This training provides a better understanding of the structure, the methods of operation, the uses and the impacts of gas physical, financial and paper trading.
Public :
All personnel in the gas or associated industries needing to improve their knowledge and understanding of gas trading and pricing mechanisms.
Level :Skilled
Prerequisite :
Basic knowledge of natural gas and LNG chain.
Course Content
GAS SUPPLY & DEMAND
Evolution of gas demand. Projections.
Gas reserves and production.
Gas producing countries. International supply projects.
Regional gas demands.
International trade. LNG trading.
LONG TERM CONTRACTS
Types of contracts.
Features of long term contracts.
Contractual quantities, nominations and Take-or-Pay.
Gas pricing: indexation principle.
Concepts of market value and cost plus.
SPOT & FORWARD MARKETS
Spot markets.
Forward contracts.
North American Hubs.
Spot markets in UK and continental Europe.
Price References and the role of reporting agencies.
FUTURES MARKETS
Features of gas Future contracts.
Exchanges and their organization: NYMEX, ICE.
Hedging using Future contracts.
Basis risk and hedging imperfections.
RISK MANAGEMENT
Swaps: principles, basics and characteristics.
Options (call, puts): principles, basics and characteristics.
OTC derivatives: caps, floors, collars.
Learning Objectives
Upon completion of the course, participants will be able to:
analyze the fundamentals of gas supply and regional demands,
review the different gas trading markets and types of transactions,
understand the basic structure of long term contracts,
comprehend the hedging techniques available for protection against fluctuations in prices.
Ways & Means
Examples of contracts.
Statistical data.
To French entities : IFP Training is referenced to DataDock ; you may contact your OPCO about potential funding.
Please contact our disabled persons referent to check the accessibility of this training program : referent.handicap@ifptraining.com
IFPT Account
