Gas Industry Overview - Canadian/U.S. version

  • ID: 4318252
  • Training
  • Region: Canada, United States
  • Enerdynamics
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An Introductory Overview to the Natural Gas Business in the U.S. and Canada

A solid understanding of how the natural gas business works is imperative to a successful career in the industry. Gas Industry Overview breaks down the complex natural gas business and looks at natural gas customers and their needs; components of the physical system and how it is designed and operated to safely deliver gas to end users; how and why the gas industry is regulated; areas of the industry that are deregulated and how this affects gas markets and pricing; and how gas markets function and the wholesale and retail services offered in those markets. This course expands on the U.S. version of Gas Industry Overview to include specific information on Canadian consumers, gas production, regulation, and markets when it differs from the information presented for the United States (examples include data on Canadian gas customers and information on the Canadian regulatory structure). This course is intended for those new to the industry as well as those with more experience who seek a better understanding of how the natural gas industry actually works.

Gas Industry Overview — Canadian version breaks down the complex natural gas business and looks at natural gas customers and their needs; components of the physical system and how it is designed and operated to safely deliver gas to end users; how and why the gas industry is regulated; areas of the industry that are deregulated and how this affects gas markets and pricing; and how gas markets function and the wholesale and retail services offered in those markets. This course expands on the U.S. version of Gas Industry Overview to include specific information on Canadian consumers, gas production, regulation, and markets when it differs from the information presented for the United States.

This course comprises the following modules:

  • Introduction
  • Gas Customers
  • The Gas Delivery System
  • Gas Operations
  • Gas Regulation
  • The Gas Marketplace
  • The Future of Natural Gas

WHO SHOULD TAKE THIS COURSE?

  • Any employee new to the gas industry
  • New managers needing a broader understanding of the gas business
  • Professionals moving into the gas industry from another industry
  • Engineers working in the gas industry who need to understand how the business operates
  • Energy industry employees with experience limited to one or two departments needing a broader business overview
  • Sales professionals providing services to the natural gas industry
  • Finance, accounting, legal, public relations, or regulatory professionals
  • Technical professionals becoming involved in regulatory or business issues

WHAT YOU WILL LEARN

  • Natural gas consumers and their needs
  • The components of the physical system and how it is designed to deliver gas to end users
  • How the physical system is operated for maximum efficiency and safety
  • How and why the gas industry is regulated
  • Where restructuring has opened gas markets to competition
  • How markets function and the wholesale and retail services offered in them

Course Length: 4 hours

Price is for a Subscription of 45 Days

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Introduction 

  • Course objectives
  • Natural gas in our society
  • Physical properties of natural gas
  • Units used to measure gas

Gas Customers

  • The four key types of end-use customers (residential, commercial, industrial, electric generation)
  • Wholesale customers (utilities, marketers)
  • Number of customers and usage by customer class (U.S. and Canada)
  • How residential, commercial, industrial, and electric generation customers use gas
  • Aggregate demand and seasonal load curves
  • Services available to satisfy customer needs (bundled utility service, unbundled LDC distribution with competitive supply, bypass, alternate fuels, energy efficiency)
  • Typical utility rate structures (flat rates, transport rates, usage rates, demand charges)
  • Average costs by customer type by state and province

The Gas Delivery System

  • What natural gas is, how it was formed, and where it is found
  • The North American supply regions
  • Global gas supplies
  • Gas system components (pipe, valves, compressors, regulators, meters, monitoring and control systems)
  • Exploration, completion, and production
  • Gathering and processing
  • Gas transmission (pipe, pressure, compressors, hubs)
  • The North American transmission network
  • Hubs
  • Gas storage (why gas is stored, how storage works, and where storage is located)
  • The components of the gas distribution system

Gas Operations

  • The entities responsible for gas operations
  • Principles of gas operations (compressibility, capacity, maximum and minimum pressures, line pack, packing and drafting)
  • System modeling for transmission and distribution systems
  • Maintenance of transmission and distribution systems
  • The four functions of gas control (forecast demand, develop operational plan, implement plan, and record daily activity)
  • Nominations and scheduling
  • Curtailments and how they are implemented
  • Gas balancing
  • Operational and emergency flow orders
  • Gas accounting
  • System maintenance
  • Emergency operations
  • How competitive markets and IT are changing the role of operations

Gas Regulation

  • What regulation is and does
  • Why the gas industry is regulated
  • The regulatory compact
  • How regulation affects market participants (LDCs, interstate pipelines, producers, marketers)
  • Who the regulators are (federal and state/provincial) and what they regulate
  • Four types of regulatory proceedings (rulemakings, rate cases, certificate cases, complaint cases)
  • How the regulatory process works
  • The various steps in the ratemaking process
  • Customer choice availability
  • How restructuring has impacted markets

The Gas Marketplace

  • Upstream, midstream, and downstream market participants (who they are and what they do)
  • Gas market structure and the way in which participants transact business throughout the delivery chain
  • Following a typical gas transaction
  • How participants make money (regulated vs.competitive)
  • Contractual arrangements
  • Wholesale services (gathering, processing, supply, transportation, storage, hub services, risk management)
  • Retail services (LDC and competitive supply services)
  • How prices are set through the delivery chain
  • Principles of gas supply and demand
  • Why prices can be volatile
  • Gas market risks and how they can be mitigated
  • Regulation of market behavior

The Future of Natural Gas

  • The future of the upstream, midstream, and downstream sectors
  • The future of the workforce
  • The gas company of tomorrow
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