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LNG pricing, trading and risk exposure when hedging in a volatile market
Pre-conference masterclass | 31 May 2010 | 9am-5pm
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An intensive one day in depth masterclass which will give you the cutting-edge knowledge needed in today’s complex LNG market. For the executive in this sector, the course will increase your expertise in the LNG market covering every aspect of LNG risk exposures and optional values related to both LNG Porfolio Managers and SPA Negotiators activities, highlighting their impacts on physical and contractual optimization.
The facilitators will comment on optimum day to day cooperation between financial Structurers and physical Portfolio Managers, during contracts negotiation, at initial implementation and all along maturity life until delivery.
Agenda:
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Physical LNG supply chain and sales/purchase contracts risk exposure analysis,
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Associated solutions to optimise portfolio EBITDA and contract margins; physical risks contingent structure and market price risk delay for tenders,
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Added value to final customer, supplier or off taker of embedding derivatives in SPA contracts
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Design of a risk policy and associated limits and tool kits,
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Implementation of a hedging program, based on market intelligence and agreed policy,
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Dynamic risk/reward improvement of initial structure, leveraging on market opportunities and lift of FM risk
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Physical assets and contractual flexibilities valuation at market price (diversion options/ exchange slots parity etc…)
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Impact on SPA negotiation and support to negotiators
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Moving from integrated LNg supply portfolio to a flexible portfolio through market modelisation and optimization
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Case study analysis
Who should attend:
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Energy Regulators
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Utilities (Energy companies)
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Energy Traders
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End users (Financial and procurement professionals)
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Banks & financial institutions
Masterclass Facilitators:

Eric Robial, Head of Sales & Marketing, Gaselys, France
Eric has been working in the energy sector since 1984, when he first joined Electricité de France and Gaz de France Distribution Division. He has had various marketing, operating and technical managing assignments for EDFGDF both in France and overseas, in Russia and the US. In 1999, he joined a GDF/TXU trading and marketing JV based on TXU trading floor in Dallas Texas, offering hedging solutions to GDF affiliate industrial customers in Mexico . Since 2002, he has joined GDFSuez/Societé Générale JV trading affiliate Gaselys based in Paris, first as senior marketer dedicated to internal origination and eventually as Chief Commercial officer. Eric Robial will open Gaselys’ Representation in Singapore, by second quarter of 2010. Eric has a Master of sciences and a license degree in Business administration.

Sébastien Delannoy, Head of LNG -Director, Gaselys, France
Sébastien has been working in the energy sector since 1998, when he first joined Dalkia International Division to assess the merchant value of power plants in newly deregulated European markets. After an experience of key account manager selling power to European eligible consumers with Endesa, he has joined since 2002 GDFSuez/Societé Générale JV trading affiliate Gaselys based in Paris, first as a senior originator to develop the power risk management franchise of the company and then as a senior structurer to deal with merchant flexibilities linked to physical assets such as power plants or gas storages. He is now Head of LNG Solutions in charge of structuring and implementing risk management and optimization solutions to the LNG supply chain for both GDF Suez LNG Division and Third Parties. Sébastien has a Master of sciences and a 1st degree of Doctorate in Industrial Economics
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Negotiating LNG sales and purchase agreements – Managing risks in the SPA
Post-conference workshop | 3 June 2010 | 9am-5pm
This advanced one-day course aims to provide an express training on identifying latest crucial development in LNG Sales & Purchase agreements as well as strategies in managing important risks in the LNG business. Its primary focus is the Pacific Basin where most Asian LNG is traded, but it also looks at other important regions that impact on the Asian LNG Market.
Course outline
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Insight into the way in which buyers and sellers view and negotiate contract and understand the details of the terms that are important to them and what their objectives should be
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The contractual chain; the complexity of multi-party contracts that are the heart of most gas projects
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Pricing strategies and incorporating price volatility into contractual agreement
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LNG Regasifi cation and Gas Transportation agreements: How regasification and transportation risks have to be handled and apportioned
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Counter-party risks throughout the contractual chain
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Market risk: The commercial balance that defines who bears Take or Pay Risk
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Price risk and the mechanics of price indexation
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The risk matrix – a technique for risk assessment
Who should attend:
All those involved in LNG import and in Gas/LNG production, purchase, transportation and sales, including:
• Oil & gas companies
• Financial institutions
• LNG suppliers and importers
• Legal advisors
• Utilities
• Market Regulators and import authorities
• Traders and Brokers
• LNG shippers and service providers
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LNG as a Vehicle Fuel
Training course A | 1-2 June 2010 | 9am-5pm
A New Dimension & New Markets For LNG
Liquefied Natural Gas (LNG) is capturing wider attention worldwide as countries continue to focus on energy security through diversity of supply, improving the environment and economics. LNG is providing a clean, economic alternative to diesel in the heavy duty trucking industry, in port facility vehicles, and increasingly in marine and rail applications. The current level of global trade in LNG is anticipated to nearly double by 2020 and, potentially, triple by 2030 and beyond, so the market for liquefied natural gas vehicles (L-NGVs) should strengthen concurrently as more countries incorporate LNG into their energy strategies. The cryogenic upgrading of renewable biogas into liquefied biomethane as a high grade fuel for vehicles is yet another creative application that can help reduce the well-to-wheel CO2 emissions over heavy duty diesel vehicles by 100% or more.
