Day 2 - Tuesday, 29 September 200

09.00 Coffee and registration

09.30 Welcome remarks: Pauline McCallion, Reporter, ENERGY RISK MAGAZINE

09.10 Keynote address: Alignment of strategy and risk management

• Aligning strategic and operational risks to corporate strategic direction and plan
• Participation in Board/ Executive/ Divisional strategy review and development
• Demonstrating the long-term value of risk management and bottom-line value
• Assimilating business feedback directly into the risk framework, processes and tools
• Core principles to the approach including consulting techniques
• Real-world stories on engagement with leaders in tackling strategic problems

Matthew Mueller, Head of Corporate Risk, WESTERN POWER

10.20 - Challenges in the Chinese oil and gas market development and risk management
• Outlook and challenges of the Chinese oil and gas market development
• The practice of futures market of SHFE fuel oil
• Quantitative research on price discovery on fuel oil
• Implications of fuel oil market practice on Chinese oil and gas market reform

Dr Zhen Wang, Dean and Professor, School of Business Administration & Executive Director of China Energy Strategic Research Institute, CHINA UNIVERSITY OF PETROLEUM

11.00 Morning break

11.30 Volatility trading strategies

• Basics of option and swap pricing
• Comparison of swaps, futures and options under differing trading conditions
• Long & short-term volatility dynamics
• Volatility, probability, standard deviation and lognormal distribution
• Understanding what it means to be a risk-informed hedger/ trader

Jonathan Kornafel, Director, Asia, HUDSON CAPITAL ENERGY

12.10 Lunch

13.10 Keynote address: An airline perspective on managing fuel price risk

• The economic rationale
• The objectives
• The structure
• The instruments
• Making decisions
• Implementing the hedges
• Transparency to the Board
• Transparency to the market
• Changing policy
• Recent lessons

Paul Kelway, Corporate Treasurer, AIR NEW ZEALAND

13.50 The development landscape in renewable energy in Asia

• Hot renewable areas for investment
• Renewable energy investment and risk

Edgare Kerkwijk, Managing Director, ASIA GREEN CAPITAL

14.30 Coffee break and networking opportunity

15.00 Investor panel discussion: Discovering long term opportunities in the energy markets

• Will institutional investors return to energy markets at the same or greater scale than pre-financial crisis
• The shifting investor appetite for other commodities, renewable energy and green derivatives and its consequences in portfolio management

Jonathan Kornafel, Director, Asia, HUDSON CAPITAL ENERGY
Edgare Kerkijk, Managing Director, ASIA GREEN CAPITAL
Lionel Semonin, Founder & Chief Investment Officer, FOUR ELEMENTS CAPITAL
Peter McGuire, Managing Director, CWA GLOBAL MARKETS

15.50 Closing remarks: Pauline McCallion, Reporter, ENERGY RISK MAGAZINE

16.00 End of conference