Registration & Welcome Coffee

Masterclass A Begins

What are the Long Term Prospects for LNG?

• The global LNG market in 2020 and 2021
• How has energy transition affected LNG supply, demand and trading?
• What can we expect for LNG supply, demand and prices in 2022?
• FIDs on new liquefaction capacity in 2021 and outlook for 2022
• Forecast LNG supply and demand 2022 to 2035
• How much new liquefaction capacity in the 2020s and how much will be built?
• The outlook for LNG demand in established markets
• Which countries will start to import LNG and how much LNG will they need?
• How are LNG trade flows changing and what is the outlook for short term trading?

AM Masterclass B Begins

AM: Energy Transition and Implications for LNG Markets, Contracts, Pricing & Disputes
Led by: BRG Energy

• GHG footprint for natural gas and LNG supply chains
• Policy scenarios for GHG mitigation (e.g. regulation , taxation
  and/or price incentives)
• Implications for international pricing and trade of natural gas
  and LNG
• Implications for price reviews and other international dispute
  resolution
• Strategic priorities and options for LNG suppliers /sellers and
  consumers /buyers

Networking Lunch

Masterclass A Resumes

What are the Long Term Prospects for LNG?

• The global LNG market in 2020 and 2021
• How has energy transition affected LNG supply, demand and trading?
• What can we expect for LNG supply, demand and prices in 2022?
• FIDs on new liquefaction capacity in 2021 and outlook for 2022
• Forecast LNG supply and demand 2022 to 2035
• How much new liquefaction capacity in the 2020s and how much will be built?
• The outlook for LNG demand in established markets
• Which countries will start to import LNG and how much LNG will they need?
• How are LNG trade flows changing and what is the outlook for short term trading?

PM Masterclass B Begins

PM: LNG Contracting: Staying Competitive in an ESG Future

ESG and LNG:

• Lower carbon and carbon neutral LNG
• Emissions Trading Schemes and Carbon Taxes
• Carbon neutral pledges impacts on an LNG business

LNG Marketing Norms:

• A return to ex ship marketing?
• Destination and source flexibility; and
• Marketing in a post COVID economy

End of Pre-Summit Masterclasses

CLEAN LNG TRADERS’ FORUM

Chair’s Opening Remarks

Welcome Address

Session 1 - Ambition: Trade Cleaner

What is ‘carbon neutral’ LNG?
• What should companies do to protect themselves from greenwashing claims?
• How do voluntary carbon offsets work?
• Who should and who is paying for carbon offsets?
• Getting Measurement, Verification & Reporting right
• Implications of COP26 and a changing regulatory landscape

Session 2 – Implementation: How To Scale Clean LNG

Carbon neutral LNG trades done to date - what can be done better?
• How do we scale the carbon neutral market without hampering market liquidity?
• Are industry baselines attainable?
• Would the carbon neutral trades done to date hold up to the standards being worked on for
the future?
• GHG certification – something else to trade?

Session 3 – Acceleration: Reaching Net Zero Faster

Roundtables: Join your colleagues to discuss the key issues around trading carbon neutral LNG over a
drink. Topics to include:
1. What is the emerging industry consensus on offsets?
2. Who should and who is paying for the transition to low carbon gas?
3. How do we avoid destroying liquidity and margins in LNG trading?
4. What technology is emerging for tracking and trading carbon neutral products?

Registration & Welcome Breakfast

Chair’s Opening Remarks

Opening Keynote Address

SESSION 1 – GLOBAL LNG STRATEGY PANEL DISCUSSION – Defining The New Direction For LNG: The Drive For Decarbonisation In The Global LNG Business

Avoiding, Reducing and Offsetting GHG emissions in the LNG supply chains

• Key COP26 outcomes and what they mean for global gas and LNG
• Looking ahead, what’s needed to ensure the sustainability of LNG?
• The drive to decarbonise the LNG supply chain – what’s happening ?
• Key targets: displacement of coal, complementarity with renewables
• LNG’s role with respect to hydrogen development over the next ten years

Reshaping global LNG in the 2020s - Defining the new direction for LNG

• Key learnings from COVID-19 – and the acceleration of Energy Transitions
• Realities of the “new” world – what is likely to change as regards sellers and buyers’ attitudes to LNG contracting and pricing and what stays the same?
• Reviewing the current global supply/demand outlook to 2030
• When will demand growth require more FIDs of liquefaction capacity?
• New supply options: who are the frontrunners?

