The Gas Chain Concept - Industry Structure, Economics, and Pricing

The Gas Chain Concept - Industry Structure, Economics, and Pricing

Course Summary
This highly popular five-day course provides a comprehensive introduction to the concept of the 'gas chain,' a thorough understanding of which is essential for anyone associated with the natural gas business. The result is an understanding of the interdependence of each phase of the gas business and the implications of this for the commercial organisation, finance, operation and structure to commercialise gas reserves.
What you will learn

• The organisation of the natural gas industry: the gas chain
  
• Production, transportation and supply factors
  
• Economics of natural gas production
  
• Pricing concepts and marketing
  
• Government involvement: regulation, control and competition
  
• Formal issues will be woven around the Bolonia© case study, focusing on the economics of multi-source gas supply, imports transmission, distribution and marketing using a computer model for forecasting
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  Organisation of the Natural Gas Industry
  
  
  
  • Historical review
    
  • Organisation of the industry in industrial countries,
    
  • LDC's issues which affect the industry structure
    
  • Conveyance of gas and the relation to electricity supply chains
    
  • Economic issues which affect the industry structure
    
  • Principles of project evaluation and financing
    
  • Concern of producer and user governments vs. consumers
    
  • Monopoly supply, control or supervision by authorities
    
  • Recovery of large original investment and long lead time
    
  • Problems of irregularity of demand
    
  • The gas supplier/customer relationship
    
  
  Production, Transportation and Supply Factors
  
  
  
  • Economics of natural gas production
    
  • The producer/transmission interface
    
  • Onshore and offshore pipelines
    
  • Owned and common user systems
    
  • LNG fundamentals: production, liquefaction, shipping and re-gasification
    
  • Operational problems encountered
    
  • Economics of introducing natural gas into a country which has no gas infrastructure
    
  
  Pricing Concepts and Marketing
  
  
  
  • Pricing mechanisms
    
  • Competition at the burner-tip
    
  • Negotiated prices
    
  • Characteristics of market sectors for gas
    
  
  Government Involvement: Regulation, Control and Competition
  
  
  
  • Effect of taxation and royalties on
    
  • project economies
    
  • Differing regulatory systems around the world
    
  • Pros and cons of government control
    
  
  Case Study
  
  
  
  • Formal issues will be woven around the Bolonia© case study, focusing on the economics of multisource gas supply, imports transmission, distribution and marketing using a computer model for forecasting