Course not currently available
LNG Trading & Hedging
Course
In City Of London ()
Description
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Type
Intensive workshop
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Level
Beginner
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Class hours
9h
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Duration
3 Days
The course covers physical LNG, gas markets and electronic trading using an innovative programme that utilises a revolutionary trading simulator that ensures practical hands on experience of ‘real market scenarios’ in a unique three day learning experience. It is an opportunity to expand your network by learning alongside candidates from various companies and backgrounds. The course facilitators are former traders who will develop your ability to understand and trade the LNG market.
About this course
After completion of this course you will understand:- Global LNG Market Developments; Mechanics of shipping and operations; Mechanics of trading; LNG Trading Opportunities; Risk management and forward curves; Managing LNG complexities; Advanced trading and pricing strategies.
Gas Trading
Risk Management
Supply, Transport and Operations
Sales and Marketing
Energy Purchasing
Management and Financial Accounting
Strategic Planning and Economics
Reviews
Subjects
- Trading
- Market
- LNG
- Arbitrage
- Hedging
- Options Derivatives
- JKM Swaps
- Time Spreads
- Forwards
- Storage
Teachers and trainers (1)
Liz Martin
Commodity Trading Expert
I have over 15 year’s experience with BP. I have worked in a broad range of trading roles in oil, gas and LNG markets. I traded Heating Oil in Europe before switching commodities to trade natural gas in the US. I then set up a team to trade UK NBP gas v US Henry Hub gas and was book leader for the LNG financial team, managing the hedging of BP’s LNG Portfolio and speculatively trading global oil and gas. I have also worked in North Sea Crude operations, production planning at a Rotterdam refinery and in the BP group economics team.
Course programme
- Current supply/demand picture
- Thoughts on markets from the experts
- Trading Good practice
- Futures
- Forwards
- JKM
Trading Timespreads
- Market structure
- Capturing movements in time spreads
LNG Trading - Natural exposures
- Oil to Gas exposure
- Gas to gas exposure
LNG Trading Opportunities
- Vessels/delivery terms
- Arbitrage
- Fixed vs floating prices
- Cargo swaps
Storage & Storage optimisation
- Storage costs
- What is carry
- How is storage optimised
- Using derivatives to manage price risk - Futures/JKM swaps
- Imperfect hedging
Managing LNG complexities
- Brent (3;0;1) or (3;2;1) or other formulas for pricing
- S-curves
- Optionality at terminals
Introduction to Options
- Calls/Puts
- Valuing options
- What is delta?
LNG Trading & Hedging