LNG: Supply, Demand, Pricing and Trading

The LNG business is changing in response to the impact of the COVID-19 crisis, Russia’s invasion of Ukraine, and the energy transition. As the world economy recovers from COVID-19, the demand for natural gas and LNG is growing but delays in taking a Final Investment Decision (FID) on new liquefaction projects and in the progress of capacity under construction since 2020 have slowed the expected increase in supply over the next 3 or 4 years. Russia’s invasion of Ukraine has boosted LNG demand as Europe turns to LNG to replace the reduction in pipeline gas supply from Russia, which had been the region’s largest source of natural gas imports. In the longer term, the energy transition is putting pressure on all parts of the LNG chain to reduce emissions and is leaving buyers of LNG uncertain whether to enter into new long-term contracts, which in many cases requires the commitment to supply well into the 2040s when many countries will be moving to net-zero emissions if they are to meet targets they are setting.

The online course will, over 6 sessions, try to answer these questions. It will focus on commercial issues, but technology and shipping will also be covered. It will consider the outlook for the business over the period to 2040 in terms of markets, sources of supply, pricing and trading, and the response to energy transition. It is designed not only for newcomers to LNG but also for those who want to refresh their knowledge or who have experience in one part of the business or one region and want to widen their knowledge.