The U.S. Natural Gas Industry and Energy Transactions Seminar

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.
• 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 estimation methods.
• The basics of gas gathering, operations, markets and regulatory issues.
• What gas processing is, how it operates, Natural Gas Liquids, 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 companies are and the significant issues pipeline face in a changing market.
• The importance of storage, the different types, operations and storage development issues.
• Significant LDC physical plant-related operations, how they work, LDC economic and rate worries and regulatory trends in today's evolving markets for global LNG
• Who 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.
• Significant 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.
• The fundamentals of Rate Proceedings and how to understand capacity issues and pipeline tariffs, transportation services, agreements and rates.

What You Will Also Learn

• An 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.
• The essentials of factors involved in bringing gas to market, transportation services and types, rates and rate components and tariff components.
• 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".
• 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