LNGFUNDAMENTALS

MastertheEssentialCommercialandTechnicalForcesDrivingtheGlobalLNGValueChain 25th to 27th October, Concorde Hotel, Singapore

ExpertCourseFacultyLeader
MichaelWilliams& RichardHarrison

ORGANISEDBy InAllianceWith

powerEDGE

petroEDGE

LNGFUNDAMENTALS 25th to 27th October 2010, Singapore

AboutThisTrainingCourse
The21stcenturyhasbeencoinedthecenturyofgas.Thecoursewilladdressthe fundamentaltechnicalandeconomicfactors thathavedrivenandwilldrivethesuccessfuldevelopmentofnaturalgasreservesbymeansofanintegratedliquefiednatural gas(LNG)project.ThecurrentexponentialgrowthintheuseofnaturalgasthroughinternationaltradeinLNGisexplored.

CourseOverview
ThecoursecontraststhetechnicalandcommercialdifferencesbetweenLNGandnaturalgas topointoutbenefitsand constraintsthatarisefromtheLNGoption.Adescriptionisgivenoftheelementsinthegaschainwhichapplyto LNGandofdriversthatwouldleadtooptimisationofdesignandcommercialoperation.Therangeandroleof relevantpartiestoasuccessfulLNGprojectaredescribed.RegulatoryauthoritiesarealsoconcernedwithLNGsafety, whichiscoveredindetail.WaysandmeansbywhichanewentranttoaproposedLNGprojectmayensurean investmentthatmeetsexpectations.Actualcasehistorieswillbeusedfrequentlytodemonstratelearningpoints. Casehistoriesandexerciseswilldealwithexamplestakenfrominternationalandlocalexperience.Anintroductionto terminologyandpracticalrulesofthumbshouldfurtherenhancetheparticipantsabilitytoimmediatelycontribute toasuccessfulgasprojectandtoasktherightquestionstotestandimprovetheviabilityofaproposedproject.

CourseLearningOutcomes
Oncompletion,participantsinthecoursewillbeableto UnderstandthespecialcharacteristicsofLNGwhichbothbroadenandyetconstrainthecommercialandtechnical linksinthegaschain Generateoptionsformarketdevelopmentproposals Understandrisksandtheirmitigation NegotiatemoreeffectivelythetermsofLNGsalesagreements Understandtheperspectivesoftheinvestor,theoperator,thecustomerandgovernmenttowardstheLNGproject RecognisepoliticalanddiplomaticimplicationsofinternationaltradeinLNG

WhoShouldAttend
LNGprojectdevelopmentexecutivesaredrawnfrombothtechnical(E&Pgeoscienceand engineering)andnontechnical (commercial,financeandlegal)backgrounds.ParticipantswhohaverecentlyjoinedanLNGmarketdevelopmentteam, perhapswithexpertiseinoneareaofgasdevelopment,willbenefitfromthecoursebyobtainingagoodgroundingofall otherareas.

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LNGFUNDAMENTALS 25th to 27th October 2010, Singapore

CourseOutline DAY1
9:00Session1:IntroductionofDelegatesandCourse Overview Objectivesofthecourseareoutlinedtoprovidethe newcomertoaLNGprojectdevelopmentteamwithan insighttofundamentalprinciplesgoverningthe successfuldevelopmentandoperationofanLNG project.Usefulrulesofthumbwillbeofferedasa meanstoassesstechnicalandcommercialranking. Discussionismadeinthecontextofworldenergyuse. 11:00Session2:TechnicalCharacteristicsofNatural GasandLNG Anintroductiontotheuniquephysicalcharacteristics ofNGandLNGispresentedsothattechnicaland commercialopportunitiesandconstraintsmaybe understoodandcontrastedwithotherliquidand gaseousfuels.TheLNGindustryalsocombinesmany distinctengineeringandcommercialdisciplineseach withestablishedmeasurementconventions.Anability tounderstandthescaleandvalueoftheunits employedandtoconvertbetweenthem isanessentialbasicskill 1:30Session3:GasLiquefaction Capitalcostsandeconomiesofscale,costtrendsand benchmarks;technologyandtypicalprocesses,lead andconstructiontimes;storagerequirements;typical EPCcontracts,theiroperationandexamples 3:30Session4:LNGShipping CapitalcostsandoperatingconditionsofLNGcarriers, benchmarks,typicaldesigns,leadandconstruction times;vesselsizeandconstraints;FoBvs.DeS;fleet managementissues. Discussionofdegreeoftechnicalandcommercial flexibilityinLNGdeliveryschedulesandassociated contractualterms.Examplesofdeliveryarrangements areexaminedfromBuyer andSellerperspective 5:00EndofDayOne

DAY2
9:00Session5:LNGTerminalsandEndusers Capitalcostsandbenchmarks,typicaldesigns,leadand constructiontimes;storagerequirements;upsetconditions andresponses;capacity/storageoptimization;specialissues involvingpowergeneration 11:00Session6:LNGSafety ThecryogenictemperatureofLNGandthegenerationof largequantitiesofgasonvaporizationrequiresignificantand differentsafetyrequirementsforthesafehandling,storage anduseofLNG. 1:30Session7:MarketIdentificationandDevelopment Thethreelevelsofmarketidentification,costs,compatibility ofgases,conversiontoreticulatednaturalgas.HistoryofLNG marketdevelopmentandtheirpricingmechanisms.Outline ofLNGsalesandpurchaseagreements;relatedcontract termsandconditionsandtheirevolution 3:30Session8:InternationalCompetitionforLNGMarkets Currentintensecompetitionformarketsisplacedinhistorical context;effectonpricingformulaeandcontractterms;the shorttermtradethespotmarket.Regionalpricing conventionsandtheirrobustnesswillbediscussed;signsof priceconvergenceexamined. MarketsharedataandrelativepositionsofLNGparticipants willbeanalysed. 5:00EndofDayTwo

