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International Natural Gas Business (PBM13)

  • 11-14 September 20174 daysVienna, AustriaCourse Fee: 2950 EUR + VAT

Description

Despite synergies in exploration and production, natural gas and oil markets differ. This course provides an understanding of international natural gas market structures, players and rules - covering the economics of the natural gas industry along the value chain, with an international perspective and hands-on experience.

Course Level: Basic to Intermediate
Instructor: Andrej Pustisek

Designed for you, if you are...

  • A manager, engineer or geoscientist from industry, consultancy firms, traders or regulatory and governmental institutions, who has an interest in acquiring profound knowledge of the international natural gas business

A basic understanding of the fundamentals of the industry as well as economy and business is assumed.

How we build your confidence

  • Interactive lecture based on up-to-date industry information and practical experience
  • Case studies
  • Simulations
  • Web based information access
  • Individual and working group exercises
  • Extensive handouts for individual repetition and additional documentation

The benefits from attending

By the end of the course you will feel confident in your understanding of:

  • The natural gas business and the different markets
  • Competitors’, suppliers’, customers’ and regulators’ intentions and incentives
  • How to structure and negotiate natural gas sales, transportation and storage contracts
  • Interdependencies and differences between natural gas sales, transportation and storage
  • How to determine and evaluate gas prices
  • Unbundling and the role of natural gas transportation and storage
  • Current natural gas market trends
  • Essential sources of information

Topics

  • Fundamentals
    - Natural gas as a source of energy: users, usage and usability
    - Components, players and interdependencies of the natural gas value chain - incl. transportation, storage and distribution
    - International natural gas markets (incl. hubs) and infrastructure: supply, demand, sales
    - Regulation
    - Security of supply
  • Economics of agreements
    - General structure and economic objectives
    * Commodity (long-term contracts and hub based)
    * Transportation (pipeline and LNG)
    * Storage
    - Key non-price terms and conditions and their economic impact in modern markets
    - Pricing
    - Implications and interdependencies
  • Current trends and recent developments
    - Market developments
    - Environmental impact
    - Portfolio management and risk mitigation
    - (US) shale gas
    - Globalisation: the impact of LNG
    - Cross commodity trading
    - Strategic pitfalls (case studies)


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