Knowledge Redefined

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2 day Certificate Workshop on:

Essentials of LNG Markets and Trading

Understanding Trading, Derivatives & Hedging Strategies
on August 29-30, 2012 at Hotel Shangri-La, New Delhi

Topics Covered:
? Developments in the Global Gas Market

Learning Format:

? Overview of LNG Markets ? Importers and exporters LNG in the

Combination of lectures, class discussion, Case Studies & Simulating LNG Business Game on LNG Trading Arbitrage Pricing Between International Hubs.

different Regions ? LNG Trade Flows ? Long term vs. Short term LNG Trading Markets ? LNG Spot Market Asian ? LNG contracting structures and pricing mechanisms ? derivatives in LNG Use of ? Flexibility in Contracts: Arbitrage

2 day Certificate Workshop on:

Essentials of LNG Markets and Trading

Understanding Trading, Derivatives & Hedging Strategies
on August 29-30, 2012 at Hotel Shangri-La, New Delhi

Knowledge Redefined

Program Objectives
During this 2 day program, participants will learn the fundamentals of the LNG business value chain. This includes understanding the dynamics of the international LNG market covering the pricing mechanisms, regional and global market drivers, and the behavior of importing and exporting countries, LNG trade flows, Asian LNG market and indexation mechanisms, various kinds of contracting structure, detailed understanding of derivatives and arbitrage opportunities. The learning format is a combination of lectures, class discussion and a simulating LNG business game. The benefit of this course is that the participants will understand the integrities of the LNG business in a challenging and interactive way, whichwill facilitate the participants in their endeavor to do LNG business.

Key Benefits
? Provides an introduction of the international gas industry and

the key gas industry terms

? Summarizes the nature and dynamics of the regional and

international LNG markets

? Presents each element of the LNG value chain from upstream

exploration and gas supply to marketing and sales in the destination country ? the technology, design options and project economics Covers of the three key sectors of the industry: liquefaction, shipping and receiving terminals ? Outlines the LNG market trends, present day pricing options and indexation mechanisms ? Provides detailed understanding of the major terms of LNG purchase and sale contracts ? Demonstrates how LNG arbitrage occurs today with LNG spot cargoes that can be directed to any of the major markets ? Provides details on derivatives, trading and hedging strategies ? Practical learning is internalized by having teams of attendees participate in a challenging LNG business game

Workshop Methodology
This intensive program has a lecture/workshop format. Through an innovative workshop and simulation exercise, participants, working in teams, make the real-life decisions that confront managers in the international LNG business today.

Programme Location and Schedule

2 day Certificate Workshop on:

Essentials of LNG Markets and Trading

Understanding Trading, Derivatives & Hedging Strategies
on August 29-30, 2012 at Hotel Shangri-La, New Delhi

Core Faculty
Carlos Barberan Carlos is currently the LNG Services Leader at AFMERCADOS EMI. He was previously working in ESSENT TRADING as Origination and LNG Trading Manager & has more than 14 years of experience in the natural gas and LNG.He was also the CEO of Gaz de France in Spain for more than 7 years. Together with a partner, Carlos have conducted several studies on the behavior of all utilities in Spain and Europe linked to their supply contracts and arbitrages spot Gas-Gas and Gas-Power (global LNG and NG value chain). Carlos has successfully closed a deal for LNG import with one of the major player in India. Anish De Anish De is the CEO of AF-Mercados EMI Asia in New Delhi. He has over 16 years of experience in energy sector in India specializing in market design, reforms and policy issues in the sector. He has extensively worked in national and international markets including India, Iran, Pakistan, Turkey, Sri Lanka, Spain, Bangladesh, and Nepal. He has also provided assistance on various gas sector assignments covering a wide range of issues from changing market structure, promoting competition, promoting efficiency to increasing regulatory certainty, tariff charges, Advisory on LNG imports and LNG re-gasification terminal siting etc.Anish has successfully closed a deal for LNG import with one of the major player in India.He was the Project Manager for the Advisory Project for the proposed India-Iran-Pipeline project where he represented the consortium of GAIL, IOCL and the Govt. of India.He has been involved in the natural gas price pooling initiative of Government of India and has advised the Ministry on the tenable options for natural gas price pooling.

Guest Lecture
S. Ravishankar S. Ravishankar is an experienced Energy Sector Professional, with more than 25 years of experience, spanning the functional areas of Business Strategy, Marketing, Business Development and Project Execution in the Gas & Power and Petrochemicals domain. He is currently working as Senior Vice President Business Development & Strategy in Reliance Power Ltd and as Director in two upstream subsidiaries of Reliance Power group. He heads the Business Development of Gas based Power projects including Gas and LNG Sourcing, FSRU Project Development, Business Planning and Execution of Upstream Projects and Gas Sector Regulatory affairs. He has also worked as Head of CMDs office and in other senior positions in GAIL India Ltd. During his career, Ravishankar has been involved in a number of LNG and Gas Sourcing Assignments and concluded a number of Master Sale and Purchase Agreements and Framework Gas Supply Agreements with Multinational companies. He was also part of the team from GAIL that negotiated the first spot LNG cargo shipment into India. He has also spearheaded the Long Term Strategic Plan of GAIL entailing an investment of Rs 40,000 cr covering five major pipeline projects and petrochemicals expansion. Ravishankar holds a post graduate degree in Management from Indian Institute of Management, Ahmedabad and is a Chartered Financial Analyst. He has extensively traveled abroad on business assignments and has been a speaker in energy sector conferences in India and abroad.

