Understanding A Liberalised Gas Business - Markets, Open Access and Regulatory Impacts

Course Summary
Increasing exploitation of the world's natural gas reserves means that more and more countries are faced with the problem of developing and organising gas supply businesses. This five-day course examines regulation, transportation and markets from the points of view of the regulator, the transporter and the shipper. A number of case studies will be used from different countries to illustrate the issues involved when introducing privatisation/competition/regulation into gas industries in various stages of development.
What You Will Learn
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Terminology of the competitive gas supply business

Main drivers for competition

Amount of gas chain amenable to competition

How competition should be introduced

What competitive gas markets are and who can participate

When and how regulation should be applied

Gas transportation and storage: charging concepts, banking, capacity trading, transportation contracts and the shippers' view
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Suitability:

• Managers and policy makers wanting to improve their understanding of the restructuring, privatisation, liberalisation and regulation of the gas industry worldwide and its impact of the gas business
  
• Managers, commercial and technical staff, economists and planners with present or future responsibility for operating or regulating a gas supply business
  
• People from overseas gas companies who are interested in the experiences of other countries, particularly the USA and UK, where competitive gas markets, open access transportation and regulation have been introduced
  

Course content:
Concepts and Definitions

• Negotiated access
  
• Third party access
  
• Open access
  
• Common carriage
  
• What are the main drivers?
  

Introducing Competition in the Gas Industry

• What types of competition can be applied?
  
• Ho- much of the gas chain is amenable to competition?
  
• Ho- should competition be introduced?
  
• Pros and cons
  

Competitive Gas Markets

• What are competitive cas markets?
  
• Who can participate?
  
• Who has rights of access to pipelines?
  
• What are the benefits?
  
• What are the main requirements?
  

Regulation of the Gas Industry

• Why is it necessary?
  
• What are the main types of regulation?
  
• Ho- do they operate?
  
• Ho- effective are they?
  
• Examples of regulatory organisations
  

Gas Transportation and Storage

• Charging concepts
  
• Firm, interruptible, no-notice and other types of transportation contracts
  
• Banking
  
• Capacity trading
  
• Network code
  
• The shippers view
  

Case Studies

• A number of case studies will be used from different countries to illustrate the issues involved when introducing privatisation/competition/regulation into gas industries in various stages of development