LNG Markets
January 22-23, 2024 | Live Streaming Online
A BankWebinars.com Program
Click Here to register $1295
If you are unable to attend at the scheduled date and time, we make recordings available to all registrants for three business days after the event
Growing US LNG Exports present opportunities for natural gas producers, overseas buyers, and investors. However, pricing LNG cargo and feed gas is anything but simple and filled with pitfalls. Market participants won’t realize those benefits without a solid understanding of US and global LNG markets.
This in-depth course will cover a wide range of topics including:
- LNG bilateral and spot market transactions
- Common indexes that price LNG cargo
- LNG Export Company Models and explain the pros and cons of each from the standpoint of buyers and investor
- Typical LNG Sales and Purchase Agreements
- Hedging LNG price volatility
- European and Asian LNG Markets and competition among US and other LNG Exporting Countries
This intensive course is a must for anyone whose job involves selling feed gas to US LNG Exporters, buying US LNG from LNG Exporting companies and investing in LNG Markets. Special group discounts are available, to train your whole team for as much as 40% off.
Learning Outcomes
- Review the common LNG benchmarks used to price US LNG
- Compare the LNG Export Models and how they affect US natural gas producers, pipelines, and LNG buyers
- Identify differences in the bilateral and spot LNG markets
- Compare the types of LNG Sales and Purchase Agreements
- Review how to hedge LNG price risk
- Discuss the roles of LNG Exporters and Portfolio Players
- Discuss the overall costs of LNG purchases
- Identify growth trends and how geopolitics and weather affect LNG prices
Agenda
MONDAY, JANUARY 22, 2024
9:00 a.m. – 5:00 p.m. Central Time
Overview of LNG Markets
- Global LNG Market Growth
- LNG Import and Export Markets
- Shipping
- ReExport
- LNG Bunkering
- Global LNG Trends
LNG Exports and Imports
- Countries receiving US LNG
- US LNG Exports and Prices
- Increased competition in the LNG Export Market
- Mexico’s entry into the LNG Export Market
- Competition from African and Russian LNG
Long-Term and Spot Markets
- Definitions
- Transparency
- Long-term Market Participants
- Spot markets
- Portfolio Players
- Pros and Cons
LNG Export Business Models
- Tolling Model
- Sales and Purchase Agreement Model
- Equity Model
- Roles and Responsibilities of Seller and Buyer
TUESDAY, JANUARY 23, 2024
9:00 a.m. – 3:00 p.m. Central Time
Pricing Global LNG Cargos
- Historic Pricing and Destination Clauses
- How the US has changed the global LNG market
- Pricing Mechanisms of Global LNG Markets
- Oil-based Benchmarks
- Price Assessments and Swaps
- Pricing Mechanisms for Small Quantiles of US LNG
Anatomy of NYMEX Henry Hub, TTF, NBP, and JKM
- Why Futures Contracts are popular
- Transparency and liquidity
- Who buys and sells futures
- Who regulates future markets in the US, UK and EU
Buying and Transporting Gas to US LNG Export Terminals
- When you have to buy natural gas
- How US natural gas is priced
- Daily and Bidweek Markets
- Pipeline Transportation and Costs
- Firm Transportation
- Interruptible Transportation
- The role of Natural Gas Markets
Question and Answer Session
Instructor
Tom Russo, President, Russo on Energy
Tom Russo is a natural gas and LNG expert who understands how natural gas and LNG markets work. He founded Russo on Energy LLC, which provides training, strategic/tactical and regulatory advice to natural gas and electric companies and hydropower developers. Before founding Russo on Energy LLC in 2015, Mr. Russo worked for over 30 years as a Manager and Sr. Energy Industry Analyst at the Federal Energy Regulatory Commission (FERC).
He holds an MS in Biology from the University of Alabama, an MBA in Finance from George Washington University, and a BS in Biology from the University of West Florida.
Mr. Russo is also an Adjunct Professor at George Washington University’s Elliott School of International Affairs. He teaches Global Energy Markets, International Energy & Environmental Regulations, Global Energy Security, and Global Electricity Markets to undergraduate and graduate students. He has published over 30 papers on energy in the last ten years.
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