Introduction to Natural Gas & Power

Overview

This two-day overview of natural gas and power is a tailor-made introduction to these exciting sectors of the energy industry. Taught by Mr. Richard Weissman, an energy trader and highly acclaimed author with more than thirty years of gas and power experience. Our course offers a non-technical view of the gas and power industries. Starting with natural gas, the course introduces attendees to the gas business from upstream (exploration and production), through midstream (processing, pipelines, storage and LNG) to downstream (trading, marketing and consumption). The second half of the course shifts gears with an examination of the fascinating world of electricity: from generation, to transmission and finally to consumption. Particular emphasis is placed on the role of markets, trading and hedging

What You Will Learn

  • The basics of gas and power
  • Gas and power terminology
  • Major players in gas and power
  • Common trades in gas and power
  • The role of FERC and state regulators
  • Firm vs. interruptible gas and power contracts
  • Baseload vs. peak in electricity
  • Natural gas liquids: propane, butane, ethane
  • The shale gas revolution
  • Fractionation plants
  • Hedging and derivatives trading in gas and power
  • Common trading timeframes in power contracts
  • Outages in power
  • The role of the ISOs
  • The role of the exchanges (CME Group and ICE)
  • Pipelines, storage and LNG
  • Heat rates, implied heat rates and spark spreads
  • Major hubs in gas and power