A partner of excellencefor oil and gas professional development

Overview of Natural Gas Economics

4 days ENE/ONE
Level
Foundation
Audience
  • Professionals with experience in the oil industry who now need to widen their understanding and knowledge of the natural gas business
  • Those who are concerned about natural gas and work in other sectors such as banking or government where they need an understanding of the industry
Purpose
  • To provide participants with an overview of the economic and contractual aspects of the natural gas chain, all the way from production and transport to marketing
Learning Objectives
  • Upon completion of the course, participants will be able:
  • to evaluate the importance of natural gas in the world energy balance, and the strategies of the main actors of the industry
  • to identify the main technical, economic and contractual features of the natural gas chain, from the production well to the final consumer
  • to explain the framework of liberalization of natural gas markets and its impact on gas contracts and prices
Ways and means
  • Quiz
  • Exercises on the costs of gas infrastructures
  • Examples of contracts - calculations on quantities
  • Statistical data

Global gas scene 0.75 day
  • Importance of natural gas in the world energy balance
  • Reserves, production, consumption and trading around the world
  • From the reservoir to production: exploration, development and production
  • International gas markets
  • Impact of unconventional gas on the world demand / supply and on gas prices
Structure and costs of the natural gas chain 0.75 day
  • Description of the gas chain: from production to distribution
  • Gas treatment and transportation
  • Storage costs and distribution costs
  • Liquefied Natural Gas (LNG), FLNG, FSRU
  • Gas-To-Liquids
Long-term natural gas and LNG contracts 0.5 day
  • Contractual framework of Exploration-Production
  • Structure and principles of a long-term contract
  • Principles of take-or-pay, netback, indexation and gas price formulas
  • Main articles of long-term contracts
Different gas markets & corporate strategies 0.5 day
  • Main gas markets structures
  • The European Union and the liberalization process: stakes and opportunities
  • Role of oil and gas companies
  • Gas and power integration
  • The US market
Gas marketing in a liberalized market 1 day
  • Drivers and concepts of liberalization
  • Principles of the EU gas directive, progress in various countries, take-or-pay issues
  • Role of the regulator, network development, transport, tariffs, etc.
  • Contractual aspects between suppliers, transporters and distributors
Spot, forward and financial markets 0.5 day
  • Spot and forward natural gas markets
  • Why and how to access those markets?
  • Prices in the different markets
  • Financial contracts, hedging strategies and examples
2016 course calendar
Language Dates Location Tuition Register
Jun 14 - 17 Rueil €2,600 Online By email
Jun 27 - 30 Rueil €2,610 Online By email
Sep 06 - 09 Rueil €2,600 Online By email
Nov 15 - 18 Rueil €2,600 Online By email