Overview of the North American Natural Gas Industry

Overview of the North American Natural Gas Industry

Course Summary
This one-day course is designed to introduce delegates to the functionality of the natural gas industry and those involved in its operation. Discussion includes physical natural gas beginning with exploration and concluding with the delivery to the burner-tip. This course uses an historical perspective to explain how the regulation shaped the current market place and will also introduce financial products used for hedging physical positions. Delegates will become familiar with industry nomenclature and operation of the physical natural gas market place.
Delegates interact through a trading simulation designed to show how trading has evolved and how different physical and price risks are managed with financial tools.Delegates will create and manage a natural gas position using fixed and floating price instruments.
8CPE creditsawarded for this course .

Requirements:
As this is an introductory course, there are no prerequisites.
Pre-classroom Study
As part of our blended learning package, this workshop has a specific web-based course which is recommended as pre-classroom study. Upon registering for the workshop delegates will receive details of how to access the web-based course. Access to the web-based course is included in the price of the classroom course. To optimize your classroom experience, it is recommended you take the appropriate online study as close to the classroom date as possible. The recommended pre-classroom study for this workshop is PrincetonLive.com's
Overview of the Natural Gas Industry .
Course content:

• Composition, Sources, Measurement of Natural Gas
  
• Industry players
  
• Transportation of natural gas
  
• Bid week
  
• FERC orders
  
• Basis
  
• Fixed vs. float
  
• Swaps
  
• NYMEX
  
• Bid/ask and bid/ask spread
  
• Spot, cash, futures, prompt, forward markets
  
• Industry publications
  
• Differences between a broker and a marketer
  
• Swing and baseload gas
  

Some topics covered in this workshop are specific to either the American or Canadian market and will be adjusted as necessary.