While the vehicle market may be small compared to more traditional LNG markets, L-NGVs offer a new diversity in the transportation sector, to compliment compressed natural gas (CNG) as more countries look to cleaner alternatives and more secure supplies of energy than the current petroleum – petrol and diesel.
Course Background:
This course presents an opportunity for participants to identify and explore the most important technology and marketing issues for liquefied natural gas vehicles (L-NGVs) and renewable liquefied biogas (so-called LBG). It provides an overview of LNG fundamentals as a vehicle fuel for on-road transportation as well as non-road vehicles, including marine and railway applications. The course includes information about the complete L-NGV ‘system’ from the fuelling infrastructure technology to the vehicle tailpipe. It also explains the international framework of codes and standards related to L-NGVs, fuelling systems, and safety, one of the building blocks to smooth the commercial pathway for L-NGVs to achieve world-wide sustainability.
Specific topics that will be covered are:
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Natural gas as a vehicle fuel: world overview of technology, marketing & politics & how L-NGVs fit into the overall framework of NGVs
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Brief history/background to LNG as a vehicle fuel, including road, marine, rail and air transport;
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Cryogenic gases & properties compared to other fuels
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LNG fuelling infrastructure technology , including delivery, storage, dispensing and metering and safety concerns as a vehicle fuel.
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LNG technology for vehicles:- Mono fuel and dual fuel applications;
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Worldwide overview of L-NGV and LNG fuelling station standards and regulations
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Innovative technologies such as small scale liquefaction and liquefied-to-compressed natural gas (L-CNG) fuelling operations.
Who should attend:
Marketing and technical specialists who want to understand a new and growing dimension of LNG applications as a clean transportation energy as well as its potential as a renewable energy source made from biogas will want to participate in this broad but intensive two day experience. Executives interested in new visions of LNG markets also will benefit from knowing more about L-NGV fundamentals, technology, economics and markets.
Course facilitators:
Dr. Jeffrey M. Seisler is the Chief Executive Officer (CEO) of Clean Fuels Consulting with offices in Brussels, Belgium and Washington, D.C. Clean Fuels Consulting is a private company whose mission is to facilitate the commercialization of clean fuels and technologies, doing lobbying, analysis, communications, training and workshop development. He also is the Commercial Director of the Clean Vehicle Training Institute, founded in Brussels and the Netherlands.
Dr. Seisler was the founding Executive Director of the European Natural Gas Vehicle Association (ENGVA) based in the Netherlands starting in July 1994 through September 2007. He was the founding Executive Director of the Natural Gas Vehicle Coalition (NGVC) in Washington, D.C. starting in August 1988 until July 1994 when he left for Europe to start up ENGVA. He was one of the founders of the IANGV in 1986, served as its president from 1998-2002, and was an active member of the Executive Committee from 1990-2008.
Dr. Seisler has been active with energy, environment, alternative fuels and new technology commercialisation issues since 1976. He has authored several hundred articles and monographs on a wide variety of energy-related topics for newspapers, magazines and journals worldwide.
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LNG Supply Chain Management
Training course B | 1-2 June 2010 | 9am-5pm
Course background
The LNG business is expected to double or even triple in size over the next decade. Whilst one could regard the first 40 years as a period of gradual evolution we are currently going through a period of revolutionary change. The LNG business of 2015 will look very different from the LNG business in 2005.
The course will provide a full overview of the business showing how it has evolved, the technology, the drivers, the markets, commercial metrics and the players. It will then focus on the modern business and show how and why it is changing and what it may look like by 2020.
Specific topics that will be covered are:
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Scene setter - A brief history of LNG, the first 40 years
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Why LNG – its attraction to a gas producer, where it fits in a gas buyers portfolio
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What is LNG - quality characteristics?
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How it is produced – the principles and technology
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Where is it produced – an overview and snapshots of some specific projects
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How is it transported – containment systems both afloat and onshore
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The changing carrier fleet from Q Max to local shuttle
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LNG receiving terminal technology – traditional to floating regasification.
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Who and where are the buyers?
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How is LNG being used – power, city gas, transportation fuel, chemicals.
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Key agreements and contracts – how contracts price formulas and contract terms are evolving
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The numbers – costs and prices
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What is the spot market? What is its role, how does it work.
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Who are the players in the industry, who are they and how are they structured.
