3–7 Aug · Rio 7–11 Sep · Singapore 30 Nov–4 Dec · Doha 5 Days 5-Star Hotel
About This Course
Course Overview
Natural gas plays a pivotal role in the global energy transition — serving as both a base load fuel and a flexible complement to renewables — and has gained international strategic appeal as a source of value creation. This course offers a comprehensive framework for understanding international gas markets and evaluating gas investment opportunities under uncertainty.
Participants explore the full value chain — from upstream extraction and LNG processing to transportation, trading and market pricing — while mastering economic evaluation techniques tailored to gas projects. The programme integrates financial modelling, policy economics and decision analysis tools such as Monte Carlo simulation, probabilistic reserves and real options, using Lumivero's DecisionSuite tools (@Risk and PrecisionTree) — though no prior software access is required, as alternative approaches are also discussed.
Led by Dr. Babak Jafarizadeh — engineering economist and former Senior Economic Analyst at Equinor (Statoil) — the programme blends real-world industry experience with rigorous theoretical frameworks. Classroom sessions are held in 2026 at five-star hotel venues in Rio de Janeiro, Singapore and Doha — three of the world's most important gas market hubs.
Programme Content
Key Topics
01
Global Gas Industry Structure & Decision Context
Natural gas value chain: upstream, midstream, LNG and downstream
Regional market structures: North America, Europe, Asia-Pacific
Global LNG trade flows and pricing mechanisms
Supply-demand dynamics and geopolitical influences
Value chain economics, expected value and decision-analysis foundations
02
Financial Modelling & Cash Flow Economics
Investment decision techniques: NPV, IRR and payback period
Sensitivity analysis in gas project economics
Commodity price forecasting: gas hubs, LNG indices and contracts
Cash flow modelling for upstream and LNG assets
Case study: evaluating the economic feasibility of a floating LNG project
03
Uncertainty Analysis & Quantitative Methods
Uncertainty vs risk in gas project evaluation
Probabilistic reserves and volumetric modelling
Risk classifications: market, regulatory, technical and operational
Monte Carlo simulation for price and cost uncertainty
Decision trees and real options: case study in hydrocarbon exploration
04
Strategic Planning & Policy Economics
Policy incentives and carbon pricing impacts on gas projects
ESG considerations and methane emissions economics
Fiscal regimes for gas: royalties, taxes, PSCs and hybrid models
Strategic responses to market volatility and policy shifts
Case study: strategic evaluation of a cross-border LNG terminal
05
Practical Applications & Capstone Presentations
Integrating economic, financial and risk frameworks
Using @Risk and PrecisionTree for gas project modelling
Evaluating long-term profitability and capital allocation
Future trends: hydrogen blending, carbon allowance markets, digital trading
Capstone: presenting an investment recommendation for a gas asset under uncertainty
Learning Outcomes
What You Will Learn
01Analyse the structure and dynamics of regional and global natural gas markets, including LNG
02Apply economic evaluation techniques to upstream, midstream and LNG projects
03Quantify uncertainty in reserves, prices and costs using probabilistic models
04Use decision trees, Monte Carlo simulation and real options to evaluate gas investments
05Assess fiscal regimes, policy incentives and ESG impacts on gas project economics
06Develop decision support models that integrate technical, financial and strategic dimensions
Dates & Pricing
Sessions & Fees
All sessions are held at five-star hotel venues. Classroom only — no virtual option.
Dates
Location
Format
Fee
3–7 Aug 2026
Rio de Janeiro, Brazil
Classroom
£3,900 (no VAT)
7–11 Sep 2026
Singapore
Classroom
£3,900 (no VAT)
30 Nov–4 Dec 2026
Doha, Qatar
Classroom
£3,900 (no VAT)
Target Audience
Who Should Attend
This course is designed for professionals evaluating gas investments and shaping strategy across the global natural gas industry.
Gas Project Analysts
Investment managers and analysts evaluating gas project opportunities
LNG Commercial & Strategy
Professionals in LNG commercial, trading and strategy functions
Energy Economists
Economists and financial modellers evaluating gas investments
Policy & Regulatory Advisors
Specialists assessing fiscal regimes and gas policy impacts
Portfolio Managers
Business developers managing gas and LNG project portfolios
Engineers in Transition
Engineers and planners moving into commercial decision-making roles
Common Questions
Frequently Asked Questions
What does the course cover? +
Global gas market structure and decision context, financial modelling and cash flow economics, uncertainty analysis using Monte Carlo simulation, strategic planning and policy economics, and a practical capstone presentation — with real-world case studies throughout.
Who is the course trainer? +
The course is led by Dr. Babak Jafarizadeh, a senior consultant and engineering economist with extensive experience as a senior economic analyst at Equinor (formerly Statoil). He holds academic appointments at Heriot-Watt University and UC Berkeley, and is the author of Economic Decision Analysis (for Project Feasibility Studies).
Where and when are the 2026 sessions? +
3 sessions: 3–7 August in Rio de Janeiro; 7–11 September in Singapore; and 30 November–4 December in Doha, Qatar.
What is the course fee? +
£3,900 per delegate. No VAT on any of the 2026 sessions.
Do I need Excel skills? +
Basic Excel familiarity is helpful. The course builds economic models step by step for participants of all levels.
Can this be delivered in-house? +
Yes. Contact j.rogus@londonpetroacademy.co.uk for a tailored in-house proposal.
All London Petro Academy courses are available as fully customised in-house programmes delivered at your premises, or in Rio, Singapore, Doha or any location worldwide.
