Course Description
Gas markets throughout Europe are undergoing significant changes as liberalisation and competition emerge. The UK has the most liberalised gas market in the world, and has seen almost continual change and development from 1990 to the present day, with further changes expected due to ongoing market evolution and the forecast UK gas gap.
MJMEnergy's UK gas market seminar provides an informative one-day introduction covering all the key areas of this complex, fast-moving market.
Course Content
Hover over the Module Titles for more information.
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- Introducing natural gas
- Global gas context
- UK gas supplies
- Gas transportation in the UK
- Gas consumption
- Gas supply/demand matching and storage
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- Types of player
- How does the market work?
- Gas market segments
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- Introduction to the Network Code
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Overview of key sections
- Entry-Exit
- Entry Regime
- Supply Point Administration
- Demand estimation
- Modification process
- Balancing under the Network Code
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- UK gas supplies
- Peak gas supplies
- EU competition issues
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- Seasonal but unpredictable demand
- Role of weather, economic & social factors
- Limited supply flexibility
- Long pipelines, joint production, contract terms
- Balancing and storage
- Different operational regimes, high cost of storage
- Gas price behaviour
- Volatile, seasonal prices
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- Supply
- Balancing
- Exploiting assets
- Arbitrage
- Risk management
- Speculation
- Whilst we always allow time for questions during the course of the day, it always helps to have a discussion time at the end.- Questions, discussion and close
The seminar is ideal as an introduction to the gas market for:
- new staff in existing gas players | new market entrants
- experienced staff from other areas moving into gas
- lawyers, consultants, and officials with an interest in the energy market
Download the course outline here.Our terms & conditions are available here.