Course:

UK Gas Trading & Risk Management

Duration:

one-day

Cost:

£500 (overnight accommodation is not included in this price.)

Dates & Locations:

27 September 12	London

• MJMTRAINING
• ONLINE
• INTERACTIVE
• PATHWAYS
• PLAUDITS

• PUBLIC COURSES
• GAS
• POWER
• LNG
• OIL
• CARBON
• TRADING
• MARKETS

• public course dates

  Course						Date		Venue
  EU Gas Markets						06 Mar		Oxford
  Gas Storage						14 Mar		London
  UK Electricity						21 Mar		London
  EU Electricity Markets						04 Apr		Oxford
  UK Gas Markets						24 Apr		London
  Energy Markets Course						21 May		Oxford
  LNG Economics & Markets						18 Jun		Oxford
  UK Electricity						03 Jul		Oxford
  UK Gas & Power						04 Jul		Oxford
  UK Gas Markets						04 Jul		Oxford
  Global LNG Market						12 Sep		London
  UK Gas Trading & Risk Management						27 Sep		London
  UK Electricity						09 Oct		London
  UK Gas Markets						10 Oct		London
  EU Electricity Markets						15 Oct		Oxford
  EU Gas Markets						24 Oct		Oxford
  21st C Gas Regulations						19 Nov		Oxford
  Gas Storage						05 Dec		Oxford

  COURSE DATES

• INHOUSE TRAINING

Course Description

The UK gas trading market is the most liquid in Europe, and is known for its high volatility and sometimes extreme prices. The UK gas – trading and risk management one-day seminar provides a practical overview of the UK gas trading market and explores risk management strategies for gas market players. The course includes a review of key drivers in the UK gas market, and the popular gas trading exercise, which gives delegates a hands-on experience of gas trading. Risk management workshops provide practical applications of strategies to company positions.

Course Content

Hover over the Module Titles for more information.

• • How the gas market works
  • Design principles
  • Operating practicalities
  • Regulation and rules
  UK Gas Market Principles, Processes and Regulation
• • Power Generation
  • Storage
  • Swing
  • Meeting Peak Demand
  • New Projects
  • LNG
  UK Gas Supply & Demand Overview & Trends
• • Seasonal but unpredictable demand
  • Role of weather, economic & social factors
  • Limited supply flexibility
  • Long pipelines, joint production, contract terms
  • Balancing and storage
  • Different operational regimes, high cost of storage
  • Gas price behaviour
  • Volatile, seasonal prices
  UK Gas Market Structure, Instruments & Price Behaviour
• • Derivative contract that gives the holder right (but NOT the obligation) to buy or sell the underlying contract at the strike price.
  • Call option
  • The right to buy at the strike price
  • Fixes maximum price
  • Put option
  • The right to sell at the strike price
  • Fixes minimum price
  What are options?
• • Types of player
  • Risks faced
  • Inherent optionality
  • Contracts
  • Physical position
  Gas Market Risks: Participants, Exposure and Optionality
• • The purpose of this exercise is two-fold:
    1. to enable the participants to think strategically about how to trade gas with a given gas supply and demand portfolio and,
    2. to give all the participants the opportunity to experience a gas trading environment via an ‘OTC’ market.
  Gas Trading Game
• Whilst we always allow time for questions during the course of the day, it always helps to have a discussion time at the end.Questions, discussion and close

The seminar is ideal for:

Risk managers and commercial operators | Traders and middle and back office staff | Commercial managers | Financial managers | Market analysts

Our terms & conditions are available here.