International Business House

THE GAS TRADER ACADEMY

International Business House
À London (England)

5009 
*Prix indicatif
Montant original en GBP :
£UK 4500

Infos importantes

Typologie Atelier
Niveau Intermediate
Lieu London (England)
Heures de classe 40h
Durée 5 Days
Début Dates au choix
  • Atelier
  • Intermediate
  • London (England)
  • 40h
  • Durée:
    5 Days
  • Début:
    Dates au choix
Description

The programme is accredited by the British Energy Institute. The course participants will be issued 80 CPD credits International Industry Certificate of the IBH and ICE Futures

Infos importantes

Conditions: The course is brought to you by ICE Education and IBH. The academy is delivered by an expert team of analysts and recent market practitioners where their knowledge and skills have been translated into a highly practical course covering the European and increasingly global gas markets.During days 3 to 5 you will have the full trader experience, undergoing the full range of emotions. You will receive one-to-one coaching, from members of the delivery team, where appropriate to ensure you have full understanding of the trading concepts and get the most from the simulation exercises.


Installations (1)
Où et quand
Début Lieu
Dates au choix
London
60 Chiswell Stree, EC1Y 4SA, London, England
Voir plan
Début Dates au choix
Lieu
London
60 Chiswell Stree, EC1Y 4SA, London, England
Voir plan

Qu'apprend-on avec cette formation ?

Trading
Natural Gas

Programme

DAY 1

Natural Gas — Introduction

  • Natural gas in the hydrocarbons sequence: from methane to complex long-chain hydrocarbons
  • Where natural gas, LPGs, and crude oil fit and how they are related
  • Natural gas, associated gas, shale gas: is there any difference?
  • What is shale gas and why is it ‘unconventional’?
  • Natural gas liquids and liquefied petroleum gases (NGLs & LPG)
  • Measuring natural gas
  • Introducing the differences between oil and gas from a materials & energy point of view
  • LNG

Natural Gas and Oil

  • Different energy properties: different uses (energy density, volume considerations, containment and pollution)
  • The question of transportation: how oil and gas are transported to market, the difference between transportation methods

Natural Gas — Reserves and Production

  • Distribution of global natural gas reserves and Kazakhstan’s place in the hierarchy
  • Regional gas production histories
  • Natural gas production
  • Associated gas and the pressures to reduce flaring
  • Shale gas production techniques and how they differ from traditional methods
  • The impact of problems of gas storage on production
  • Turning raw wellhead gas into saleable products

Natural Gas — Transportation

  • Transporting natural gas: pipelines, compression, liquefaction
  • Gas pipelines
  • Major gas pipelines of the world
  • LNG
  • LNG delivery chain: liquefaction, transportation, regasification
  • Worldwide liquefaction and regasification terminals
  • Recent trends and the impact of shale gas
  • Advantages and disadvantages of pipelines vs. LNG
  • Compression as an alternative to liquefaction

Gas Consumption

  • The world’s major gas users
  • By region / country
  • By sector - power generation / industrial heat / domestic heating and cooking / transportation?
  • Gas distribution and use power generation, petrochemicals, industrial heat, domestic heat, future vehicle fuels) gas-to- power and gas-to-liquids (GTL)
  • Gas as a petrochemicals feedstock

Gas Storage and Distribution

  • Gas storage facilities
  • The seasonal nature of gas demand
  • Managing gas flows

 

DAY 2

 

The Shale Gas Phenomenon

  • North American resources and production
  • Can the North American experience be repeated elsewhere?

Commercialisation of Natural Gas

  • Gas sales and marketing strategy, negotiations

Gas Pricing and Contracts

  • Gas market structures
  • Gas-on-gas competition/liberalised markets: North America/UK
  • Prices linked to competing fuels – Europe / SE Asia
  • Prices linked to oil: Japan / Korea / Taiwan
  • Regulated prices: Middle East / Russia / China

Gas Sales Arrangements

  • Long-term contracts
  • Spot sales

Gas Balancing Game 

International Gas Trade

Gas Sales and Transportation Contracts

  • Gas sales agreements
  • Length of term
  • Quantity
  • Price terms
  • Delivery point
  • Delivery obligations
  • Take-or-pay / ship-or-pay obligations
  • Gas quality
  • Renegotiation opportunities

Pricing and Formulas Used In Gas Industry, Benchmark Prices

  • US: Henry Hub
  • Europe: oil price linkage vs. hub pricing (NBP, TTF, etc.)
  • Asia: Japanese Crude Cocktail

Gas Trading Hubs

DAY 3

Negotiation Exercise

  • Game theory

Natural Gas Price Drivers

  • Heating/Cooling Demand
  • Power Generation
  • Macro Factors
  • Interconnections
  • LNG imports
  • Sentiment
  • Price of competing fuels

Good Trading Discipline

  • Trading Terminology
  • Trading rules
  • What can go wrong?

Flat Price Trading

  • Challenges of flat price trading
  • Trading Simulation

Technical Trading Techniques

  • Different types of charts
  • Trends
  • Support and Resistance
  • Retracements
  • Candlestick patterns
  • Moving Averages
  • Trading Simulation

 

DAY 4

Speculative Spread trading

  • What are spreads?
  • Why do traders use spreads?
  • Geographical gas spreads
  • Gas time spreads
  • Contango/Backwardation
  • Trading Simulation

Monetising Transport Capacity

  • Transport Costs
  • The impact of FX
  • Valuing transport capacity
  • The importance of volatility
  • Trading Simulation

Valuing a storage asset

  • Storage Costs
  • Standard Bundled Units
  • Intrinsic and Extrinsic Value
  • Hedging storage capacity

Monetising Storage Capacity

  • How do traders make money?
  • Rolling hedges
  • Considerations when optimising
  • Trading Simulation

 

DAY 5

 

 

Introduction to LNG Trading

  • How is LNG traded?
  • Price Drivers
  • Shipping Terminology

Simple LNG Arbitrage

  • Fixed price arbitrage
  • Chartering a vessel
  • The impact of FX
  • Trading Simulation

Floating Prices

  • Marker Prices

Complex LNG Arbitrage

  • Hedging
  • Trading Simulation

Information supplémentaire

 The programme is accredited by the British Energy Institute. The course participants will be issued 80 CPD credtis International Industry Certificate of the IBH and ICE Futures.