An Interactive 5-Day Training Course
LNG Shipping Economics & Freight Cost Calculations
An advanced vision for LNG trading as the most important commodity for the next decade
Course Overview
Liquefied Natural Gas (LNG) is poised to be a key commodity for global trade in the future, given its status as one of the cleanest fossil fuels. Industry experts play significant roles in managing LNG agreements and shaping the future of the LNG shipping industry. The GLOMACS training course aims to equip professionals with best practices for handling short- and long-term LNG contracts. This course will cover pricing, contract negotiation, technical and market fundamentals, and future trends in the LNG and shipping sectors.
The goals of this training course include understanding the LNG shipping industry value chain, terminal types and facilities, applicable rules and regulations, and key components of the LNG chain. Participants will also gain skills in LNG contract management, negotiation, and the assessment of supply and demand balance. The course will benefit professionals such as LNG commercial managers, vessel negotiators, project managers, engineers, legal advisors, and other key roles within the industry.
The training course is delivered through an engaging and interactive combination of lectures, discussions, case studies, and simulations. Organizational impacts of the course include strengthening technical, operational, shipping, commercial, and governance aspects of the LNG industry. On a personal level, participants will enhance their professional competencies, gain insight into industry-accepted standards and benchmarks, and increase their capabilities for assuming higher roles. The daily agenda consists of topics ranging from an overview of the LNG business and the legal framework to methodologies for estimating medium-term LNG freight rates.
Training Outline
DAY 1 to DAY 5:
- Overview of LNG Business
- What is LNG?
- LNG Terminal Types, Facility and infrastructure
- Introduction to LNG Business Best Practices
- LNG Applicable Rules, Regulations, Codes and Standards
- LNG Trading Legal System and Contractual Laws
- LNG Contracts: Fundamental’s elements
- Elements in a Purchase and Sale Agreement
- Challenges in LNG Contracts
- Remedies for breach of contract
- LNG as A Commercial, Domestic Fuel Source for Industry
- LNG Supply and Demand Balance
- LNG and Domestic Gas Value Chains
- Structuring an LNG Project
- Oil Indexed Price Formula
- LNG Sale and Purchase Agreement
- Financing an LNG Export Project
- Risk Management and LNG Business
- LNG Flow Measurement, Custody Transfer & FSRU Operation
- Custody Transfer Requirements
- Applications of Flowmeters
- Proving Systems (Direct, Indirect, Master Meter, Volume, Displacement)
- Flow Computers and Communication
- Temperature and Pressure Measurements
- FSRU- The vital component in LNG
- Global FSRU Fleet
- Methodology to Estimate Medium-Term LNG Freight Rates
- The Difference Between the demand for LNG transport & the supply of LNG transport
- Geographic Distribute LNG molecule supply and demand
- Average freight rates by propulsion technologies
- Calculation of shipping demand and Supply
- Determination of the price equilibrium and freight rates
Certificates
- On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
- Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Accreditation
GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
Providers and Associations
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
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