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Regional issues and developments – Asia, Europe and the Americas
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Agents for change – e.g.: floating regasification, floating liquefaction & CBM to LNG – what are these, what technology is involved and why are they so significant
Who should attend:
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New entrants into the business
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Senior managers taking over responsibility in this area
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Commercial staff who wish to have a better understanding of technology and vice versa
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Service providers (bankers, lawyers, technology providers, engineering contractors & shipyards) wishing to have a good understanding of the business and its dynamics
Course facilitators:
Tony Regan
Tony is the Principal Consultant with Tri-Zen International Pte Ltd a Singapore based energy consultancy providing technical, commercial & financial advisory services to the oil, gas, chemicals and power sectors in Asia Pacific. Tony focuses on natural gas, LNG and CBM.
Tony has extensive international oil and gas experience, much of it gained during 25 years with Shell International and more recently with Nexant where he was a Principal responsible for their gas practice in Asia. With Shell he developed several new businesses and held senior management positions in Europe and Asia. He was first introduced to the world of LNG in the early 1990’s when he held the position of Vice President, Energy with Shell Korea and arranged the first spot cargoes of LNG into Korea from Australia and Brunei and facilitated discussions that led to KOGAS becoming a lead customer in Oman LNG. With Nexant he led the team providing LNG technical and commercial advisory services to PowerGas, the developers of the Singapore LNG receiving terminal. Tony has been an oil and gas consultant since 1998 and is a frequent speaker at conferences and on TV.
Simon Newton
Simon is a Chartered Engineer with an honours degree in Chemical Engineering from Cambridge University and an MBA from INSEAD. Simon has been involved in energy infrastructure projects since 1995 and has significant experience in a wide range of upstream and downstream projects.
Simon is currently Director of Asia for Energy & Power where he overseas regional business development and is involved in a range of activities from commercialising LNG technologies to technical, economic and risk evaluations for onshore and offshore projects.
Prior to Energy and Power Simon held senior process engineering positions with Bechtel, Foster Wheeler, and MW Kellogg involved in leading the design for a variety of projects from gas treatment to LNG and Gas to liquids systems.
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LNG Plants – Safety and Standards
Training course C | 1-2 June 2010 | 9am-5pm
LNG is a dangerous and extremely low-temperature liquid at -162 degrees Celsius, which has unique properties. Special knowledge and know-how are required to handle and manage LNG safety at high level in both operation and maintenance. This training course aims to deal with the properties of LNG and the key factors relating to safety in its production and storage. It shall also cover commonly used standards governing the LNG plants and techniques that can be used to identify and mitigate risks. This will be a practical course and adopts a checklist approach to ensure that you go back to your plants with action items and specific checklist to ensure the safety of your LNG Plants.
Agenda:
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Background
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Review of industry standards
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Safety Requirements
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Primary containment
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Secondary containment
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Safeguard systems
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Separation distance
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Review of LNG properties and potential hazards
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Handling and safety issues and strategies at every stage of LNG Supply Chain
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Case studies of LNG accidents and safety measures
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Action points and checklist to ensure LNG handling and safety
Who should attend
Technical, operations and HSE heads and specialists of LNG facilities who are responsible for the day to day operations and maintenance of the plant.
Course facilitator
Brenda is a specialist in cryogenic plant, having over thirty years of experience in gas plant design, construction, commissioning, troubleshooting, operation, and maintenance with a strong focus on the safety, risk and environmental issues related to gas production, storage and use. She has worked on projects in many parts of the world including the United Kingdom, Ireland, Sweden, Brazil, Hong Kong, China, Thailand, Malaysia and Singapore.
Brenda currently works in the oil, gas and energy sectors as an engineering and safety consultant in the areas of process design, process safety management, risk assessment, risk mitigation, engineering audit, operational efficiency and crisis and emergency management. She is a highly respected HAZOP study Chairman. Much of her recent work has centred on the safe design and operation of small-scale liquefaction plants, often using waste streams as the feed gas.
Brenda graduated in Chemical Engineering from Imperial College, London. She is a Board Member and Chairman of the Technical Committee of the Asia Pacific Natural Gas Vehicle Association (ANGVA) and a member of the ISO Working Group for Cryogenic tank design.
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silver sponsor
masterclass sponsor

associate sponsor

Frederic Barnaud
President and Managing Director
Gazprom Global LNG
Brian Buckley
CEO
Oman LNG
Atsunori Takeuchi
Senior Vice President, LNG Asia Pacific
Tokyo Gas
Ric Frasse
Executive Vice President
GS Caltex Corporation
Rudolf Huber
Head of Business Development
EconGas GmbH
Joshua R. Kalinoe
Executive Director & CEO
Petromin
Shaun Scott
CEO
Arrow Energy
Axel Wietfeld
Vice President Group Energy Projects
E.ON Ruhrgas AG (Middle East)
Rod Duke
Project Director
Energy Market Authority
John Pexton
Deputy CEO
Fortune Oil
Wijnand van Eck
Head of Oil and Gas
Sumitomo Mitsui Banking Corporation
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