Course Summary

This two-day workshop provides an in-depth exploration of the UK and continental European natural gas markets, from supply and demand through regulatory issues to spot and derivatives trading markets and risk management. The course is packed with up-to-the-minute information on the rapidly changing European picture – from infrastructure developments including planned pipeline and LNG import terminals to the trading hubs and market centres that are developing across the continent. Discussion is focused on market responses to the EU’s market liberalisation programme and on the nature of the wholesale gas trading that now occurs in the UK and Europe. Case studies provide practical application of concepts being taught. Competitive team trading simulations give delegates direct experience of some of the issues facing European gas traders, requiring both long-term strategic choices about sources of gas supply and short-term tactical trading decisions.

16 CPE credits awarded for this course.

Delivery Method: Group-Live

Who Should Attend?

Any individual who has a physical or financial interest in the energy industry will benefit from the insights this course offers. Especially suitable for companies and individuals becoming exposed to European gas markets for the first time, or seeking to broaden and deepen their understanding of what is happening in the gas markets across Europe right now.

Prerequisites

Delegates entering this course should have successfully completed Princeton Energy Programme’s Overview of the European Natural Gas Industry or have equivalent experience.

Pre-classroom Study

As part of our blended learning package, this workshop has a specific web-based course which is recommended as pre-classroom study. Upon registering for the workshop delegates will receive details of how to access the web-based course. Access to the web-based course is included in the price of the classroom course. To optimize your classroom experience, it is recommended you take the appropriate online study as close to the classroom date as possible. The recommended pre-classroom study for this workshop is PrincetonLive.com's Gas Markets and Deregulation.

Course Contents

• Gas market fundamentals: natural gas supply and demand from a European and global perspective
• European gas infrastructure: existing and planned transmission pipelines and LNG terminals, storage, trade flows and imports
• Gas market liberalisation: the European liberalisation process, its legal framework, aims, concepts, successes and failures and key processes
• Gas trade in the liberalised market: access to transmission and storage capacity, balancing, transmission system operation
• Gas trading in Europe: long-term contracts, spot trading, markets and exchanges, hubs and trading locations
• The UK gas market: how it operates, who trades, what instruments are traded, what influences prices
• European gas markets: how spot and forward trading is developing across the continent, with a look at each of the main national or regional markets
• Risk management in the European gas market – the challenges faced by gas supply companies in liberalised markets, the concept and practicalities of hedging

The course includes team exercises based on actual market scenarios including the use of gas storage, hedging using futures markets, short-term gas trading in a balancing market. A competitive team trading simulation puts delegates in the role of a gas supply company facing both challenges and opportunities in the gas markets.

The following course(s) are available..

Date / No of days	Location	Fee: Course only	Fee: + accommodation	Code
10 - 11 Nov 2010 (2)	London, UK	GBP£1140 + 17.5% VAT	- n/a -	EEGM\BGBR10