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LNG Trading & Hedging

Course

In City Of London ()

£ 3,594 VAT inc.

Description

  • Type

    Intensive workshop

  • Level

    Beginner

  • Class hours

    9h

  • 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

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Reviews

Subjects

  • Trading
  • Market
  • LNG
  • Arbitrage
  • Hedging
  • Options Derivatives
  • JKM Swaps
  • Time Spreads
  • Forwards
  • Storage

Teachers and trainers (1)

Liz Martin

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

LNG Markets and Trading Strategies
  • Current supply/demand picture
  • Thoughts on markets from the experts
  • Trading Good practice
Derivatives
  • 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
Risk management of LNG positions
  • 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

£ 3,594 VAT inc.