|28 January 2014||London|
|05 February 2014||Oxford|
|12 March 2014||Aberdeen|
The UK has the one of most the liberalised gas markets in the world, and has seen dramatic development since privatisation. Facing great uncertainty over future demand and supply, the UK gas market has become a key part of the global interaction of pipeline gas and LNG supplies, and the NBP gas price, set in the UK, a key global pricing factor. Plugging the increasing UK 'gas gap' as the market evolves will affect all aspects of marketing, buying and selling gas to get the best possible price. Besides describing the whole UK world of gas and how it works, the course will cover coping with the un-predictables, like the weather, future consumption patterns and the imperative of trading in gas supplies, explaining how these factors form NBP prices.
You are free to raise questions and instigate discussion on what the course content means for you and your company, both during the sessions and in the course overview at the end of the day.
introducing natural gas | its characteristics, measurement & storage | Global gas context - where does it all come from? | UK gas production and imports, | gas transportation, | Gas consumption and the dilemma of matching supply and demand
Seasonal and unpredictable demand | Role of weather and economic and social issues | Long pipelines, contract terms | Balancing and storage | Gas price behaviour | Structure & trading instruments | Supply and balancing | Exploiting assets | Arbitrage and risk management | Supply margins and hedging/speculation
Commercial market structure: Upstream, Midstream, Downstream | What is the NBP? | Customers and supply competition | Shippers, transportation and the UNC | Storage and trading | Upstream players and processes | Regulators and regulation
Our interactive Gas Balancing Board Game helps delegates to experience the challenges of balancing supply and demand, and making money, in the context of changing weather and an uncertain, competitive market.
Motives for trading | Hedging strategies | Trading instruments: OTC and exchange, forwards and futures | Mark-to-market | Hedging gas supply costs | Hedging seasonal demand | Storage cost and value
What is security of supply and why does it matter? | Short-term security - system balancing | When balancing fails - gas emergencies | Long-term security in a changing market
Your chance to apply the knowledge to your job and raise relevant queries.
This course is normally presented by:
|Nick White||David Long|
|we reserve the right to change presenters at any time.|
New staff in existing power companies, regulators and consultancies | Graduate Trainees joining the energy industry | Experienced staff moving into gas marketing | Lawyers, consultants, those dealing with contracts and customers | Financiers and traders |
Our public courses cost £550 per day plus VAT. Special rates may be offered for more than two people from the same company if requested at time of booking. We present our public training courses thoughout the UK but mainly in Oxford or London. Course materials and lunch are included in the price, but not travel or overnight accommodation.
We can offer this course In-house if there are seven or more people in your company who require this training. This could greatly reduce your costs, and we can work with you to tailor the course to suit your exact requirements. If you think your company could benifit from this, then lets talk.
We run games and exercises on all our courses to assist with the learning experience. These games are relevent to the main topic of each course and simulate 'real life' scenarios.
More information about these games can be found in the games section.