Stay Ahead in the LNG Business with Infocus International Comprehensive Online Course
Stay Ahead in the LNG Business with Infocus International's Comprehensive Online Course
(firmenpresse) - Singapore, May 4, 2023 - (ACN Newswire) - Infocus International Group has announced the new date for the best rated LNG Supply, Demand, Pricing & Trading online training, which will be commencing live on the 12th September 2023.
The LNG business is changing in response to the impact of the Covid-19 crisis, Russia's invasion of Ukraine and 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 has 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 replace the reduction in pipeline gas supply from Russia, which had been the region's largest sources of natural gas imports. In the longer-term, 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.
LNG supply and demand in 2022 increased by 5.5% (20.6 mt), similar to the 18 mt (5.1%) increase in 2021. It took total global activity to 394 mt. However, the global outcome does not tell the full story as the major switch in trade flows with Europe's imports increasing by 46 mt (60.5%) in 2022 while Asia, which had been the main source of import growth, saw a decline of 18 mt (6.7%) led by China where they fell by 15.5 mt (19.5). However, market prices in Europe and Asia have been volatile hitting record low of $2/MMBtu in 2020 as demand fell because of Covid-19 but soaring to $70/MMBtu in 2022 as buyers competed to secure scarce supply. Spot charter rates for LNG ships have similarly varied over a wide range since 2019.
But what is the outlook for the business? Will the turmoil of the last 3 years continue or will the commissioning of the 170 mtpa of capacity under construction in April 2023 lead to a more balanced market and prices varying over a narrower range that we have seen recently? 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 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.
"Excellent overview of the LNG industry end-to-end. I would highly recommend to anyone wanting to learn about the industry," shared by a past attendee from Murphy Exploration and Production.
"The trainer was very clear and the content was communicated very well with many examples and was really very topical. I learned a lot during these sessions and will pass this on," shared by another past attendee from Aquaelectra
A past attendee from Ministry of Petroleum shared, "Good, interesting and useful for my place of work. Taking into account an LNG plant that is being built in my country."
Check out the LNG online course new agenda at www.infocusinternational.com/lng-online.
Course Sessions
LNG value chain in 2023
Safety, shipping and current status of the LNG business
LNG markets and terminals
LNG shipping and supply
Acquiring LNG supply and LNG pricing
LNG contracts and LNG spot and short-term trading
Benefits of Attending
Understand LNG chain technologies, costs, economics and safety
Appreciate how the LNG business is changing and the implications for those working in the business
Gain insights into LNG pricing and how it is evolving
Acquire in-depth knowledge of world LNG markets and supply sources
Assess the increasing role of spot and short-term trading
Want to learn more?
Simply email esther(at)infocusevent.com or call +65 6325 0210 to obtain your FREE COPY of the event brochure. For more information, please visit www.infocusinternational.com/lng-online
About Infocus International Group
Infocus International is a global business intelligence provider of strategic information and professional services for diverse business communities. We recognise clients' needs and responds with innovative and result oriented programmes. All products are founded on high value content in diverse subject areas, and the highest level of quality is ensured through intensive and in-depth market research from local and international insights. For more information: www.infocusinternational.com
Unternehmensinformation / Kurzprofil:
Datum: 05.05.2023 - 16:33 Uhr
Sprache: Deutsch
News-ID 683048
Anzahl Zeichen: 5161
contact information:
Town:
Singapore
Kategorie:
Tradeshows
Typ of Press Release: Cooperation
type of sending: don't
Diese Pressemitteilung wurde bisher 123 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Stay Ahead in the LNG Business with Infocus International Comprehensive Online Course"
steht unter der journalistisch-redaktionellen Verantwortung von
Infocus International Group (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
