$1,999

LNG Trading Desk Master Program

Course
164 Lessons

Portfolio vs asset-backed LNG, and the spec-vs-flow control points. A senior, governance-first program of 120 cumulative chapters - built for people who run the desk, not those learning the basics. Disclaimer: Educational use only, Excludes vendor screenshots, licensed software and live demonstrations. Support, mentoring and consulting not included. Digital access, usage or downloads make the purchase non-refundable

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Program Brochure and Previews

etrm_lng-brochure.pdf

Module PDFs

Module 1 - Running an LNG Trading Desk (Chapters 1-12).pdf

Module 2 - LNG Market Structure That Actually Matters (Chapters 13-28).pdf

Module 3 - Senior LNG Trading Playbooks (Chapters 29-48).pdf

Module 4 - Valuation, Curves & Model Skepticism (Chapters 49-62).pdf

Module 5 - Risk, Credit & Survival (Chapters 63-78).pdf

Module 6 - Execution, Shipping & Operational Risk (Chapters 79-90).pdf

Module 7 - ETRM for LNG Trading Desks (Chapters 91-102).pdf

Module 8 - Regulation, Behavior & Accountability (Chapters 103-112).pdf

Module 9 - Desk Leadership & Legacy (Chapters 113-120).pdf

Module 00 - LNG From Zero (Chapters 0.1–0.14)

Module 00 - LNG From Zero.chapters.txt

Module 00 - LNG From Zero.mp4

0.1. Units, Conversions and the Four Ways to State a Cargo.m4a

Preview

0.2. Gross Heating Value and Why One Cargo Is Two Numbers.m4a

0.3. What a Liquefaction Plant Physically Is.m4a

0.4. What an LNG Carrier Physically Is.m4a

0.5. What a Regas Terminal Physically Is.m4a

0.6. Reading an SPA_ The Twelve Clauses That Carry Weight.m4a

0.7. FOB, DES, and Who Owns the Voyage.m4a

0.8. The Benchmarks_ Henry Hub, TTF, JKM and Brent.m4a

0.9. How an Oil-Indexed Price Is Built.m4a

0.10. Freight Arithmetic from First Principles.m4a

0.11. The Netback, Done by Hand, Both Directions.m4a

0.12. Futures, Swaps and What Clearing Does.m4a

0.13. Who Regulates What.m4a

0.14. The Desk_ Who Sits On It and What a Day Looks Like.m4a

Module 01 - Running an LNG Trading Desk (Chapters 01–12)

Module 01 - Running an LNG Trading Desk.chapters.txt

Module 01 - Running an LNG Trading Desk.mp4

Preview

1. What an LNG Desk Is Accountable For (P&L, Risk, Reputation).m4a

Preview

2. Physical vs Financial LNG Desks.m4a

3. Portfolio LNG vs Asset-Backed LNG Trading.m4a

4. Senior Trader vs Junior Trader Authority.m4a

5. Desk Mandates, Capital Allocation & Risk Budgets.m4a

6. When Not to Trade LNG.m4a

7. Spec vs Flow Control Points.m4a

8. How LNG Desks Actually Fail.m4a

9. Authority, Overrides & Escalation Rights.m4a

10. Senior View of LNG Desk P&L.m4a

11. ETRM as a Control System for LNG.m4a

12. Lessons from Failed LNG Desks.m4a

Module 02 - LNG Market Structure That Actually Matters (Chapters 13–28)

Module 02 - LNG Market Structure That Actually Matters.chapters.txt

Module 02 - LNG Market Structure That Actually Matters.mp4

13. Global LNG Value Chain (Liquefaction → Shipping → Regas).m4a

14. LNG Contract Types (SPA, FOB vs DES).m4a

15. Long-Term vs Spot LNG Reality.m4a

16. Pricing Indexation (HH, JKM, TTF, Brent).m4a

17. Destination Flexibility & Diversion Rights.m4a

18. Shipping Constraints & Fleet Availability.m4a

19. Canal Constraints (Panama, Suez).m4a

20. Liquefaction Outages & Plant Risk.m4a

21. Regas Capacity & Terminal Bottlenecks.m4a

22. Inventory-on-Water as Optionality.m4a

23. LNG Market Liquidity Illusions.m4a

24. Regulatory & Sanctions Risk.m4a

25. Seasonal LNG Demand (EU vs Asia).m4a

26. When LNG Curves Stop Working.m4a

27. Market Rule & Contract Changes.m4a

28. Case Study_ LNG Market Design Failure.m4a

Module 03 - Senior LNG Trading Playbooks (Chapters 29–48)

Module 03 - Senior LNG Trading Playbooks.mp4

Module 03 - Senior LNG Trading Playbooks.chapters.txt

29. Portfolio-First LNG Trading.m4a

30. Cargo Optimization & Optionality.m4a

31. Diversions_ When They Create vs Destroy Value.m4a

32. Cross-Basin Arbitrage Reality.m4a

33. Shipping Arbitrage vs Paper Arbitrage.m4a

34. LNG vs Pipeline Gas Substitution.m4a

35. Storage-on-Water Strategies.m4a

36. Weather-Driven LNG Trading.m4a

37. Event-Driven Trading (Outages, Wars, Sanctions).m4a

38. Liquidity-Aware Position Building.m4a

39. Scaling In vs All-In Cargo Positions.m4a

40. Knowing When You’re Wrong.m4a

41. Risk-Off Playbooks.m4a

42. Correlation Breakdown (LNG-Gas-Power).m4a

43. Trading Through Port & Terminal Failures.m4a

44. Netting vs Risk Masking.m4a

45. When Diversification Fails.m4a

46. Capital Allocation Mistakes.m4a

47. Senior Cargo Review & Post-Mortems.m4a

48. Case Study_ Desk That Made Money by Not Sailing.m4a

Module 04 - Valuation, Curves & Model Skepticism (Chapters 49–62)

