Agreement
• Practice Negotiation to resolve oil and gas disputes
• Discuss International LNG Shipping Documentations
• Differentiate LNG Supply and Demand Balance
• Identify Global LNG Shipping Considerations
• Value LNG and Domestic Gas Value Chains
• Express Spot and Short-Term Markets
• Understand Custody Transfer Requirements
• Propose FSRU- The vital component in LNG
• Measure FSRU CAPEX, OPEX and Chartering
• Differentiate Between the demand for LNG transport & the supply of LNG transport
• Demonstrate Geographic Distribute LNG molecule supply and demand
• Assess Average freight rates by propulsion technologies
• Discuss Example for the Calculation of the shipping price (Freight Rates)
• Recognise LNG as a fuel and ship design configurations
• State LNG trading route development Asia Pacific regions

Training Methodology

A highly interactive combination of lectures and discussion sessions as well as case studies will be managed to maximise the amount and quality of information, knowledge, and experience transfer. This training course will be intensive but practical and highly interactive. There will also be some indoor experiential activities to enhance learning.