Networking Coffee Break

SESSION 2 - Asia Pacific LNG Leaders’ Panel: Redefining LNG’s Role In The Asia Pacific LNG Markets Amidst Energy Transition

• Keeping LNG relevant: the outlook for demand throughout Asian Pacific markets
• Are we seeing a two-speed approach towards decarbonisation in the region?
• New trends in adapting and adopting LNG

o The push against coal and nuclear – individual government initiatives
o The push for LNG to complement renewables

• Carbon Neutral LNG:

o Current initiatives to promote LNG and actively market it
o Who actually pays for carbon neutral LNG and is there are an acceptance to absorb higher supply costs?

Networking Lunch

Spotlight On China LNG & Gas: Will China Continue To Lead LNG Demand Recovery In A Post-COVID Era?

• China is increasing its gas production to reduce dependence on imports, how will LNG compete with domestic production and imported pipeline gas? Is it just about pricing?
• What are the most important commercial features of LNG to Chinese buyers
• What are the latest trends in China’s LNG contracting? (volumes, duration, pricing indexation, equity investor/ direct buyer)

SESSION 3 - Sustainability In LNG: Offsetting LNG’s Carbon Footprint

Offsets: Is carbon neutral LNG poised to grow quickly globally?

• Developments in acceptable Measurement, Reporting and Validation standards

o How quickly can we get to an agreed industry standard and implement it?

Commercial trends from LNG buyers and suppliers

• What are the consequences of carbon neutral LNG in terms of cost and market liquidity?
• Will carbon neutral LNG become part of the quality spec for all LNG?
• How much carbon neutral LNG do we expect to be traded by 2025, 2030?
• Where do we see the most activity developing?

Networking Coffee Break

SESSION 4 - WORLD LNG LEADERS’ PANEL: Evolving Commercial Models To Promote LNG In A Decarbonising World

• How will new liquefaction and regas projects adapt to a decarbonising world?
• How are LNG players avoiding and reducing GHG emissions in the LNG supply chain?
• The roles of NOCs, IECs and buyers – are they coherent?
• Developments and new trends in prospective liquefaction projects

o Key sponsors’ attitudes towards investments
o Financing trends and ESG considerations

• New LNG contracting strategies: will the consequences of the energy transition push buyers to shorter term contracts and more operational flexibility?
• Pricing: what is emerging as the preferred indexation from the perspective of key LNG buyers and sellers?
• Has the experience of COVID-19 and winter price spikes changed the way we will price LNG and manage stocks?
• Is hydrogen a friend or foe of the LNG industry?

Close of Summit Day One

CWC World LNG Annual Awards Evening

Welcome Coffee

Chair’s Opening Remarks

Carbon Neutral LNG: The Best Case Scenario

SESSION 5 Global LNG Demand Outlook: What Is Needed To Ensure A Sustainable, Demand-Driven Recovery?

The Asian regional outlook

• The mature and the growth markets – what are their demand outlooks and what new trends should we expect in market and pricing developments?

The European regional outlook

• Will LNG remain significant in Europe?
• What are the new issues to manage throughout the 2020s?

The Americas, MENA and new African markets

• What is the depth of demand in these markets?
• How much growth will come from smaller buyers?

LNG bunkering and LNG for transportation

• Will demand take off in the 2020s?
• Where do we see the main growth areas regionally ?

How are contracts changing for buyers?

