Industry
Gas Market Dynamics
Get an inside look at gas markets, the services sold in them and the strategies for success used by market participants
In this interactive two-day seminar you will gain an in-depth understanding of today's natural gas markets. You will also learn the basics of wholesale trading and retail marketing, as well as the risks that market participants encounter and the strategies they employ to manage risk and achieve success.
You will learn basic concepts of natural gas markets and transactions including supply and demand, pricing, the role of new production such as shale gas, the role of liquefied natural gas (LNG), and the causes of price volatility in the short and long term and how various market participants structure business arrangements and portfolios given these realities. The course also provides an insight into the myriad of opportunities and risks faced by participants in natural gas markets and the ways in which they can be managed.
This course was designed with your participation in mind! Questions and discussion among attendees are highly encouraged. And you will participate in a number of group exercises that will give you a real-world perspective of how gas markets actually work. You will leave this information-packed seminar with relevant and current information that can be applied immediately to your work!
Prerequisites: Gas Business Understanding, or a comprehensive understanding of the natural gas business.
Contact us at 866-765-5432 or 'info' for more information.
-
Houston, TX
-
10/16/2013-10/17/2013
Magnolia Hotel
1100 Texas Ave.
Houston, TX 77002
(713) 221-0011
$1490 $1290
(discount expires 9/25/2013)
-
Is Gas Market Dynamics the right seminar for me?
If you are a professional in the natural gas business but struggle to understand the behavior of markets and how participants structure transactions, this seminar is for you! Whether you have recently moved into a position that requires you to interact with gas markets or are a veteran that needs a deeper understanding of complex market details, you will benefit from this comprehensive description of how markets work and how market participants survive and succeed.
While anyone involved in natural gas markets should consider this seminar, here are the types of employees who have found this class especially helpful to their continued success in the industry:
- Previous participants in Enerdynamics' Gas Business Understanding seminar ready to take their knowledge to the next level
- Finance and accounting professionals providing support to traders, procurement groups, gas producers, electric merchant generators, pipeline owners, gas utilities, and retail marketers
- Employees in a utility or retail marketing procurement function needing a deeper understanding of wholesale markets
- Employees of production companies
- Legal professionals providing services to clients involved in natural gas markets
- Regulatory professionals overseeing companies involved in natural gas or electricity markets where gas-fired generation is an important factor
- Pipeline account representatives and department managers
- Sales professionals with clients who are involved in gas markets
- Professionals in support functions for wholesale trading and risk management
- Gas system operators wanting a deeper understanding of the needs of gas market participants
- Utility account representatives and department managers
- Professionals involved in electricity markets where gas-fired generation is an important factor
- Professionals who have joined merchant generators, wholesale marketing, pipeline, retail marketing, or utility procurement organizations within the last two years
How will Gas Market Dynamics help me?
If you are a professional working for an organization involved in natural gas markets you probably understand pieces of how markets work, but haven’t had the time or opportunity to put all the pieces together. By attending this seminar you will learn in clear and concise language the structure of gas markets, services traded in markets, how the various markets and services relate to each other, and the strategies used by market participants. And then you’ll get to utilize your knowledge to experience how markets impact participants. You will return to your job with a solid understanding of gas markets and the knowledge you need to delve even deeper into the market details relevant to your specific position.
In two information-packed days, this dynamic course will provide you with a solid understanding of:
- How gas markets are structured and function
- The current state of gas markets
- How new sources of supplies such as shale gas are impacting markets
- How new liquefied natural gas (LNG) developments will impact markets
- How natural gas prices are set and what affects price volatility
- How supply, transportation, and storage transactions are typically structured
- Key principles of wholesale trading
- Key principles of retail marketing
- How risk is managed and portfolio value is determined
- Market strategies used by producers, wholesale traders, retail marketers, and utility procurement groups
- And, what to expect for the natural gas industry in the future
Gas Market Overview
- Natural gas units
- The physical system and market sectors
- Sources of supply
- Typical gas flows
- Pipeline and storage infrastructure
- Market hubs
- How customers use natural gas
- What is a gas market?
