Day One

• Introduction to The Gas Chain: Overview of the components of the chain
• What is Natural Gas? The chemistry of gas, calorific value, and gas quality
• Gas into Power: Understand the main markets – residential, industrial, power generation – and their daily and seasonal characteristics
• Electricty into Power: Electricity – the biggest growth market for gas. Where gas fits into the generation picture
• Gas Exploration: Identifying the location of gas reserves and evaluating the uncertainties and risks
• Gas Production: What factors affect the way gas fields are developed? Investment and planning

Day Two

• Transmission: How is gas moved over long distances? Pipeline sizing, costs and load factors
• How LNG works: The LNG chain: Liquefaction, transportation, regasification, history and forecasts
• Gazania Exercise: Teams of delegates decide between alternative investment opportunities in the Gas Chain
• Distribution and Storage: Local gas supply, the need/ value of storage, and types of storage. How do you size infrastructure?
• Key Global Gas Markets: An overview of the key global gas markets looking at regional trends and country level market dynamics

Day Three

• Managing the Gas Value Chain: Long term planning, political factors, tax and royalties
• International Pipelines: How do gas pipeline projects evolve? Using case studies to understand the real issues
• LNG Trading and Markets: Trading patterns past and future
• Long Term Contracts and Pricing: What are the important elements? Depletion and supply contracts, take or pay, cost plus versus market based pricing and indexation
• Prodonia Exercise: Teams of delegates negotiate gas sales and transportation contracts between three countries

Day Four

• Gas Trading: How spot markets work? Hubs, futures, options and risk management
• Tariffs in the Gas Business: How and why do we construct tariffs for gas and transportation?
• The Russian Gas Industry: The politics and ambitions of Russia and Gazprom
• Regulation and Competition: The importance of regulation in competitive and monopoly markets. Is liberalisation necessary, and how it can be achieved?
• The European Gas Market: Recent developments – security of supply, ownership, unbundling and realignment of incumbents

Day Five

• Gas Trading Exercise: Teams of delegates spend the final morning in an exercise designed to simulate the buying and selling of gas to balance supply and demand portfolios. Teams have the option of buying and/or selling gas as wells as reducing demand
• Gas and the Environment: How is the industry responding to climate change?