IN-PERSON CLASSROOM SEMINARS

View PGS Client List
How to Manage Natural Gas Storage Assets for Maximum Profits and Minimal Risk


A One-Day Classroom Seminar (CPE Approved)

Register Soon to get Early Bird Pricing.

Recent trends in the marketplace and the increased pace of liberalisation have joined to raise interest in natural gas storage in both traditional and new market participants. This seminar provides a practitioner's view of the fundamentals necessary to balance cost vs. benefit, the daily optimization and the practical exploitation of sometimes hidden storage opportunities. The role of liquidity and liberalization will be discussed as well as how to exploit storage assets under less than fully liberalized or liquid markets. The workshop will cover the basic pros and cons of various storage analytical models without demanding any prerequisite analytical skills.This seminar is taught by one of the industry's foremost storage management experts, who pioneered many of the techniques commonly used today. In addition, he has delivered this workshop multiple times at the largest European gas forum in Amsterdam.

What You Will Learn
  • What is the single most important benefit of storage ownership
  • How storage assets can create their own liquidity where there is none
  • When it is not appropriate to use storage
  • Why is managing storage so different from other gas facilities and resources
  • Why you might be overpaying for natural gas storage assets
  • The role of analytics in storage management and optimization
  • Alternative methods for storage valuation and management
  • The laws of diminishing returns - as applied to natural gas storage
  • Why liquidity matters so much
  • Why volatility is your friend
  • Hands on practical examples works
Seminar Agenda

8:30 am.to 9:00 am - Registration

Fundamentals of Asset Arbitrage

  • Defining speculation vs. market making vs arbitrage
  • Storage utilization and arbitrage
  • The "psychology" of arbitrage
  • Managing storage for energy supplies vs. profits
  • Why storage is different from other energy assets
    • Hidden or "embedded" values in storage
    • Contingent or path-dependent behavior of storage
  • Maintaining a profit & loss or "risk" book for storage
    • The long and short of it
    • Multiple meanings of "delta"

Practitioner's Tricks of the Trade

  • Storage analytics
    • Different methods for valuing storage
    • The "practical" differences amongst the methods
    • Why you should value storage the sameway that you plan to manage your storage
    • Extrinsic vs. intrinsicvalue of storage
  • Why some companies may be overpaying for storage
  • Practitioner's guide to exercising storage options
    • Why you have to first kill some options in order to create new ones
    • Things analytics models don't tell you
    • "Loading" the gun vs. pulling the "trigger"
  • Why analytics are not perfect
    • The art vs. the science of storage utilization
    • Operations vs. analytics models- why they are equally important
    • Managing storage like a game of chess

Examples and Hands on Practice

  • High cycle vs. low cycle storage
    • The laws of diminishing returns
  • Liquidity and volatility
    • Fuels for the storage engine
  • Management organization foroptimal storage results


3:30 pm End of Workshop

Hotel and Seminar Information
This seminar will be held at the hotel listed below or can be conducted on-site at your facilities. The seminar will start promptly at 9:00 AM and will finish at 3:30 PM. The program includes continental breakfast, lunch, and coffee/cookie breaks. Attendees also receive a professionally produced seminar manual that can serve as a valuable office reference. Dress is casual for all seminars
COVID 19 Information: Please click here for the PGS Covid-19 policy. You can confirm each hotel's specific COVID 19 policy using the link(s) provided below.
Registration Fee and Discounts
The price for this comprehensive two-day seminar is $895 (USD).
Register online or Call (440) 853-1038.
  • Additional attendees and government employees receive a 10% discount.
  • Register 4 or more attendees and receive 20% Off. Special pricing is available for groups of 5 or more.
    If you want attendees to pay with separate credit cards or have other questions, please call (440) 853-1038 for assistance.
Payments and Cancellations
Payment is due prior to the start of the seminar by Visa, Master Card, American Express, or corporate check. Seminar fees will be charged to your credit card at the time of registration unless other arrangements have been made. Please make checks payable to "PGS Energy Training" 26 Teal Lane • Hilton Head Island, SC 29926. Cancellations will result in a credit that is good for 2 years which can be transferred to a colleague. Substitutions may be made at any time. For more information on PGS policies regarding administrative matters and complaint resolution, please contact our offices at (440) 853-1038.
CPE Credits in Specialized Knowledge

This live group seminar is eligible for 6.0 CPE credits. Be aware that state boards of accountancy have final authority on the acceptance of individual courses for CPE credit. As of January 1, 2002, sponsored learning activities are measured by program length, with one 50-minute period equal to one CPE credit. One-half CPE credit increments (equal to 25 minutes) are permitted after the first credit has been earned in a given learning activity. You may want to verify that the state board from which your participants will be receiving credit accept one-half credits.

PGS Energy Training is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. CPAs interested in attending any seminars should contact our offices for details on CPE credits granted and any prerequisite requirements.
PGS Energy Training is registered with GARP as an Approved Provider of Continuing Professional Development (CPD) credits. If you are a Certified FRM or ERP, please record this activity in your Credit Tracker at http://www.garp.org/cpd. Please inform PGS Energy Training that you are a GARP CPE participant upon seminar registration.

The Global Association of Risk Professionals (GARP) is a not-for-profit membership association dedicated to preparing professionals and organizations for making better-informed risk decisions. GARP's membership represents more than 150,000 risk management practitioners and researchers at academic institutions, banks, corporations, government agencies, and investment management firms in 195 countries and territories. GARP administers the Financial Risk Manager (FRM) and Energy Risk Professional (ERP) Exams – certifications recognized by risk professionals worldwide. Visit www.garp.org/cpd.
Who Should Attend

This is a basic course for the novice and those relatively new to storage optimization. No prior experience or math knowledge is assumed.

Among those who will benefit from this seminar include energy and electric power executives; attorneys; government regulators; traders & trading support staff; marketing, sales, purchasing & risk management personnel; accountants & auditors; plant operators; engineers; and corporate planners. Types of companies that typically attend this program include electric utilities; power marketers; banks & financial houses; industrial companies; accounting, consulting & law firms; municipal utilities; government regulators and electric generators.

Prerequisites and Advance Preparation

This seminar requires a basic understanding of the natural gas industry. A knowledge of options and/or hedging techniques is helpful but not required. No advance preparation is required before the seminar.

Why Choose PGS?

PGS seminars are known for their clear explanations and in-depth content. Register for a PGS class today, and join the over 10,000 energy professionals who have already attended one of PGS's proven programs.

Program Level & Delivery Method
Basic level. This fundamental course begins with basic material and then proceeds to the intermediate level. Delivery method is "Group-Live.”