Tailored for oil and gas industry professionals across technical, financial, and operational backgrounds, LNG: Markets and Value Chains is designed for all skill levels—from those seeking a clear foundational overview of how LNG markets and value chains function to experienced practitioners aiming to master advanced commercial nuances.

Because LNG is a unique physical delivery state of natural gas rather than a standalone commodity, it is frequently misunderstood—a knowledge gap that routinely leads to expensive commercial and strategic mistakes. While addressing technical foundations at an accessible, high level, the curriculum focuses primarily on the commercial value chain. Course participants explore global supply-demand dynamics, project competitiveness, joint venture governance, derivative risk hedging, and the mechanics of the three distinct, non-converging pricing regimes: crude-oil indexing, US-style tolling, and spot price benchmarks.

By completing this course, course participants acquire practical commercial skills to evaluate global opportunities and navigate value-chain risks effectively. Through real-world scenarios and hands-on exercises, learners examine gas unit conversions, netback margin analysis, tolling economics, and the negotiation of crucial Sale & Purchase Agreement (SPA) terms—including Take-or-Pay obligations, Annual Delivery Plan (ADP) scheduling, and price review triggers. Ultimately, course participants emerge with a better intuitive understanding of the global LNG business, equipped to test financial models, avoid costly commercial errors, and structure more resilient, profitable strategies.