19 November 2018
NATURAL GAS MARKET | THE ESSENTIALS & INTRODUCTION TO POWER EXCHANGE CONCEPT: MARKETS & PRODUCTS | National Event
110 Athinon Ave. GR104 42 Athens
from 19/11/2018, 10:00 to 20/11/2018, 18:00
DAY 1  
10:00-11:00    INTRODUCTION TO NATURAL GAS MARKET
  Natural Gas: The Physical Commodity 
  Gas Infrastructure: Transportation of Gas
  Gas Storage Overview (Types & Nature of Storages, Trade value)
  LNG Facilities 
  Regulatory Issues 
11:00-13:00 THE ECONOMICS OF GAS 
  The Dynamics of Trading Gas 
  Gas Commodity Pricing / Price Management 
  Futures, Forwards & Forecasts Curves 
  LNG Trading Strategies 
  LNG Hubs and Pricing 
13:00-14:00 Lunch Break 
14:00-16:00 EUROPEAN WHOLESALE GAS MARKETS 
  European Markets 
  How Markets are changing 
  Competition LNG versus pipeline gas 
  Risk, Risk Management & Hedging 
  Hedging Gas Price exposure (Physical, Futures, Swaps & Forwards Markets)
16:00-18:00 MARKET ANALYSIS 
  Short & Long-term Market Outlook
  Gas Risk Management to European Power Markets
  Supply Gas contracts structures & drivers 
  Take-or-pay, operation liabilities 
  The Politics of Gas 
   
  Instructors: Dr. Kostas Andriosopoulos & Mr. Ashutosh Shastri 
   
DAY 2
 
10:00-11:00 THE POWER EXCHANGE (PX)
  Introduction to Power Exchange concept and its development 
  Roles and responsibilities of PX 
  European and global power market development 
11:00-13:00 THE MARKETS
  Trading in Day-Ahead Market 
  The role of the Intraday Market 
  The Forwards Market 
  Bidding strategy and principles 
  Coexistence of bilateral contracts and Day-Ahead contracts 
13:00-14:00 Lunch Break 
14:00-16:00 THE ROLE OF NATURAL GAS IN PX 
  Natural Gas Trading in Power Exchanges 
  Trading, Transit & Transition Hubs 
  Evidence from Europe (Gas Hubs & Power Exchanges) 
  Traded Volumes and Prices 
16:00-18:00 CLEARING & TRADING ELECTRICITY DERIVATIVES 
  What is the benefit of clearing? 
  The tasks and risks involved for a clearing house 
  Product structure in power derivatives
  How the hedging mechanism works
  Physical contracts and trade in derivatives
   
  Instructors: Mr. Ashutosh Shastri & Mr. Filippos Ioannidis
NATURAL GAS MARKET | THE ESSENTIALS  & INTRODUCTION TO POWER EXCHANGE CONCEPT: MARKETS & PRODUCTS