European Gas &
LNG Analyst Mastery

Goal: Build deep understanding of EU gas ecosystem

• Evolution of European Gas Markets
• Liberalization & Unbundling (UK & EU)
• Key Players: Producers, TSOs, Traders
• Gas Value Chain (Upstream → LNG → Retail)
• UK vs Continental Europe Gas Market

Goal: Understand flows = pricing power

• Pipeline networks (Nord Stream, Yamal, TAP, Interconnectors)
• LNG terminals (UK, Spain, Netherlands, France)
• Storage (salt caverns, depleted fields)
• Regasification & liquefaction
• Flow constraints & bottlenecks

Goal: Core trading knowledge

• NBP (UK), TTF (Netherlands), PSV (Italy), THE (Germany)
• Hub pricing mechanics
• Bid/ask spreads, liquidity
• Hub vs oil-indexed pricing

Goal: LNG = global arbitrage engine

• LNG supply chain (US, Qatar, Australia)
• Spot vs long-term LNG contracts
• Destination flexibility
• JKM vs TTF arbitrage
• Floating storage & shipping dynamics

Goal: Make user desk-ready

• Spot vs Forward trading
• Seasonal spreads (Summer/Winter)
• Storage trades
• Swing contracts
• Basis trading (NBP vs TTF)

Goal: High-value niche skill

• LNG cargo economics
• Shipping optimization
• Reload & diversion trades
• Arbitrage (Atlantic vs Pacific)
• Portfolio optimization

Goal: Align with your ETRM expertise

• Market risk (VaR, stress testing)
• Credit risk (counterparties)
• Operational risk (logistics failures)
• Margining & collateral
• Extreme events (energy crisis scenarios)

Goal: London roles require regulatory depth

• REMIT (market manipulation rules)
• MiFID II (trading transparency)
• EMIR (derivatives clearing)
• Energy transition policies
• Carbon markets (EU ETS)

Goal: Your differentiator 🔥

• Gas demand forecasting (weather-driven)
• Storage level analytics
• Flow data (ENTSOG, GIE)
• Price modeling (time series)
• LNG tracking (AIS shipping data)

Goal: Bridge domain + tech

• Deal lifecycle in ETRM
• Scheduling & nominations
• Risk & PnL reporting
• Systems: Endur, Allegro, Aspect
• Data architecture for trading

Goal: Move toward senior roles

• Supply-demand modeling
• Scenario planning (war, sanctions, weather)
• LNG capacity expansion
• European energy transition
• Hydrogen & future fuels

Goal: Placement-focused

• Real interview questions (BP, Shell, Vitol)
• Case studies (pricing, arbitrage)
• Excel + Python assignments
• Market commentary writing
• CV + LinkedIn positioning