• What’s new in contract terms?
• What is flexibility worth nowadays?

Networking Coffee Break

SESSION 6 – LNG TECHNOLOGY PIONEERS’ PANEL: Avoiding & Reducing GHG Emissions

Technology applications and latest developments

• CCS/CCUS, new liquefaction designs and repurposing LNG plants to avoid and reduce GHGs
• LNG shipping
• Regasification

Technological innovation to control costs in the LNG supply chain

• Spotlight on design and EPC delivery to ensure budgets and schedules are met?
  • Challenges to LSTK contracts
  • Is modular LNG challenging other designs?
  • Is FLNG still viable for some applications ?

Networking Lunch

SESSION 7 PANEL DISCUSSION EUROPE LNG PANEL: Where Does Natural Gas Sit With The Energy Transition & EU Decarbonisation Pathways?

• The 2021 rise in TTF/NBP: short-term myth or medium-term trend?
• What is the pace of natural gas reduction or are we heading towards a natural gas supply squeeze in Europe? Is LNG a price taker in Northwest Europe?
• How serious will gas storage shortage be and how is this impacting LNG players in Europe?
• The acceleration of energy transitions and LNG’s role as a transition fuel in Europe - who is going to invest in natural gas infrastructure if longer term demand is disappearing?
• What are the prospect of carbon border taxation and what could the effect be on global LNG imports?

Networking Coffee Break

SESSION 8 Spotlight On China LNG & Gas: Will China Continue To Lead LNG Demand Recovery In A Post-COVID Era?

• What is the role of hydrogen in the future energy mix in Europe if the net zero targets are met?
• What forms of hydrogen will be suitable? Which markets will want what kind?
• How can LNG industry evolve in the context of increased hydrogen demand? What synergies may exist between the two industries?
• What effect will hydrogen demand have on LNG in various decarbonisation scenarios?
• What will happen if green hydrogen becomes more cost-effective than blue?

SESSION 9 LNG Financing Panel: How To Ensure LNG Projects Are Bankable In An ESG Future?

• The challenge of financing a project to 2040 and beyond
• Have COVID-19 and the energy transition structurally changed investors views on assessing risks in new projects?
• Adaptive financing structures: Examples drawn from recent projects
• ESG considerations for investors: Material changes in attitudes towards LNG projects
• Different approaches to financing from host governments, the majors and the private asset developers
• Mitigating the carbon footprint along the value chain to guarantee financing
• Are we headed to a different investment life cycle as contract terms get shorter?

Close of Summit Day Two

Welcome Coffee

Chair’s Opening Remarks

SESSION 10: PANEL DISCUSSION LNG Shipping Panel: Challenges For LNG Shipping In A Changing Environment

• The global fleet: Outlook on LNG shipping capacity and availability of shipping
• Criteria for investing in new capacity: Considerations such as design, fuel propulsion options, IMO and EEXI compliance
• Changes in the structure of LNG shipping companies as a result of recent M&A: Will this change the shipping business?
• Commercial considerations:

o Outlook for charter rates
o Progress of freight derivatives to manage market risk

• The projected demand growth in LNG bunkering and new considerations

o LNG facing competition from other fuels such as ammonia and hydrogen from costs and efficiency perspectives
o Electrification of shipping

Networking Coffee Break

SESSION 11: PANEL DISCUSSION Assessing The Impacts Of The Growth In LNG Trading On The Global Business

• Growing commoditisation of the business: where are we heading?
• Has short-term LNG trading been able to respond effectively to sudden recent market spikes or troughs experienced lately?
• The impact on contracting and SPAs as many long-term contracts expire in the next few years
• Can the contracting of carbon neutral LNG be standardised to provide greater transparency and efficiency?
• Will oil-indexed pricing remain important or will spot market indices grow significantly?
• The use of risk management and new tools to manage volume and price risk
• Digitalisation of trading activities

Chair’s Closing Remarks