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LNGFUNDAMENTALS 25th to 27th October 2010, Singapore

CourseOutline
DAY3 9:00Session9:LNGBusinessDevelopment KeyfactorswhichgenerateasuccessfulLNGmarket. Examplesofdynamicbalancebetweensupplyand demandwithreferencetosubstituteandswing fuels.Projectrealitiesincludingreputationissues andsponsorstrackrecord;projectgovernance; driversbehindprojectparticipationandroleofthe State;examplesofsuccessfulandsuboptimal participationbysmallandlargernewentrants. Necessityforindependentadvice,andwaysand meanstokeepuptodate. 11:00Session10:AnIntegratedLNGProject RulesofThumb Internationalconvergenceincapitalcostsallow estimationofnetbacksormarginsateachelement ofthegaschainlocalvariationsmaycallfor explanation 1:30Session11:LNGoutlookandfuturetrends Thecenturyofgasthebasisforexpectedfuture marketexpansionsandextensionsispresented. Limitingfactorsandanytimeconstraintsare discussed.Pointersaresuggestedforearlywarning oflikelyandsustainedmarketchanges;potential forceswhichimpactoncommoditisationand/or priceconvergence;integrationinUSandEurope; effectsofpotentialtradetowestcoastUS. 3:30Session12:SummaryandReviewofCourse Q&A.Checkcoursecoverageagainstobjectives. Feedbackrequested. 4.30EndofProgramme

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LNGFUNDAMENTALS 25th to 27th October 2010, Singapore

YourExpertFaculty
MichaelWilliamsisanenergyprofessionalwithworldwideexperienceparticularlyingasandLNG,mostrecentlyinChina andTaiwan.AsManagingDirector(Gas&Power)forShellinChina,wasacknowledgedasamajorinfluenceinthechange ofChinasenergypolicytoimportLNGandtoutilizegas.HehasexpertiseinallphasesofthegasandLNGbusiness,and is acknowledged by industry experts, Governments and Government Expert Committees. Now a consultant and Board Member.HasconsultedworldwideonallaspectsofgasandLNG.MemberoftheWesternAustraliaGasPanelofExperts. HisinfluenceonthedevelopmentofenergypolicyinChinaandinTaiwanwasrecognisedbytheEnergyWorkingGroup ofAPECandbytheassociatedpolicydevelopmentbody,APERC(AsiaPacificEnergyResearchCentre,basedinTokyo). Forthepast4years,hasbeeninvitedtorecommendenergypoliciestoAPERCandtocritiqueenergypoliciesdeveloped by APERC. He has extensive experience of working with Joint Venture partners, including as a senior member of the managementoftheactualJVteam.AsTechnicalandPlanningManagerintheVenezuelanLNGProjectwasresponsible foralltechnicalandplanningaspects.AsLNGManagerintheSakhalinLNGProject,ledallLNGplanningfortheproject. Led the consortium of Shell, Marubeni and Osaka Gas to bid for the Guangdong LNG Project. He was the inaugural manageroftheOnshoreTreatmentPlantoftheNorthWestShelfLNGProjectinKarratha.Setuptheorganisationand managed the startup and operation of the plant.He has always maintained a keen interest and capability in the technologyofthegasandLNGbusiness,andisrespectedbyconsultantsandindustrycommentatorsforinsightintothe technologyanditsbusinessapplications. Richard Harrison is a private consultant in the field of natural gas market development and is interested also in the integrationofcommercialandenvironmentalopportunitiesofferedbytheuseofnaturalgas.MrHarrisonwasformerly with the Shell Group of Companies for 30 years. His final post was General Manager, Natural Gas and Project DevelopmentManagerforShellinChinafrom1997to2001.Hismainresponsibilitywastodevelopaliquefiednatural gas(LNG)importproject,aswellassalesand marketingofnaturalgas,inChina.MrHarrisonactedastheShelldelegateontheJointVentureProjectCommitteeofthe AustralianNorthWestShelfLNGprojectbetween1993and1997.Duringthatperiodhewasalsosecondedparttimeto COAGNaturalGasTaskforce(todevelopanationalgasregulatoryregime)tocoordinateandreportonthedeliberations of the Upstream Working Group. Prior to that, Mr Harrison was involved in managing the application of onshore and offshore technologies for Shells own exploration and production programme the successful development of gas projectsforbaseandpeakloaddutiesintheUKSouthernNorthSeagasprovince,gasandoilventureassessmentsin Russia,KazakhstanandTurkmenistan,anddeepwatergasandoildiscoveriesinThePhilippines.BeforejoiningShellin 1972, Mr Harrison worked for two years as a Field Geophysicist in Central Australia and Papua New Guinea for the AustralianGovernment,BureauofMineralResources(nowGeoscienceAustralia)andforafurthertwoyearsasafield partyleaderinCentralAustraliaforaprivateexplorationcontractingcompany.

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LNGFUNDAMENTALS 25th to 27th October 2010, Singapore

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