Overview

LNG Size Drop2.png

Natural gas is clean, cheap, efficient and since unconventional... abundant
Basically 3 types of LNG projects: Major export, import/regasification and small scale
- We will focus on major export projects, although many issues similar for all 3
Major export projects are about stranded gas looking for a market
The global export business is straight forward and concise
- LNG liquefaction plants are just enormous refrigerators (like your air conditioner)
- There are only 33 sites globally, which you will be expected to know
Unfortunately, the global export business is also high cost, low margin and challenging
- Billions are spent years ahead of any income
- Many stakeholders, sometimes with competing objectives, make it challenging
All export projects are technically extreme, engineering marvel "Mega-Projects"
Stakeholder alignment is equally challenging and requires a symphony of agreements

LNG is good!
LNG allows natural gas to be global and contributes to increasing global prosperity

LNG Business Structure and Current State

Learning objectives

This week, our activities, content, and assignments will help you do the following:

Describe the key attributes of LNG, including what makes it a clean and relatively safe fuel
Apply appropriate units and conversion factors through the value chain
Distinguish the export project portion of the LNG business and its extreme nature