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LNG Face-to-Face Academy

TwoTwoFive
Course summary
Professional Training
3 days
2,750 GBP excl. VAT
Full time
London
Course Dates
London
2,750 GBP
04/10/2022

Course description

Face-to-Face Academy: LNG 

The LNG Face-to-Face Academy is an engaging and interactive course that will help you understand how a trader extracts value and manages risk in an Oil Products portfolio. 

Delivered over 3 days in a class room, it features engaging and interactive lectures coupled with a number of realistic physical trading simulations via our unique simulator, Ignite; giving you the opportunity to experience the psychological highs and lows of commodity trading.

Duration: 3 days

Course Dates: 4-6 October 2022

Timings: 9am-5pm GMT 

Location: London, UK 

Suitability - Who should attend?

Suitable for individuals working in organisations such as:

Trading companies, Banks, Brokers, Oil producers, Consumers, Refiners, Distribution companies, Government and Associated organisations.

Including roles in:

Back office, Accounts, Financial operations, Middle office, Trade control, Analysts and Front office, Juniors, Managers and Operations.

Outcome / Qualification etc.

By completing/passing this course, you will attain the certificate TwoTwoFive Certificate LNG and awarded 24 CPD points

Training Course Content

Day 1

Derivatives

  • What is trading and why do companies trade
  • The major gas hubs
  • What is a gas derivative
  • What the difference between forwards, futures, swaps and options are
  • Explains some trading terminology
  • How a futures exchange works
  • How traders use gas derivatives

Ignite simulations – 2 trading simulations where delegates will be able to trade futures, swaps and forwards

Trading Best Practice

  • What is risk
  • The different types of risk - price, credit, operational, reputational
  • How risk can be managed successfully by a trader
  • Technical analysis
  • How risk is measured, what is VAR and how is it usedTrading lessons - common pitfalls

Ignite simulations – 2 trading simulations where delegates will be able to trade NBP, ZBR, PEG, TTF and NCG futures within a VAR trading limit

Time Spreads

  • What is spread trading/different types of spread.
  • Principles of spread trading
  • What a forward curve is and market structure
  • Different types of market structure and what they signify
  • How traders use time spreads

Ignite simulations – 2 trading simulations where delegates will be able to trade NBP and TTF futures within a trading limit

Day 2

Price Exposures 

  • What is physical LNG trading
  • Why trade physical LNG
  • Physical LNG trading issues
  • Factors that influence supply
  • Factors that influence demand
  • Natural Gas/LNG quality
  • Contractual considerations
  • Explains floating prices and benchmark prices
  • LNG price risks - oil v gas
  • Managing LNG price risks

Ignite simulations – 2 trading simulations where delegates will be able to trade JKM, TTF, Brent and Henry Hub futures

Arbitrage

  • Explains physical arbitrage
  • Contractual delivery terms
  • LNG cargo lifecycle
  • Time charter
  • Port and canal costs
  • Operational costs of arbitrage
  • Financial risks
  • When traders arbitrage
  • Netback calculation
  • Managing arbitrage price risks

Ignite simulations – 2 trading simulations where delegates will be able to trade American, European and Middle Eastern LNG cargoes, charter vessels and manage price risk exposures

Hedging

  • Why hedge
  • Basis risk
  • Futures as hedging instruments
  • JKM swaps as hedging instruments
  • Hedging considerations
  • Types of hedging
  • A detailed example of hedging a fixed price cargoes
  • A detailed example of hedging a floating price cargoes
  • Futures or swaps?
  • Dirty or imperfect hedging

Ignite simulations – Up to 3 trading simulations where delegates will be able to apply arbitrage and unwinding hedges and charter vessels as LNG cargoes price in/out

Day 3:

Storage

  • What is storage
  • Storage considerations
  • Why companies might want storage
  • The costs associated with storing LNG
  • Valuing storage
  • Optimisation of storage
  • Types of market structure
  • How to hedge a storage play
  • Intrinsic and Extrinsic Value

Ignite simulations – 2 trading simulations where delegates will be able to store American LNG cargoes and apply hedges to capture the storage play

Team Dynamics

  • How to extract value from a physical LNG portfolio
  • Why speedy evaluation of opportunities is critical
  • Why teamwork is important
  • Applying all the trading concepts learnt across a portfolio
  • Understanding the value of tenders

Ignite simulations – Working as a team, the delegates will apply all the trading concepts across a portfolio of LNG cargoes, trading spot cargoes, entering tenders, hedging, arbitrage, seeking storage opportunities and speculatively trading the futures markets with flat price and spreads positions.

Course delivery details

This Academy is a classroom based course in London, UK. 

Why choose TwoTwoFive

Practice trading with IGNITE trading simulator

1,000s of individuals from 100s of companies trained over the last 10 years

Our trainers have a combined 100+ years of trading experience 

About provider

TwoTwoFive - Commodity Trading Academy 

At TwoTwoFive we provide next-generation CPD certified Commodity Trading Training Courses for individuals and businesses globally. Our LNG, Natural Gas, Crude Oil, and Oil Products trading courses are highly interactive (not endless reams of PowerPoint slides) and are created and...


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TwoTwoFive

Kemp House, 152-160 City Road
EC1V 2NX London Middlesex

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