LPG - Supply, Economics, Markets and International Trading

Course Summary
LPG - the by-product multifarious fuel and feedstock . The course provides an intensive, wide-ranging knowledge based decision support workshop for business professionals operating in the world of LPG. It is presented in association with Richardson Lawrie Associates – an international consulting company specialising in the oil, gas and petrochemical sectors and a highly experienced team working in trading, markets, pricing, shipping and contracts.The course is heavily case study oriented with opportunities to work on value chains through alternative business strategies and disposal options, assessing market values, shipping economics and a trading game.
Please note: a laptop and up-to-date version of Office would be an advantage in order to engage in market data; however it is not essential.
What you will learn

• Market fundamentals - where does LPG sit within the oil and gas sector
  
• Price determinants - do chemicals still provide the price floor?
  
• The effect of new supply sources and pricing structures on international trade
  
• Trading methods, contractual practices
  
• Shipping contracts and economics - where does it fit and what influences rate developments
  
  Production and Consumption Fundamentals, Pricing
  
  
  
  • Sources and production of LPG internationally; demand by region/country and end use sector; ne- regional production,
    
  • Downstream markets
    
  • Pricing influences, competing fuels
    
  
  The LPG: Value Chain
  
  
  
  • Characteristics, extracting value,
    
  • Inbound and outbound logistics
    
  • Procurement
    
  • Infrastructure
    
  
  LPG in Petrochemicals Around the World
  
  
  
  • Demand for LPG as a petrochemicals feedstock, the impact of the chemicals sector on pricing, pricing versus other feedstocks
    Price Assessments
    
  • The approach to determining daily quoted prices
    
  • Problems and issues
    
  
  International Trade and Shipping
  
  
  
  • International trade developments
    
  • Shipping supply and demand
    
  • The structure of the shipping sector, who does what;
    
  • Rate determinants
    
  • Commercial contract decisions and economics
    
  
  Commodity Sale and Purchase Contracts
  
  
  
  • Incorporated and express terms
    
  • Practical suggestions
    
  • Contracts in a typical trade
    
  • 
    LPG Trading in Practice
    
  • Trading strategies and tactics
    
  • Using posted prices and indices
    
  • Selling and buying in varying market circumstances
    
  
  Price Risk Management - Paper Instruments
  
  
  
  • Futures, forwards, swaps and options
    
  • Hedgers and speculators
    
  • Brokers and exchanges