Introduction
This GLOMACS LNG Value Chain training course brings the technical, commercial and trading dimensions of liquefied natural gas together into a single coherent week. Professionals working in LNG rarely operate in isolation, yet training in this sector is usually split along narrow functional lines. Plant engineers make decisions that carry commercial consequences, and commercial teams commit to obligations shaped by physical plant limits. This training course closes that gap, following the molecule from reservoir to burner tip, then following the value that molecule carries through contracts, markets and price formation.
The LNG industry is in a period of structural change. Supply growth from the United States and Australia has reshaped global trade flows, Qatari expansion is set to add further volume, and long term oil indexed contracts are giving way to flexible portfolio and spot procurement. Hub benchmarks now compete directly with slope based pricing, while floating liquefaction, bunkering and small scale LNG open routes to market that did not exist a decade ago. This training course equips delegates to navigate that change with technical and commercial confidence.
This training course will highlight:
- The complete LNG value chain from wellhead to burner tip
- Gas treatment, liquefaction technologies and storage fundamentals
- Shipping, terminal operations, custody transfer and HSSE requirements
- Contractual architecture, project financing and LNG project economics
- Pricing mechanisms, derivatives and practical hedging strategies
Objectives
The training course is designed to build capability across the full LNG chain rather than within a single specialism. Each day develops a distinct layer of competence, moving from physical fundamentals through plant and shipping operations into contracts, economics and price formation. By the close of the week, delegates will be able to work confidently on both sides of the business.
At the end of this training course, you will learn to:
- Explain the complete LNG value chain
- Evaluate liquefaction technologies and plant operations
- Assess shipping, terminal and custody transfer requirements
- Analyse LNG contracts, economics and project financing
- Apply LNG pricing, trading and hedging techniques
Training Methodology
This training course combines facilitated discussion, worked examples and structured case studies drawn from live LNG projects and trades. Delegates work in syndicate groups, applying each concept to realistic technical and commercial scenarios. Daily sessions move deliberately between the physical and commercial sides of the business so that both perspectives reinforce each other. Short quizzes and a closing integrated exercise consolidate learning across the full week.
Organisational Impact
Organisations operating in or supplying to the LNG sector depend on staff who can see beyond their own function. This training course sends people back into the business able to interpret a technical constraint commercially and a commercial obligation technically, which shortens internal decision cycles and reduces the risk of costly misalignment between departments.
The Organisation will have the following benefits:
- Better informed technical and commercial decisions
- Stronger capability across the LNG value chain
- Improved contract negotiation and risk awareness
- Greater readiness for LNG project investment
- Improved capability to manage price volatility
- Closer alignment with international industry standards
Personal Impact
At the end of this training course, the participants will gain the following:
- Confident understanding of the LNG business
- Ability to interpret LNG technical information
- Skill in evaluating LNG contracts and agreements
- Working knowledge of LNG pricing and hedging
- Broader perspective beyond their own functional area
- Stronger contribution to cross functional discussions
Who should Attend?
This training course suits professionals across the LNG chain, from plant operations through to commercial and financial roles.
No prior specialist knowledge is assumed, and the programme builds from fundamentals to advanced application.
This training course is suitable to a wide range of professionals but will greatly benefit:
- Plant, operations and technical personnel
- Business development and corporate planning professionals
- Commercial, contracts and procurement specialists
- Trading, market analysis and finance professionals
- Legal, regulatory and compliance personnel
- Project management and engineering staff
LNG Fundamentals and the Global Value Chain
- Introduction to the LNG industry and its historical evolution
- Drivers of global LNG demand growth
- Hydrocarbon fundamentals and characteristics of natural gas
- LNG physical properties, behaviour and key safety considerations
- LNG quality and product specifications, GCV, heating value and impurities
- The complete value chain from wellhead to burner tip
- Global LNG infrastructure, trade flows, exporting and importing nations
- Industry players and projects currently under development
Gas Treatment, Liquefaction and Storage
- Gas conditioning and pre-treatment across the processing train
- Water removal, acid gas removal and contaminant management
- Nitrogen rejection processes and inert gas handling
- Refrigeration principles and vapour liquid behaviour
- Cryogenic fundamentals underpinning liquefaction
- Comparison of liquefaction technologies and cycle configurations
- Fractionation, NGL recovery and technology selection considerations
- Onshore storage tanks, boil-off gas management and vaporisation systems
Shipping, Terminals, Custody Transfer and HSSE
- Evolution of LNG shipping and development of the global fleet
- LNG carrier and cargo containment technologies
- Chartering fundamentals and shipping economics
- Cargo handling, loading arms and terminal operations
- Receiving terminals and regasification fundamentals
- Floating solutions, FLNG and FSRU, mid and small scale LNG and bunkering
- Custody transfer systems, quality and composition measurement
- IGC code, ESD and safety systems, emergency response and risk management
LNG Markets, Contracts, Projects and Economics
- Market fundamentals, global supply and demand balance and the impact of new supply
- Regional market dynamics across Asia, Europe and the Atlantic basin
- Contractual architecture, upstream agreements, SPAs and EPC contracts
- Shipping and terminal agreements, FOB versus DES, destination and take-or-pay provisions
- Fiscal and legal regimes, production sharing arrangements and regulatory frameworks
- Reserves definitions, certification and commercial risk identification
- Project development and financing, capital structures, ECA and multilateral funding
- Project economics, cost overrun and completion risk, dispute prevention and arbitration
Pricing, Trading, Hedging and Future Direction
- Pricing mechanisms, oil indexation, price slopes and S-curves
- Hub based pricing and the role of JKM, TTF and Henry Hub
- Netback calculation, proxy curves and price transparency
- The shift from long term oil indexed contracts to portfolio and spot procurement
- Growth of short term trading and the requirements for market liquidity
- LNG and gas derivatives, futures, options and swaps
- Hedging strategies for buyers, sellers and portfolio players
- Market regulation, gas in the energy transition and future industry direction
- Upon successful completion of this training course, GLOMACS Certificate will be awarded to the delegates. Continuing Professional Education credits (CPE): In accordance with the standards of the National Registry of CPE Sponsors, one CPE credit is granted per 50 minutes of attendance
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