- Fundamentals of LPG Markets
The full day course is designed for anyone requiring a thorough overview of the global markets and infrastructure for liquid petroleum gases. Course attendees have diverse backgrounds, but typical participants include business development managers for midstream companies, natural gas liquids traders and shippers, high-level managers assuming commercial responsibility for natural gas liquids, project managers for NGL infrastructure projects, business analysts for petrochemical, petroleum and natural gas companies, and new professionals entering the NGL industry.
- Introduction to Basics of Waterborne LPG Shipping
US LPG exports are increasing, thus giving cause for additional LPG carriers, and changing the established trade routes. Meanwhile, Middle Eastern and Mediterranean output is also on the rise, causing a shift in the global trade balances. Market participants have an increasing need to understand the logistics and dynamics of the changes that are rapidly occurring. For example, will there be a sufficient number of vessels? Will there be too many? Will terminal capacity become a hindrance to global trade? How will freight costs be affected? This full day course will explore all of these points.
- Use of Naphtha and NGLs as Olefins Feedstock
This full day workshop will begin with a discussion of the significant end use applications for the major olefins feedstocks, including both chemical and non-chemical competition. It will include coverage of industry jargon and definitions, and other basic information about olefins feedstocks. This course will also have a high level discussion of feedstock economics for the main consuming processes and end uses, as well as the basics of feedstock market valuation and pricing.
This workshop will include an overview of regional feedstock availability supported by an analysis of feedstock production, consumption and trade, including freight implications and major supply drivers. Course attendees will learn how the major olefins feedstocks are consumed both by the petrochemicals industry and by other end users, and will provide insight about why the market values petrochemical feedstocks as it does.
- Fundamentals of Refining Economics / Refining 101
- Global Ethane Markets
The spike in US ethane prices in 2018 exposed the sensitivity of this market to a wide range of factors including oil and gas production, infrastructure investment cycles, midstream competition between different NGLs, and changes in demand such as new crackers and export projects starting up. This workshop will discuss how and where ethane is produced around the world, as well as its uses. We will cover ethane demand regionally as well as interregional product flows and overland/onshore infrastructure. While not intended to teach how to trade ethane, this half day course will discuss what factors influence ethane prices. We will show how ethane prices compare with other energy and petrochemical prices.
This course is designed for anyone needing to understand the basics of the rapidly changing markets for ethane. Course attendees would include business development managers, natural gas liquids traders and shippers, project managers for ethane or competing projects, business analysts, investors and entrepreneurs.
- NGL Price Drivers
With surplus Natural Gas Liquids (NGLs) in the US and global trade flows changing, there is intense interest in the impacts of these trends on NGL prices in the US and around the world. While not intended to teach how to trade NGLs, this half day course will discuss what factors influence NGL prices in global markets and why there are regional price differences. We will show how NGL prices compare with other energy and petrochemical prices, and how the various NGL prices differ among each other. We will discuss the importance of supply, demand and inventories, including the effects of seasonality as well as the extent to which the byproduct nature of NGLs and the various NGL end uses influence pricing. Some other topics include competition, substitution, freight and arbitrage and market sentiment. This workshop can also be conducted in Spanish.
Naphtha as a feedstock for petrochemicals is facing intense competitive pressure from low cost LPG, particularly in the US, but the ramifications are global. In this half day workshop, we will discuss the naphtha fundamentals (terminology, properties, production, supply/demand, valuation, and price drivers.)
Naphtha is used as feedstock for olefins crackers and is reformed to produce gasoline, aromatics, hydrogen and syn-gas. We identify which type of naphtha is used for each based on naphtha quality and we quantify the supply/demand balances on a regional and major country basis. Most of the official naphtha statistics generally exclude naphtha reformed in a refinery to produce gasoline, aromatics and hydrogen but we will provide estimates.
We will discuss regional pricing, identify trading hubs and provide regional trade balances for naphtha. The competitive relationship between naphtha, crude oil, LPG and other products will be highlighted.
- Tailored On Site Training or Presentations
Designed around the specific needs of the individual companies’ businesses, delivering courses or presentations that suit the focus and experience level of staff from different departments, to assist the employees realize its full potential. Training can range from four hours to multiple days of various topics, while presentations would be 1 -2 hours on topics specified by the client. It is definitely time and cost effective where many closed door discussion with our expertise in the industry.
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