Online Learning: Learning Paths

Gas Industry Overview

Length: 4 hours
Subscription: 2 months - 12 months
Cost: $295 -  $350
Prerequisites: None

A solid understanding of how the natural gas business works is imperative to a successful career in the industry. Gas Industry Overview presents a clear and easy-to-understand fundamental overview of this fast-paced business. Whether new to the industry or a veteran who is looking for a deeper understanding of the natural gas business, this learning path helps participants make sense of this dynamic industry. Note that two versions of this learning path are available: U.S. and Canadian/U.S.  

This course comprises the following modules:

  • Introduction
  • Gas Customers
  • The Gas Delivery System
  • Gas Operations
  • Gas Regulation
  • The Gas Marketplace
  • The Future of Natural Gas

Contact us at 866-765-5432 or e-mail for more information.

Need CPE credits for this learning path? Click here.

Following is a more detailed outline of content contained in the Gas Industry Overview learning path.

Introduction

  • Course objectives
  • Natural gas in our society
  • Physical properties of natural gas
  • Units used to measure gas

Gas Customers

  • The four key types of end-use customers (residential, commercial, industrial, electric generation)
  • Wholesale customers (utilities, marketers)
  • Number of customers and usage by customer class
  • How residential, commercial, industrial, and electric generation customers use gas
  • Aggregate demand and seasonal load curves
  • Services available to satisfy customer needs (bundled utility service, unbundled LDC distribution with competitive supply, bypass, alternate fuels, energy efficiency)
  • Average costs by customer type

The Gas Delivery System

  • What natural gas is, how it was formed, and where it is found
  • The North American supply regions
  • Global gas supplies
  • Gas system components (pipe, valves, compressors, regulators, meters, monitoring and control systems)
  • Exploration, completion, and production
  • Gathering and processing
  • Gas transmission (pipe, pressure, compressors, hubs)
  • The U.S. transmission network
  • Hubs
  • Gas storage (why gas is stored, how storage works, and where storage is located) • The components of the gas distribution system

Gas Operations

  • The entities responsible for gas operations
  • Principles of gas operations (compressibility, capacity, maximum and minimum pressures, line pack, packing and drafting)
  • System modeling for transmission and distribution systems
  • Maintenance of transmission and distribution systems
  • The four functions of gas control (forecast demand, develop operational plan, implement plan, and record daily activity)
  • Nominations and scheduling
  • Curtailments and how they are implemented
  • Gas balancing
  • Operational and emergency flow orders
  • Gas accounting
  • System maintenance
  • Emergency operations
  • How competitive markets and IT are changing the role of operations

Gas Regulation

  • What regulation is and does
  • Why the gas industry is regulated
  • The regulatory compact
  • How regulation affects market participants (LDCs, interstate pipelines, producers, marketers)
  • Who the regulators are (federal and state) and what they regulate
  • Four types of regulatory proceedings (rulemakings, rate cases, certificate cases, complaint cases)
  • How the regulatory process works
  • The various steps in the ratemaking process
  • Customer choice availability
  • How restructuring has impacted U.S. markets

The Gas Marketplace

  • Upstream, midstream and downstream market participants (who they are and what they do)
  • Gas market structure and the way in which participants transact business throughout the delivery chain
  • Following a typical gas transaction
  • How participants make money (regulated vs. competitive)
  • Contractual arrangements
  • Wholesale services (gathering, processing, supply, transportation, storage, hub services, risk management)
  • Retail services (LDC and competitive supply services)
  • How prices are set through the delivery chain
  • Principles of gas supply and demand
  • Why prices can be volatile
  • Gas market risks and how they can be mitigated
  • Regulation of market behavior

The Future of Natural Gas

  • The future of the upstream, midstream, and downstream sectors
  • The future of the workforce
  • The gas company of tomorrow
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