The LNG Trading & Optimisation course aims to give an overview of spot and short-term trading and LNG cargo diversions and the activities involved and team work needed to ensure smooth controlled trading and optimisation of LNG cargoes. It is designed for delegates who are either in LNG trading teams or are working in support functions, such as cargo operations, shipping, finance, risk management and legal.
2022 has delivered a big shock to some LNG traders who have seen extreme price spikes, pricing volatility and lack of liquidity. Suddenly LNG trading has broken the established rule book as it tries to accommodate and adapt around a very difficult business environment triggered by the Russian invasion of Ukraine.
It will look at physical trades and operations as well as an overview of price and volume risk management. It will illustrate how to build a practical risk matrix for trading which can be adapted to any organisation that is trading or starting to trade LNG.
Real life examples will be used to illustrate how to trade LNG. The value of negotiating flexibility into agreements will be discussed to show how it creates and protects value.
The course will be taught via a video conferencing platform, covering a combination of theoretical and practical case studies. The course instructor will adopt an interactive approach which will encourage active participation, delegate engagement and contribution through live sharing of views and experiences. The case study will convey real life scenario challenges in portraying or simulating the participants’ working environment.
Director, LNG Worldwide
Dr. Patricia Roberts is the Director of LNG-Worldwide Ltd since 2005. It is a consulting company offering commercial and practical advice in the gas/LNG supply chain globally.
Dr. Roberts spent 7 years, out of her 24 years with the Shell Group of companies in the front line, building the Shell Group’s global LNG business from both as an aggregator and as a long-term traditional offtaker from LNG projects, which included term purchase agreements in Oman, Nigeria, Qatar and Trinidad.
Current areas of consultancy expertise include fundamental analysis, supply/demand/price forecasting, Buyers’ new market entry, FSRUs as a fast-track to market, Sellers new project developments, LNG trading, LNG contracting advice and deal negotiations, creating, managing and optimizing LNG supply portfolios and helping to resolve disputes.
EXERCISE: OPTIMISING SHORT-TERM LNG AREEMENTS: THE LIFE OF A DIVERTIBLE LNG CARGO
This session demonstrates how to manage the operational and contractual options for a divertible LNG cargo, which is loading in a dynamic business environment.
This is based on an actual cargo experience. This interactive role-play in small groups allows participants to practice: –
The course will be taught live via a video conferencing platform, over four sessions of four hours each. The course director will adopt an interactive approach for active participation and delegate engagement.