Natural Gas and Power Industry Fundamentals
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Join our leading industry experts and understand the key factors that drive
success in the gas & power markets.
This two full day long course provide comprehensive hands on instruction, lecture and real-life examples to provide introductory level participants with a comprehensive review into the inter-workings of the gas and power industries. Beginners will learn the essentials and key factors that make up today’s as well as tomorrow’s gas and power markets.
The course describes the Natural Gas & Power industries
from four major functions:
Origins & destinations of Natural Gas & Power
Exploration through distribution
Buying, selling & marketing
What You Will Learn
Physical properties of Natural Gas. Where Natural Gas is found and how it is measured. The major consumers of Natural Gas: From home use to manufacturing. Drilling: Onshore and offshore. Gathering, storage, and transmission. Overview of Natural Gas marketing processes. The "Players" who make the industry work: Suppliers - Marketers Gas Industry Standards Board. Storage usefulness and seasonal peaking and balancing needs. State of the North American power markets. What is the status of power market de-regulation and where is it headed? Why are the power markets the most volatile of all markets? Market participants and motivations. What are Locational Marginal Prices and why should I care?
Where Natural Gas is found and how it is measured.Where have we been and where are we going: The history and future of Natural Gas in
The major consumers of Natural Gas: From home use to manufacturing.Exploration: The role of geologists and technology.
Drilling: Onshore and offshore.Production, treatment, compression, and processing.
Gathering, storage, and transmission.Transportation: Construction, safety, operations.
Overview of Natural Gas marketing processes.Distribution: How Natural Gas gets to the burner tip.
The "Players" who make the industry work: Suppliers - Marketers- Brokers - Local Distribution Companies - Industrial and Commercial end users.
Gas Industry Standards Board.Futures and OTC derivatives.
Storage usefulness and seasonal peaking and balancing needs.Market Centers (Hubs): Services provided.
State of the North American power markets.Basic industry facts and terminology.
What is the status of power market de-regulation and where is it headed?How do ancillary services, emissions and renewable mandates effect the power markets?
Why are the power markets the most volatile of all markets?What fundamental factors drive the power markets?
Market participants and motivations.What role do fuel prices play in determining power prices?
What are Locational Marginal Prices and why should I care?Power market fundamentals.
Who Should Attend
This course will benefit anyone seeking a top to bottom, fundamental education in the Natural Gas & Power industry. Perfect for those new to the industry: Wholesale Power &/or Natural Gas marketing companies, utilities, generation, supply & distribution personnel, traders, end-users, commercial companies, cogeneration, industrial companies & government agencies. Great for new hires, interdepartmental transfers, finance management, administrative personnel, & human resource personnel.