Registration and welcome breakfast
Gas and other primary fuels
- What are the world’s major fuels and how are they used?
- The development of the natural gas business
- Regional primary fuel consumption, production and balance
- Exercise 1: The Gas Chain: You will arrange the components of the gas chain business and “build” the gas chain from upstream to end-user consumer
What is natural gas? How do you find and produce it?
- What is natural gas made of?
- How are oil and gas formed? And how do we find it?
- The environmental impacts of hydrocarbons
- The technical and commercial processes behind exploring and developing a gas field
How do you move and store natural gas?
- Once gas is discovered what are the options?
- How do you get gas to the market?
- Pipeline vs.
- Exercise 2: The Tyranies of Distance: Pipeline or
Course lunch at a selected local restaurant
What are the commercial realities?
- Building the gas contract chain
- Bridging the technical and commercial
- Gas sales contracts and customers
- Exercise 3: Netbacks: Low transport costs to a low price market vs. higher transport costs to a market with a volatile price? You will calculate the netback price to establish the potential rewards
Electricity and Gas:
- What are the fuel sources for power?
- The electricity chain
- Power station types: thermal, CCGT, nuclear and renewable
What happens downstream?
- What do you need to forecast gas demand?
- Why is storage needed? What types of storage are there
- Traditional vs. liberalised gas markets
- Exercise 4: The Risks: Price is not everything as the risks of each market become clearer. Based on “real-world” examples you will examine the risks inherent in different markets
How is the gas world developing?
- What does the gas world look like today and what are the key issues?
- The North American
- Europe: Supply security and market behaviour
- Africa: The new centre of Atlantic Basin
- Russia: The upstream industry and Gazprom
- Asia: Developments in India, China and Australia