This comprehensive and clearly explained program is for professionals who are seeking an in-depth understanding of today's North American natural gas industry and want to be up and running to make intelligent and prudent trading and buying decisions.
Learn how the transportation/delivery infrastructure works and how deals are done. Know who the natural gas market participants are and how commercial transactions occur along each segment of the value chain. Understand and apply your knowledge of how the wholesale natural gas and transportation markets operate and where the new opportunities are in today's dynamic natural gas marketplace.
You will be more confident and benefit from knowing comprehensive nuts-and-bolts fundamentals through to understanding physical transactions and strategies to start making money and avoiding costly mistakes.
What You Will Learn
- A detailed understanding of all parts of the natural gas value chain, infrastructure components and how the natural gas industry operates across the value chain spectrum.
- What natural gas is, how it is created, the different "types" of natural gas based on various factors and sources, terminology, measurements and conversions.
- The essential of understanding how gas is used, by whom and what are demand drivers and related issues.
- The basics of natural gas production, drilling techniques and economic and market issues around production operations in different types of production basins that impact supply availability.
- What does the unprecedented growth of unconventional gas supplies mean for the future of natural gas production and how it is change infrastructures, pipeline flows and delivery options.
- The issues and dilemmas the industry faces in obtaining supply from new plays with new production technologies and understanding what ''reserves'' are and the various definitions and estimation methods.
- The basics of gas gathering, operations, markets and regulatory issues.
- What gas processing is, how it operates, NGL extraction flows, and related economic issues in today's market.
- The importance of gas quality issues and the economic, operational and regulatory concerns about gas quality and the different concerns along the value chain about gas quality and interchangeability.
- The keys parts of natural gas pipelines, how pipelines operate, who the pipeline players are and the significant issues pipeline face in a changing market.
- The importance of storage, the different types, operations and storage development issues.
- How LNG terminals work and how North American supply developments are impacting the evolving markets for global LNG.
- Significant LDC physical plant-related operations, how they work, LDC economic and rate worries and regulatory trends in today's market.
- Who regulates what, where, how and why and how FERC policy, major Orders and regulations have evolved into today's "open access" environment.
- How natural gas delivery and storage is regulated across the value chain and how it continues to evolve in today's environment.
- Significant FERC regulatory initiatives, policies and Orders that have transformed the industry and currently "hot" policy and regulatory issues that may significantly change how the industry operates and the information it collects and disseminates.
- The impacts of FERC's policies on new pipelines, expansions and capacity.
- Evolving State regulatory concerns, issues and the changing role of state regulators.
- Overview of regulated rate components and rate design and new rate and policies on the horizon.
- The fundamentals of Certificate and Rate Proceedings and how to understand capacity matters and pipeline tariffs, transportation services, agreements and rates.
You Will Also Learn
- How to assess transportation services and options and understand the wide range of transportation services and arrangements.
- How the natural gas transportation and capacity release business is handled along each segment of the delivery value chain and how it operates.
- The essentials and the changing dynamics of transportation capacity markets due to unprecedented infrastructure operational and flow changes.
- The details of gas transportation, pooling, nominations, confirmations, scheduling, receipt and delivery point priorities and balancing through the delivery chain.
- What PDAs, OBAs, OFOs, etc., allocations, penalties, interruptions and curtailments are, and why they are important.
- The essentials of factors involved in bringing gas to market, transportation services and types, rates and rate components and pipeline tariff components.
- The terminology, concepts and mechanics of physical natural gas trading, wholesale market centers, and pool-to-pool virtual title transfers.
- The changing dynamics of capacity markets with new production sources, pipelines, storage and LNG projects and the impacts on overall gas transactions, including commodity pricing, basis differentials and pipeline capacity.
- Who the key commercial value chain participants are and how they manage their respective segments and their different objectives.
- How marketers put together and process deals through each step in the "Front, Middle and Back Offices".
- How wholesale physical gas trading is done at physical market centers and the critical roles that transportation management and capacity release play in determining gas delivery pricing.
- Natural gas pricing concepts and mechanisms and the essentials of locational basis, commodity pricing and overview of the different types of price tools.
- The essentials of factors impacting price volatility and commodity price components.
- The major types of transaction risks, the fundamentals of price risks and risk assessment in commercial operations.
- How to apply pricing strategies, market prices, risk assessment and load requirements for gas procurement strategies and requirements.
Who Should Attend this Seminar
Professionals from natural gas and electric utilities, energy producers, pipelines, municipals, energy marketers, banks, government regulators and industrial companies; energy and electric power executives; new hires; attorneys; government regulators; traders & trading support staff; marketing, sales, purchasing & risk management personnel; accountants & auditors; plant operators, engineers, corporate planners and anyone needing a strong foundation in the U.S. and Canadian natural gas business.
Each Class is Limited to First 20 Registrants
Greg Peters is President, EnVision Energy Solutions and the natural gas consultant to the Midwest ISO and author of several of the MISO's electric - natural gas infrastructure interdependency studies. Mr. Peters has over 25 years of energy industry consulting and management experience and is an expert in energy products and services marketing and supply planning, procurement and energy management. Mr. Peters' consulting experience includes several years as Manager of Price Waterhouse's National Public Utilities Consulting Services and currently as President, Envision Energy Solutions Company. Envision provides gas, electric and fuel management consulting services to a wide range of industrial, commercial and municipal end-users. Previously, Mr. Peters has had fuel procurement, fuel management and planning responsibilities for Columbia Energy Services Corporation, Equitable Gas Company, and The Peoples Natural Gas Company.