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Wednesday, April 27, 2016

Energy Trading and Risk Management Seminar

Energy Trading and Risk Management Seminar 

MCX &Resonance Energy organized a two day workshop in Delhi with the support of IEX, and Petronet LNG Delhi/Mumbai, April 25, 2016: Energy sector is on the path of growth in India driven by the consistent industrial and economic development. Keeping this in mind, India’s leading commodity exchange, Multi Commodity Exchange of India Ltd. (MCX), and Resonance Energy Pvt. Ltd. (REPL), a leading, independent energy advisory & research firm, organized a two day Workshop on ‘Energy Trading and Risk Management’ with the support of India Energy Exchange (IEX), Petronet LNG (PLL) in Delhi on April 21-22, 2016. 

The primary objective of the seminar was to create a better understanding of the drivers and dynamics of energy sector in India; developments and major issues in Global Energy Markets; and basics of energy derivatives contracts, and risk management tools offered by commodity exchanges, among others. It also aimed at educating energy stakeholders who wished to gain detailed insight into the characteristics of the most widely traded energy derivative instruments on commodity exchanges in India, together with their potential for hedging and risk management.

 The possibility of a gas trading exchange/hub in India in near future appears bright based on the experience of MCX in derivatives and futures trading, IEX experience in Physical Trading and PLL experience of LNG trading and regasification capacity. Addressing the energy stakeholders, including the corporates, Mr. Deepak Mehta, Vice President-Business Development & PKMT, MCX said, “The volatility in energy prices over the last few years has resulted in an increased emphasis on risk management activities by industry participants. Volatile energy prices can adversely dent the bottom line of companies if they choose not to manage their price exposures, which often results in the companies exceeding their budget, or worse. 

Thus, energy stakeholders can ensure stable profits by hedging energy price risk through derivative instruments such crude oil/natural gas futures contract available on commodity exchange platform such as MCX in India.” Mr. B. S. Negi, Chairman Organizing Committee; and Former Member, PNGRB said, “India is poised to have Gas Trading exchange where the experience of IEX, MCX, PLL and GAIL can be of great help” He further added that “Price risk management through commodity exchanges such as MCX is definitely the need of the hour for the energy value chain participants. Understanding the market movements and price dynamics, effective integration with global markets, tracking markets through an active energy desk and putting in place a robust hedging and risk management strategy is the key to success in ever changing, dynamic global energy market. Separately, a comprehensive risk management policy by corporates can also be in the larger interest of the overall economy, as it would restrict the price spillover effects of this universally used commodity to other sectors.” 

 Other prominent speakers who made presentations on topics such as Global Energy Market Dynamics & Volatility; LNG/Gas Contracts-Flexibility, 
Hedging and Trading Perspective, Global Indian Gas and Power Markets; and Gas trading in India, were Mr. R. V Shahi, Former Secretary, Ministry of Power; Mr RK Garg Dorector (Finance) Petronet LNG, Mr. S. N. Goel, CEO & MD, IEX, Mr Rajesh Mediratta Director IEX, Mr. S. Ravishankar, Director Strategies, Resonance Energy; Dr. B Mohanty, Member, PNGRB;Mr. Navdeep Bhatnagar, Asst. Professor, UPES, and Vivek Rahi from KPMG among others. About MCX: Having commenced operations on November 10, 2003, Multi Commodity Exchange of India Limited (MCX) is India’s first listed, national-level, electronic, 
commodity futures exchange with permanent recognition from the Government of India. 

MCX offers the benefits of fair price discovery and price risk management to the Indian commodity market ecosystem. Various commodities across segments are traded on MCX. These include bullion, energy, metals and agri commodities. The exchange has forged strategic alliances with various international exchanges, as well as Indian and international trade associations.

 For more information about MCX and its products visit www.mcxindia.com 

 For further details, contact: Shivani Sharma Manager - Communications Mobile: +91 98333 76243 Shivani.sharma@mcxindia.com
Energy Trading and Risk Management Seminar Reviewed by S. Chitra on April 27, 2016 Rating: 5 Energy Trading and Risk Management Seminar  MCX &Resonance Energy organized a two day workshop in Delhi with the support of IEX, and ...

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