Natural Gas Dynamics
online course on the international Natural Gas and LNG industry
Over 4 hours of updated video presentations
Why take this course?
In a space of a few hours, you will be taken on a journey from the basics of natural gas & LNG through to contemporary issues facing the industry, including unconventional gas, pricing, project models, and floating assets, and global trade.
This course has been taken by hundreds of satisfied professionals from all over the world coming from varied backgrounds.
Pricing US$129 for all modules - unlimited access for 45 days.
FREE for students.
If you are not completely satisfied, I will return your registration fees!
Course Outline
Module #1: Gas and LNG Basics
Module 1 (of 6) introduces the exciting world of natural gas, followed by discussion of the chemical and physical properties of natural gas components (methane, Natural Gas Liquids). Module 1 also decodes the mystery of gas units, and ends with an introduction to the gas chain, briefly evaluating pipeline versus LNG transport options.
Module #2 : Conventional and Unconventional Gas
Module 2 (of 6) begins with a brief discussion of how natural gas is found and characteristics of reservoir rocks. The focus of the module is the difference between Conventional and Unconventional gas resources. The focus of the unconventional gas discussion is shale gas and coal bed methane. The module ends with a discussion on whether (or not) the United States shale gas experience can be repeated in other countries.
Module #3 : LNG Value Chain
Module 3 (of 6) is focused on the LNG chain. The section begins with a discussion on the liquefaction temperatures of natural gas components, The capital expense of each aspect of the LNG chain are then presented followed by sections on each component of the chain (liquefaction, shipping, regasification). Advantages and disadvantages of emerging technologies such as floating liquefaction and floating regasification are also introduced. The module ends with a discussion on LNG project risks and success factors.
Module #4 : Pricing and Contracts
Module 4 (of 6) begins with an overview of global gas pricing models, and how in some regions, such as Europe, the model has changed dramatically in a short period of time. The section also discusses the famous LNG 'S' curve pricing formula as well as its main negotiated items (slope and constant). The pricing section ends with a comparison of the 'S' curve with the US 'hub price + costs' model. The rest of the module covers gas and LNG sales agreements, introducing concepts such as Term, Take-or-Pay, and Price Review. The module concludes with a discussion of LNG project economic models, comparing the traditional integrated model with the US tolling model.
Module #5 : LNG Demand and Supply – focus on Asia and US
This module will discuss global LNG demand and supply, with focus on the increasingly important Asian market and US supply. There will be discussion about Indonesian declining domestic production (as a proxy for many other gas producing nations and regions such as Europe), drivers for growth in Chinese market. The lack of export project sanctions over the past few years, plus a detailed evaluation of delivered LNG prices comparing US and ‘traditional’ suppliers will complete this important module.
Module #6 : Global Gas Dynamics
Module 6 (of 6) is the final module of the course. The module begins with a discussion on the environmental benefits of natural gas, the growing resemblance of natural gas markets to other commodities, and discussion of the key factors sought by LNG customers. The course will conclude with a high-level discussion of future LNG supply sources, growing LNG demand from emerging markets, and the role of floating regasification units in opening up new markets.
Instructor
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Vivek Chandra
Dr. Vivek Chandra’s extensive ~40 years international global gas experience includes roles in both large and small energy companies as well as government organizations. He has worked on commercial matters with LNG import, LNG export, as well as gas pipeline export projects. He is the author of Fundamentals of Natural Gas: An International Perspective, a bestselling hardcover book published by Pennwell. The second edition of the hardcover book was published in March 2017. He has taught the popular Natural Gas Dynamics seminar, held over 30 times around the world and offered online, and has developed apps for the LNG industry. The online version of the course has been viewed by over 350 students and professionals.
Vivek Chandra is also the CEO and Founder of Gulfstream LNG, a 4 MTPA LNG export project under development in Southern Louisiana. The project is currently going through the US Federal and State permitting processes.
Dr. Chandra was previously the CEO and Founder of Texas LNG, a 4 MTPA LNG export project in South Texas, USA, to be built in two 2 MTA phases on a 625 acre deepwater frontage site. The Texas LNG project is in the formal application phase of the US Government Federal Energy Regulatory Commission (FERC) permitting process. The project has attracted funding from a major US investment fund and is expected reach Final Investment Decision in late 2025.
Dr. Chandra holds a BSc. degree in Geophysical Engineering from the Colorado School of Mines, a MSc. in Petroleum Energy Management and Policy from the University of Pennsylvania, a Diplome D'Ingenieur in Petroleum Economics from the French Petroleum Institute (IFP), a Masters in Commercial Law from Deakin University, Australia, and a PhD in International Law with research on Maritime Boundaries from Deakin University, Australia.
email: [email protected]
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