Module 04 - Valuation, Curves & Model Skepticism.mp4

Module 04 - Valuation, Curves & Model Skepticism.chapters.txt

49. LNG Forward Curves - When They Lie.m4a

50. Index-Linkage Mispricing.m4a

51. Shipping & Boil-Off Modelling Errors.m4a

52. Liquefaction Tolling Valuation.m4a

53. Regas & Send-Out Optionality.m4a

54. Weather Models Traders Don’t Trust.m4a

55. Intraday Signals vs Noise.m4a

56. MTM as an Estimate, Not Truth.m4a

57. P&L Attribution on LNG Desks.m4a

58. Model Override Governance.m4a

59. Analytics Bias & Confirmation Risk.m4a

60. Stressing Models, Not Markets.m4a

61. Managing Analytics & Optimization Teams.m4a

62. Case Study_ Model-Driven LNG Loss.m4a

Module 05 - Risk, Credit & Survival (Chapters 63–78)

Module 05 - Risk, Credit & Survival.mp4

Module 05 - Risk, Credit & Survival.chapters.txt

63. Risk as Capital Preservation.m4a

64. Volume Risk from Plant & Shipping Variability.m4a

65. Basis Risk You Cannot Hedge.m4a

66. Liquidity Risk Under Stress.m4a

67. Credit as a Trading Constraint.m4a

68. Margin Calls During LNG Price Shocks.m4a

69. VaR - What It Misses in LNG.m4a

70. Stress Testing Extreme LNG Scenarios.m4a

71. Kill Switches & Trade Freezes.m4a

72. Who Pulls the Plug - And When.m4a

73. Risk Escalation Playbooks.m4a

74. Trading Under Regulatory Scrutiny.m4a

75. Lessons from Major LNG Dislocations.m4a

76. Europe Gas Crisis - LNG Desk Decisions.m4a

77. Asia Demand Shock - Cargo Repricing.m4a

78. Case Study_ Desk Survival Playbook.m4a

Module 06 - Execution, Shipping & Operational Risk (Chapters 79–90)

Module 06 - Execution, Shipping & Operational Risk.mp4

Module 06 - Execution, Shipping & Operational Risk.chapters.txt

79. Trade Intent vs Physical Reality.m4a

80. Chartering Strategy (Spot vs Term).m4a

81. Scheduling vs Trading Conflict.m4a

82. Boil-Off, Heel & Measurement Risk.m4a

83. Loading & Discharge Delays.m4a

84. Demurrage & Claims Management.m4a

85. Documentation & Settlement Failures.m4a

86. Intraday Adjustments Under Pressure.m4a

88. Manual Overrides & Audit Risk.m4a

87. Automation Failures.m4a

89. Follow-the-Sun LNG Desks.m4a

90. Operational Risk Case Study.m4a

Module 07 - ETRM for LNG Trading Desks (Chapters 91–102)

Module 07 - ETRM for LNG Trading Desks.mp4

Module 07 - ETRM for LNG Trading Desks.chapters.txt

91. ETRM as an LNG Risk System.m4a

92. Deal Capture for Cargoes & SPAs.m4a

93. Position & Exposure Views Traders Trust.m4a

94. Intraday Revaluation Reality.m4a

95. Shipping & Freight Modelling Gaps.m4a

96. Contract Optionality Limitations.m4a

97. Real-Time P&L - Myth vs Reality.m4a

98. Shadow Systems & Excel Dependency.m4a

99. Control vs Flexibility Trade-Off.m4a

100. Governance Failures in LNG ETRM.m4a

101. What an LNG Desk-Grade ETRM Looks Like.m4a

102. When Technology Becomes the Risk.m4a

Module 08 - Regulation, Behavior & Accountability (Chapters 103–112)

Module 08 - Regulation, Behavior & Accountability.mp4

Module 08 - Regulation, Behavior & Accountability.chapters.txt

103. Sanctions, Export Controls & LNG.m4a

104. Inside Information (Outages, Maintenance).m4a

105. Market Abuse & Manipulation Risk.m4a

106. Brokered & Voice Market Risk.m4a

107. Behavioral Risk & Overconfidence.m4a

108. Fatigue, Shift Trading & Errors.m4a

109. Culture_ Fear vs Discipline.m4a

110. Crisis Leadership on LNG Desks.m4a

111. Compliance Failure Case Study.m4a

112. Regulatory Fallout.m4a

Module 09 - Desk Leadership & Legacy (Chapters 113–120)

Module 09 - Desk Leadership & Legacy.mp4

Module 09 - Desk Leadership & Legacy.chapters.txt

113. Designing a Resilient LNG Desk.m4a

114. Capital Allocation Across Traders.m4a

115. Hiring & Firing Decisions.m4a

116. Compensation & Risk Incentives.m4a

117. Succession Planning.m4a

118. Desk Metrics That Matter.m4a

119. Avoiding Complacency.m4a

120. Lessons from Long-Lived LNG Desks.m4a