COURSE OVERVIEW:

The Liquefied Natural Gas (LNG) market has transitioned from a series of rigid, long-term bilateral agreements to a dynamic, globalized commodity market. This course provides a deep dive into the commercial mechanisms that drive LNG trading, covering everything from supply-purchase agreements (SPAs) to spot market transactions. Participants will explore the unique physical properties of LNG and how the liquefaction, shipping, and regasification stages influence trading strategies and price formation.

A core focus of this training is the management of risk and flexibility within the LNG value chain. Attendees will examine different pricing benchmarks such as oil-indexation, Henry Hub, and JKM and learn how traders use hedging tools to manage exposure to price volatility. The course also details the operational complexities of LNG shipping, including boil-off gas management, vessel scheduling, and the role of portfolio players in optimizing cargo movements across different geographic basins.

Commercial operations in the LNG sector require a thorough understanding of the contractual frameworks that govern the industry. The curriculum covers the "rules of the game," including Take-or-Pay clauses, destination flexibility, and terminal access rights. By analyzing real-world trading scenarios and market trends, participants will gain the analytical skills needed to navigate the evolving LNG landscape, where energy security and the transition to lower-carbon fuels are reshaping commercial priorities.

COURSE OBJECTIVES:

After completion of this course, the participants will be able to:

• Explain the fundamental structure of the global LNG value chain.
• Analyze the differences between long term SPAs and spot market trading.
• Evaluate the primary LNG pricing benchmarks used in Asia, Europe, and the Americas.
• Understand the impact of "Destination Clauses" and their evolution in the market.
• Describe the operational logistics of LNG shipping and vessel chartering.
• Identify the risks associated with LNG trading, including price and credit risk.
• Explain the role of Portfolio Players and Aggregators in the market.
• Calculate the netback price for an LNG cargo across different markets.
• Understand the commercial impact of Boil Off Gas (BOG) during transit.
• Navigate the contractual requirements of "Take or Pay" and "Deliver or Pay" clauses.
• Assess the role of LNG in the global energy transition and carbon neutral cargoes.
• Manage the scheduling and optimization of LNG terminal slots.
• Utilize hedging instruments to mitigate financial exposure in LNG transactions.

TARGET AUDIENCE:

This course is designed for Commercial Managers, LNG Traders, Business Development Professionals, Gas Analysts, and Legal Staff involved in the LNG and natural gas sectors.

TRAINING COURSE METHODOLOGY:

A highly interactive combination of lectures, discussion sessions, and case studies will be employed to maximise the transfer of information, knowledge, and experience. The course will be intensive, practical, and highly interactive. The sessions will start by raising the most relevant questions and motivating everybody to find the right answers. The attendants will also be encouraged to raise more of their questions and to share in developing the right answers using their analysis and experience. There will also be some indoor experiential activities to enhance the learning experience. Course material will be provided in PowerPoint, with necessary animations, learning videos, and general discussions.

The course participants shall be evaluated before, during, and at the end of the course.

COURSE CERTIFICATE:

National Consultant Centre for Training LLC (NCC) will issue an Attendance Certificate to all participants completing a minimum of 80% of the total attendance time requirement.