- Monopoly vs. competitive markets
- Bundled vs. unbundled service
- Participants in the natural gas delivery chain
- How prices change through the value chain
Liquefied Natural Gas (LNG)
- What is LNG, how is it used and why is it important?
- Existing and proposed LNG facilities
- The LNG delivery chain
- How prices change through the LNG value chain
- LNG regulation, safety, security, and public perceptions
- Global LNG demand and production
- How prices and demand elsewhere in the world impact LNG supply to the U.S.
The Current State of the Gas Market
- Current and historical pricing
- U.S. demand and the factors that influence it
- U.S. production, imports by pipeline, exports, and LNG imports
- Key factors in determining production levels (drilling rates, success rates, shifts in production types)
- The gas storage network
- Shale gas and coalbed methane
- New sources of gas beyond domestic shale and coalbed methane
- Recent and future pipeline expansions
- Where future supply is expected to come from
- Details on U.S. gas markets by region
- Key factors to consider when analyzing price
- The factors that influence the overall price of natural gas
- The factors that contribute to price volatility
Wholesale Markets
- What is wholesale trading?
- Market participants and their roles
- Transaction segments (long-term, monthly, daily)
- Functions of a trader and how supply is contracted
- Risks associated with wholesale trading
- Details on how a supply deal is done
- Business models for wholesale trading and examples of how they work
- Pipeline service options and opportunities to profit from them
- The scheduling process and balancing
- How the market values transportation
- Storage service options and opportunities to profit from them
- Hub services and opportunities to profit from them
- Issues with developing a wholesale trading portfolio
Retail Marketing
- The uniqueness of customers and retail markets
- Retail customer needs and options for filling them
- Gas supply choice state-by-state
- Typical retail customer choices in an unbundled market
- Risks associated with retail products
- Services available in the marketplace
- Business strategies for retail marketing
Value and Risk
- Risk exposures in the energy business
- Commodity positions and defining long and short
- Mark-to-market
- How complex assets are valued
- Measuring risk (determining VaR)
- Stress testing
- The risks associated with gas transactions
- Physical and financial tools that are used to manage risk
- Using futures and swaps
- The energy company risk management organization
The Future of Gas Markets
- Trends to watch
- Longer-term issues affecting gas markets
"Excellent training, I look forward to taking more classes."
Susan B
WPS Energy Services
"[The instructor] had a seemingly endless knowledge about the course material and subject matter"
Josh H
"Loved everything associated with this course."
Sam F
Chesapeake Midstream
"Great interaction between attendees and instructor. [She was a] great communicator and knowledgeable."
Mark L
Enerfab
Group discount
Attend this seminar with your workgroup and you can save up to 25%. For every three people from the same company who attend this course, the fourth is free!
Networking reception
In addition to all you will learn, this seminar is also a great networking opportunity. We offer a hosted reception the first night of your course, which gives you the opportunity to continue networking with colleagues in a casual and comfortable environment. This is a great opportunity to develop valuable new relationships with peers in other companies and agencies.
Course length
Two days
Prerequisites
Gas Business Understanding, or a comprehensive understanding of the natural gas business.
Seminar times
This seminar begins at 8:30 each day, and ends at 5:00 the first day and 4:00 the second day. But feel free to come early to enjoy complimentary breakfast, ask questions of your instructor and network with other class participants.
Registration fee
$1,490 (save $200 - only $1,290 if paid three weeks prior to seminar). This fee includes continental breakfast, lunch and morning and afternoon breaks. The fee also includes course materials and a networking reception the first night.
Cancellation policy
All class sizes are limited and your place in class is held exclusively for you. Registrations cancelled two weeks or more prior to the seminar date will receive a full refund minus a 10% administrative fee or a credit for 100% of the registration fee good towards any other Enerdynamics product. Registrations cancelled with less than two weeks notice but more than two days notice will receive a credit for 100% of the registration fee good towards any other Enerdynamics product. Registrations cancelled with less than two days notice are not eligible for refund or credit. Substitutions may be made at any time and without additional cost.
Contact us at 866-765-5432 or 'info' for more information.
-
CPE credits? Absolutely!
-
Bring this seminar onsite
-
No risk to you!
![Close [X]](../_images/btn_X.png "Close [X]"){kind=small}