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Course Level
Introduction
Delivery Method
Live Instructor-Led Virtual Course
Professional Development Credit Hours
7
Pre-requisites
There is no pre-requisite for this course.

Faculty

Nigel Harris is a director and principal consultant at Kingston Energy Consulting, which he founded with Mary Jackson in 2002. He has been helping energy traders to analyse and understand the markets for over 25 years, initially as a developer of market analysis software systems, and more recently as a consultant. At Kingston Energy Consulting, his main focus is on providing education and information transfer to participants in the energy trading business, through instructor-led classroom training, web-based training development, research projects, workshops, briefings and research-based report writing. In his work with Mennta Energy Solutions, he has created a library of new instructor-led and web-based courses on European gas and power markets and trading. In 2005, he worked with Mary Jackson to develop the popular Oil Trading Orientation course, which has since been presented at venues all over the world. He has also extensively revised and updated many existing courses on derivatives, hedging and risk management.  He regularly presents this material both at public venues and as in-house, often customised, courses. He is co-author of a series of highly regarded reports on European natural gas trading and has also contributed to reports on power markets and oil trading. In previous roles, he was a key member of the team that initially designed and developed Saladin's innovative Petroleum Analysis Workstation, a system that became an industry standard for historical price analysis during the 1990s and remained in use in the industry for two decades. During this period, he worked closely and extensively with oil and gas traders around the world to understand their information and analytical requirements. He also spent some years as an independent consultant, working mainly with software and information providers to help them better understand the oil and gas trading sectors.

Accreditations

NASBA: Mennta Energy Solutions is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org


CPD Certification Services: The CPD Certification Service works with Mennta Energy Solutions to ensure valuable knowledge is structured to complement the universal guidelines of Continuing Professional Development. Mennta Energy Solutions courses are approved by CPD at one credit per training hour.

LNG Trading Orientation (VIRTUAL) - LNGT

Course Schedule

Date Time Location Price* Registration Deadline**

*Prices do not include VAT, GST, or any other local taxes. All applicable taxes will be added to the invoice.
**Please register by the deadline to help us ensure sufficient attendance and avoid postponing the course.

Course Summary

LNG Trading Orientation is a VIRTUAL classroom course presented by the energy training experts at Mennta Energy Solutions.

This short workshop is ideal for anyone looking for an introduction to the Liquefied Natural Gas (LNG) supply chain and LNG trading. The course starts by outlining the key characteristics of natural gas as a commodity, and how its liquefied form is produced, stored and transported. The course then looks at how LNG and natural gas are traded, how gas pipeline and LNG cargo markets work, and covers key aspects of physical and financial trading, including hedging of price risk in LNG markets. 

This virtual solution is comprised of two live instructor-led sessions with video, audio, chat, live polls, and interactive breakout sessions.

Who Should Attend?

Anyone who wants to know more about LNG and its trading markets. A typical delegate would not be an LNG trader, but might work for a firm that trades LNG, or that produces or consumes LNG. They might work in operations, risk management, finance, contracts, IT, management, or any role where it would be helpful to have a better understanding of the basics of the LNG physical supply chain and its trading.

Course Content

  • Natural gas as a commodity
    • Sources of natural gas, and end-uses for natural gas
    • Key characteristics of natural gas as a tradable commodity
    • Global reserves and production of natural gas
    • Global and regional consumption patterns for natural gas
  • Supply chain basics
    • Gas production and processing
    • Natural gas liquids and their uses
    • Physical properties of natural gas and LNG
    • Pipeline transport of natural gas
    • Marine transport of LNG
    • Natural gas and LNG storage
  • Gas and LNG commodities trading overview
    • Drivers of trading: disposal/acquisition, portfolio balancing, hedging, for-profit
    • Approaches to trading: asset-based trading, opportunistic trading
    • Strategies of asset-based, opportunistic, and speculative traders
    • The importance of flexibility and choice in trading
    • Main participants in gas and LNG markets
    • Trading facilitators (role of brokers, exchanges, etc.)
  • Commodities trading mechanisms
    • How gas pipeline markets and LNG cargo markets work
    • Spot, forward, and term contracts in LNG and pipeline gas trading
    • Access to vessels, pipelines, LNG import capacity, etc.
    • Derivatives markets, OTC and exchange instruments
    • Basics of hedging: reasons to hedge, ways of hedging
    • Forward pricing and price curves
  • International gas markets
    • Key LNG and gas pricing benchmarks and what they represent (Henry Hub, TTF, JKM, Brent, JCC)
    • Pricing of LNG cargoes (fixed price, differential to benchmark, HH+ export pricing, traditional crude oil slope formulas)
    • Trading units – relationship of MMbtu, therms, MWh, tonnes LNG, etc.


 

 

 

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