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 the
unprecedented growth of unconventional gas supplies mean for the future
of natural gas production and how it is changing infrastructures,
pipeline flows and delivery options.
- The issues and dilemmas the
industry faces in obtaining supply from new production technologies and
understanding what "reserves" are and the various definitions and
- The basics of gas gathering, operations, markets and regulatory issues.
- What gas processing is, how it operates, Natural Gas Liquids 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 companies 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 and state utility
commission 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 policy and regulatory issues that impact how
the industry operates and the information it collects and disseminates.
- 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 Rate Proceedings and how to understand capacity issues
and pipeline tariffs, transportation services, agreements and rates.
You Will Also Learn
overview of gas transportation, pooling, nominations, confirmations,
scheduling, receipt and delivery point priorities and balancing through
the delivery chain.
- What flow orders, 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 tariff
- 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".
gas pricing concepts and mechanisms and the essentials of locational
basis, commodity pricing and overview of the different types of price
- 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
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 InstructorJim Crist
Crist is President of Lumen Group, Inc. headquartered in the suburbs of
Pittsburgh. He has over 27 years experience in the energy industry
covering coal, gas, oil, propane, and electricity. Jim has conducted
many strategic studies of the industry and prepared market and business
assessments for several large energy companies. Before founding Lumen
Group in 1996, Jim spent 20 years working for major energy companies in
engineering, technology development, rate and regulatory policy
development and marketing. He served as marketing vice president in both
regulated and deregulated entities. His consulting practice provides
strategic planning, marketing and business development, and rate and
regulatory consulting, along with serving as an expert witness in
regulatory proceedings in several jurisdictions.
- Supply, Infrastructures, Operations and Regulatory Issues.Day Two
- Transportation, Choice, Tariffs and Pricing
The agenda is not yet available for this event.
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VenueHomewood Suites by Hilton Houston Near the Galleria
2950 Sage Rd, 77056
Houston, TX, USA
Telephone: (713) 439-1305
View 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.
Hotel and Seminar Information
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 12:00 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 seminars