LNG 101 - The Foundations of Liquefied Natural Gas
What you'll learn
- Obtaining an overview of the main technical, engineering, project management, and commercial aspects of the LNG value chain
- Understanding LNG's key properties and components of the LNG value chain
- Gaining insights into the main building blocks of an LNG plant and their functions
- Outlining key elements of construction and contracting strategies for LNG projects
- Understanding core aspects of LNG vessel classifications and shipping costs
- Evaluating LNG pricing formulas and their economic implications
- Understanding dimensions of LNG value chain risk and risk management approaches
Requirements
- The course starts with the Basics of Natural Gas and LNG, and quickly ramps from there.
- Basic understanding of hydrocarbons and project management helpful, but not required.
- Basic understanding of commodity pricing and trading helpful, but not required.
Description
LNG is the fastest-growing segment of the global oil & gas industry. It has recently moved from niche topic to being front-page news. Like all large energy sources, Liquefied Natural Gas is not without controversy. But no one can deny the impact of LNG on energy security, affordability and sustainability, whether assessed as good or bad.
This course provides you with the broad introduction needed to build solid foundational knowledge on Liquefied Natural Gas (LNG). It provides you with a big-picture overview, whether your background is in Business, Mechanical Engineering, Chemical Engineering, Petroleum Engineering or other disciplines.
It delivers insights into four critical questions:
What is LNG, and what are the key components of the LNG value chain?
How does an LNG plant work, and what are the key choices regarding technology, construction, and contracting strategy for a new project?
What defines LNG market dynamics - who are the main suppliers and customers, and how is LNG priced and traded?
What drives LNG economics, and how are key risks managed?
With the knowledge gained from this course, you will be well positioned to make better sense of LNG developments and to move into more advanced topics.
Thus whether you work in industry or academia, whether you are an investor or a journalist, or a graduate about to enter the job market - if you are looking for a broad yet efficient introduction into Liquefied Natural Gas, this course is for you.
The course will be periodically updated to add and improve content. Key updates include:
2024-07: Correction of auto-generated captions
2024-07: New lecture on Regasification, and associated Quiz question
2024-07: Re-recorded Regasification lecture to fix audio issues
2024-07: New lectures on the Primary Energy Fallacy, and associated quiz question
2024-09: New lecture on Sunk Cost Economics
2025-03: Expanded quizzes
Who this course is for:
- Investors analyzing LNG opportunities.
- Energy Executives seeking a broad overview of LNG value chain opportunities and challenges.
- Project Practitioners who want to build strong foundational knowledge on LNG.
- Graduates interested in joining the LNG industry.
- Journalists requiring basic understanding for their reporting on LNG.
Instructor
- 4.5 Instructor Rating
- 222 Reviews
- 646 Students
- 3 Courses
Arder Energy provides electricity solutions to industry, with a focus on Western Canada. We have deep roots in the LNG industry, which enables us to deliver cross-commodity insights, spanning both the LNG and electricity sectors.
Via Udemy, we deliver knowledge that is best suited for online learning - foundational skills that build a solid base for more complex insights.