REGISTER TODAY! +91-98102 33471 / sjain@metisbs.com

2 day Certificate Workshop on:

Essentials of LNG Markets and Trading

Understanding Trading, Derivatives & Hedging Strategies
on August 29-30, 2012 at Hotel Shangri-La, New Delhi

Knowledge Redefined

Day 1, August 29, 2012

Registration, Tea and Coffee Developments in the Global Gas Market 9.00am-9.30am 9.30am-11.00am

Day 2, August 30, 2012

Morning Tea and Coffee 9.00am-9.30am Asian LNG Spot Market 9.30am-11.00am 9.00am-9.30am 9.30am-11.00am

Natural gas Is it a global commodity? v v Natural gas markets- Regional and International-Link between the two
v Pipeline gas vs. LNG trade globally v Demand and Supply v Natural gas supply chain v drivers Price vunconventional gas resources Role

v Dynamics of Asia LNG spot market w Supply surge, new entrants and shifting demand

patterns
v Traditional players; South Korea ,Japan and Taiwan vbig players; China and India New v regional players; Thailand, Vietnam etc. Other vSingapore as future trading hub Role v Entrance new financial players v JKM Index v JCC linkage - Should India be benchmarked to JCC v LNG Swaps v Advantages Asian LNG Swap market v Practical Examples how markets work w Demand Japanese utilities w KOGAS from South Korea w Taiwan and Thailand v Outlook Asia LNG Spot markets

Tea/Coffee Overview of LNG Markets

11.00am-11.30pm 11.30am-1.00pm

v LNG Value Chain v and demand Supply v Regional or Global market v vs. Buyers market Sellers v LNG Trade Flows v Floating LNG Impact v widening Panama Canal Impact v Competition between markets w Supply; Atlantic Basin, Pacific Basin, Middle East LNG

Tea/Coffee LNG contracting structures and pricing mechanisms

11.00am-11.30pm 11.30am-1.00pm

and New producers w Import; Atlantic Basin, Pacific Basin LNG v Players, both upstream and downstream, and their major characteristics and strategies v trends Market v global Outlook Future
Lunch Importers and exporters LNG in the different Regions
v East Middle v Asia v America Latin v Africa v FSU v Europe v Australia

1.00pm-1.30pm 1.30pm-3.00pm

v Contract Structures v LNG sales and purchase agreements v of price formation mechanisms Types v Regulated vs. Unregulated v Trade agreements Spot v Oil linked , NBP linked , Henry Hub linked v LNG spot price; Netback pricing concept v Keyelements for contract negotiation v Risk elements in a contract and its mitigation

Lunch Use of derivatives in LNG

1.00pm-1.30pm 1.30pm-3.00pm

LNG Trade Flows

3.00pm-3.30pm

Shipping Terms v w FOB, CIF, DES v Shipping types and costs v routes Cargo v Reloading v Importance of shipping
Tea/Coffee Long term vs. Short term LNG Trading Markets 3.30pm-3.45pm

v derivatives Use of v Introduction to different gas derivatives w Forwards w Futures w Swaps w Options v Trading and hedging strategies: v Optimising return while minimising risk v Hedging against spot price risk v Hedging and liquidity risk v Evaluation of trading and hedging strategies

Tea/Coffee Flexibility in Contracts: Arbitrage 3.45pm-5.15pm

3.00pm-3.15pm 3.15pm-4.45pm

v Changing definition of -What is long term , short term

and what is spot

v Potential sources v Requirements v Growth drivers v LNG spot prices in Asia and Europe v Standard contracts Use of

Arbitrage Opportunities w Diversions and reloading v Potential players involved in arbitrage deal w Seller w Initial buyer w Trader v Playing the spread game v LNG Spread Asia vs. Europe v role US liquefaction capacity Future v on pricing Impact

Faculty will analyse the key implications for the Indian Market

2 day Certificate Workshop on:

Essentials of LNG Markets and Trading

Understanding Trading, Derivatives & Hedging Strategies
on August 29-30, 2012 at Hotel Shangri-La, New Delhi

Registration Form
Essentials of LNG Markets and Trading
Understanding Trading, Derivatives & Hedging Strategies on August 29-30, 2012 at Hotel Shangri-La, New Delhi

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