LPG - Supply, Economics, Markets and International Trading
Course
In London, Uk
Description
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Type
Course
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Location
London, uk
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Duration
5 Days
Suitable for: Delegates encouraged to attend include commercial, operations and marketing staff, planners, economists and government officials. The course is also of value to managers or potential managers, new entrants to the business, or those transferring from other energy sectors.
Facilities
Location
Start date
Start date
Reviews
Course programme
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
- Sources and production of LPG internationally; demand by region/country and end use sector; ne- regional production,
LPG - Supply, Economics, Markets and International Trading