International Gas Markets and Trading

About the Course

With growing demand for LNG, shifting trade routes, and increasing price volatility, market participants are operating in a more complex and interconnected landscape than ever before. Geopolitical developments, regulatory interventions, and supply-demand imbalances shape global gas flows and pricing dynamics. The liberalisation of gas markets has accelerated competition and transformed traditional supply relationships. At the same time, the rise of regional trading hubs and spot-based pricing has introduced greater liquidity and transparency into the market. Flexible contracting models have replaced rigid long-term agreements, requiring more agile commercial strategies. As global energy security becomes a strategic priority, gas trading and market operations professionals must understand how these factors converge to influence value, risk, and opportunity.

This 5-day International Gas Markets and Trading training course is designed to equip delegates with the insights and tools necessary to operate effectively in response to the fluid and globally interconnected gas economy. It provides a structured view of how commercial decisions, pricing strategies, and trading operations interconnect across global gas value chains, which supports professionals in developing a working knowledge of how to evaluate market signals, structure commercial arrangements, and confidently manage trading exposures. Delegates will leave with a firmer grasp of the forces driving gas market behaviour and the levers available for optimising value in physical and financial transactions, whether in origination, procurement, trading, or risk management. It is essential for professionals aiming to build strategic capability in a competitive and increasingly globalised gas trading environment.

Core Objectives

The delegates will achieve the following objectives:

• Describe the structure and dynamics of global gas and LNG markets
• Identify key pricing mechanisms and regional benchmark indices used in gas trading
• Differentiate between various contract types and commercial arrangements in international gas trade
• Analyse the impact of geopolitical, regulatory, and market factors on gas pricing and supply flows
• Evaluate trading strategies and risk exposures in physical and financial gas markets
• Apply commercial frameworks and trading principles to real-world market scenarios
• Formulate strategic approaches for optimising trading performance and commercial decision-making

Training Approach

This training course involves live instruction, market simulations, and guided trading exercises. Through hands-on tasks, delegates will explore trading workflows, benchmark dynamics, and hedging methods. Emphasis is placed on building confidence in gas trading operations and decision-making under volatility.

The Attendees

This training course is suitable for professionals in commercial, trading, analytical, or strategic roles within the international gas and LNG sectors.

It will be valuable to the professionals, but not limited to the following:

• Gas and LNG Traders
• Energy Market Analysts
• Compliance Officers
• Commercial and Contract Managers
• Gas Procurement and Origination Specialists
• Risk Management and Portfolio Analysts
• Business Development Managers in Energy Trading
• Strategic Planning and Investment Professionals
• Asset and Operations Managers in Gas & LNG Supply Chains
• Business Development Managers in Energy Trading

Daily Discussion

DAY ONE: GLOBAL GAS MARKET STRUCTURE AND SUPPLY DYNAMICS

• Key Players in International Gas Markets
• Natural Gas vs LNG Market Segmentation
• Regional Market Characteristics and Interdependencies
• Supply Sources: Pipelines and LNG Infrastructure
• Importing and Exporting Countries
• Geopolitical Impacts on Market Access and Flows

DAY TWO: PRICING MECHANISMS AND GAS MARKET BENCHMARKS

• Gas-on-Gas Competition and Oil-Indexation Models
• LNG Spot Pricing and Regional Price Differentials
• Key Market Benchmarks – Henry Hub, TTF, JKM
• Hub-Based Pricing and Liquidity Factors
• Contract Price Formulas and Index Linkages
• Factors Influencing Short-Term and Long-Term Price Volatility

DAY THREE: CONTRACT STRUCTURES AND COMMERCIAL FRAMEWORKS

• LNG Sale and Purchase Agreements (SPAs)
• Pipeline Gas Contracts and Delivery Terms
• Take-or-Pay and Flexibility Clauses
• Destination Clauses and Diversion Rights
• Contract Tenure and Volume Structures
• Regulatory and Commercial Terms in Cross-Border Deals

DAY FOUR: GAS TRADING OPERATIONS AND MARKET PLATFORMS

• Physical vs Financial Gas Trading Activities
• Spot and Forward Market Trading
• Exchange-Based vs Over-the-Counter (OTC) Trading
• Role of Market Hubs and Trading Platforms
• Gas Scheduling, Nominations, and Balancing
• Transaction Settlement and Trade Lifecycle Management

DAY FIVE: RISK MANAGEMENT AND COMMERCIAL OPTIMISATION

• Market Risk Exposure in Gas Trading
• Price Risk and Hedging Strategies
• Credit and Counterparty Risk Controls
• Portfolio Optimisation and Storage Arbitrage
• Regulatory Risk and Compliance Oversight
• Connecting Trading and Commercial Functions

Certificate Awarded

Upon successful completion of this training course, participants will be awarded a Certificate of Completion from XCalibre Training Centre, acknowledging their accomplishment. This certificate serves as a testament to their dedication to developing their skills and advancing their expertise in their respective fields.