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This course can be adapted to virtual classroom mode - Graduate Certificate

Gas & LNG Economics Certification

GCEG-EN-P
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Who should attend?

  • The certifying training is part of a professional career move to a post that requires in-depth knowledge of the economic and contractual stakes of the Gas & LNG chain.

Prerequisite :
  • Are allowed to take part to this certified training only applicants having:
  • a Master's degree or equivalent,
  • an engineering degree with a minimum of 2 years working experience,
  • a Bachelor's degree with minimum of 5 years working experience.
  • Applicants must provide proof validating these prerequisites.

Course Content

  • Module 1 - NATURAL GAS: TYPES, SPECIFICATIONS & PROCESSING TECHNOLOGIES

      • Fundamentals of natural gas composition, characteristics, production and field processing.
      • Technical issues and specific constraints of natural gas transport and storage.
      • Review of the various end-user markets available for valorizing natural gas.
      • Key natural gas chain economic issues.

  • Module 2 - UPSTREAM ECONOMICS & MANAGEMENT

      • Key issues and constraints in the contractual negotiations between host countries, NOCs and IOCs.
      • Overview and analysis of the different tax systems and contractual frameworks in existence.
      • Main contractual and fiscal clauses of E&P contracts.

  • Module 3 - GAS & LNG CHAIN ECONOMICS

      • Natural gas in the world energy balance, and the strategies of the main industry actors.
      • Outlets of natural gas and the new trends in gas and LNG industry.
      • Main technical, economic and contractual features of the natural gas value chain, from the production well to the final consumer.
      • Gas and LNG markets and their evolution (prices, hedging…).

  • Module 4 - CONTRACTUAL FRAMEWORK OF GAS & LNG MARKETING

      • Main articles of long-term natural gas and LNG agreements.
      • Key points of the commercial clauses.
      • The principles of natural gas pricing and transportation.
      • The technics of negotiation of master sale and purchase agreements.

  • Module 5 - LNG – RISKS, TECHNOLOGIES & OPERATIONS

      • The LNG chain: liquefaction, transport, storage, regasification.
      • Specific properties of LNG - cryogenics.
      • LNG risk control and environmental protection.
      • Liquefaction and revaporization processes.
      • Vessel specifications, operation and operations.
      • Regas terminals: storage, loading/unloading, regasification.
      • Operation of LNG facilities.
      • New LNG tendencies - Research and new developments: floating LNG, FSRU, small-scale, retail.

  • Module 6 - INVESTMENT PROFITABILITY STUDIES IN THE GAS INDUSTRY

      • Development of advanced computer models for the economic evaluation Gas projects.
      • Incorporation of specific financing plan through equity profitability analysis.
      • Analysis of the economic results and carry out sensitivity analysis.
      • Incorporation of the risk and uncertainty in the economic evaluation of Gas projects.

  • Module 7 - INVESTMENT & PROJECT MANAGEMENT ALONG THE GAS VALUE CHAIN

      • Preliminary studies, conceptual studies, EPC phase and project implementation plan.
      • Local content and sustainable development.
      • Phases of a gas project.
      • Detailed engineering of an LNG project and associated activities.
      • Technical contracts.
      • Project organization, governance, interface and communication management.
      • HSE management, quality and risks.
      • Project control: costs and planning.
      • Case studies.

Learning Objectives

  • Upon completion of the course, participants will be able to:
  • be aware of the components of the global gas scene,
  • specify the characteristics of natural gas and detail the natural gas chain,
  • be aware of the technical, operational and commercial conditions concerning shipping,
  • make investment profitability analysis in the gas sector,
  • identify the main clauses of gas and LNG agreements,
  • understand the operational responsibilities of the actors from the chain Front-to-Back.

Ways & Means

  • Quiz.
  • Case studies simulated on computers.
  • Exercises on contracts and simulation of negotiation.

Certification

  • An international recognition of your competencies.
  • A is delivered Graduate Certificate.
  • An expertise confirmed in Gas & LNG Economics .
  • Ready-to-use skills.
To French entities : IFP Training is referenced to DataDock ; you may contact your OPCO about potential funding.
Please contact our disabled persons referent to check the accessibility of this training program : referent.handicap@ifptraining.com