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
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.
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.
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.
keys parts of natural gas pipelines, how pipelines operate, who the
pipeline players are and the significant issues pipeline face in a
- 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.
LDC physical plant-related operations, how they work, LDC economic and
rate worries and regulatory trends in today's market.
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.
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.
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.
the natural gas transportation and capacity release business is handled
along each segment of the delivery value chain and how it operates.
essentials and the changing dynamics of transportation capacity markets
due to unprecedented infrastructure operational and flow changes.
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.
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.
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".
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.
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.Prerequisites and Advance Preparation
This fundamental level group live seminar has no prerequisites. No advance preparation is required before the seminar.Program Level
Basic level. This fundamental course begins with basic material and then proceeds to the intermediate level.Delivery Method
Each Class is Limited to First 20 Registrants
Your InstructorGreg Peters
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.
- Day One - Supply, Infrastructures, Operations and Regulatory Issues.
- Day Two - Transportation, Capacity, Wholesale Market Operations and Pricing.
Hotel and Seminar Information
two-day seminar will be held at the hotel listed below. The seminar
will start promptly at 8:00 AM and will finish at 4:00 PM on the first
day. On the second day, the seminar will resume at 8:00 AM and will
finish at 1:00 PM. The program includes continental breakfast, lunch,
and coffee breaks. Attendees also receive a professionally produced
seminar manual that can serve as a valuable office reference. Dress is
casual for all seminarsHomewood Suites by Hilton Houston Near the Galleria
2950 Sage Road
Houston, TX 77056
Telephone: (713) 439-1305View Seminar Location Website
Because of the diversity of hotels found in the area, we will not be holding a block of sleeping rooms with one particular hotel.