ONLINE COURSES

Natural Gas

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GJB-901
In-Depth: U.S. Natural Gas Industry Fundamentals, Markets, and Transactions
Comprehensive 1.5 day on-demand seminar with Live Q&A
Available Now (90 day access)

This comprehensive and clearly explained seminar is for energy and financial professionals who want to better understand today's North American natural gas industry, its markets, and natural gas physical transactions. Learn how the production/transportation/delivery infrastructure works including pipelines, gas utilities, midstream operations, LNG and storage, and how gas-fired electric generation is served with heat rates and tolling deals.

Know who the natural gas market participants are and how commercial transactions occur along each segment of the value chain. Understand and apply your knowledge of how the wholesale natural gas, transportation, and customer choice markets operate and where the new opportunities and challenges are in today's dynamic natural gas marketplace.

You will be more confident and benefit from knowing comprehensive fundamentals and understanding transaction mechanics and asset development strategies that will manage risk and avoid costly mistakes.

You Will Learn:

The Properties and Uses of Natural Gas: Physical Properties of Natural Gas • Key Consumption Sectors and Uses • The Physical Natural Gas System • Natural Gas Units and Conversions • Electric – Gas Interdependencies

Natural Gas Production and Midstream Operations: Natural Gas Reserves and Supply Basins • Types of Gas Production and Technologies • Gathering Systems and Liquids Processing • Gas Quality and Interchangeability

Natural Gas Pipelines, Storage, and LNG: Pipeline Infrastructure and Operations • Natural Gas Industry Regulation • Natural Gas Storage and Operations • LNG Facilities and Operations

Distribution Utilities, Rates, & Open Access Markets:  Distribution Utilities, Operations, and Regulations • Cost of Service Ratemaking, and How Utilities Make Money • Open Access “Customer Choice” End-User Markets

Pipeline Transportation and Capacity Trading: Natural Gas Transportation Service • Nominations, Confirmations, and Scheduling • Pipeline Capacity Trading 

Gas Marketing, Trading, and Commodity Markets: Industry Participants and the Natural Gas Value Chain • Physical Market Hubs, Electronic Exchanges, and Market Centers • Natural Gas Commodity Markets, Marketers, and Traders • Gas Marketing Operations - How Marketers Process Deals

Physical Natural Gas Transactions: Types of Natural Gas Pricing • Transaction Mechanics and Contract terms • How to Buy and Sell Physical Natural Gas— A Detailed Example

Heat Rates, Spark Spreads, & Tolling: Review of Natural Gas and Electricity Units • Converting Natural Gas and Electricity Prices and Quantities • Operating, Economic, and Market Implied Heat Rates • Spark Spreads • Natural Gas-to-Power Tolling Deals

Seminar Agenda
Click each session to see a list of topics covered.
Session 1: The Properties & Uses of Natural Gas
What You Will Learn
  1. Physical Properties of Natural Gas

  2. Key Consumption Sectors and Uses 

  3. The Physical Natural Gas System

  4. Natural Gas Units and Conversions

  5. Electric – Gas Interdependencies

Session 2: Natural Gas Production & Midstream Operations
What You Will Learn
  1. Natural Gas Reserves and Supply Basins

  2. Types of Gas Production and Technologies

  3. Gathering Systems and Liquids Processing 

  4. Gas Quality and Interchangeability

Session 3: Natural Gas Pipelines, Storage, and LNG
What You Will Learn
  1. Pipeline Infrastructure and Operations

  2. Natural Gas Industry Regulation

  3. Natural Gas Storage and Operations 

  4. LNG Facilities and Operations

Session 4: Utilities, Rates, & Open Access Markets
What You Will Learn
  1. Distribution Utilities, Operations, and Regulations

  2. Cost of Service Ratemaking, and How Utilities Make Money

  3. Open Access “Customer Choice” End-User Markets

Session 5: Pipeline Transportation and Capacity Trading
What You Will Learn
  1. Natural Gas Transportation Service 

  2. Nominations, Confirmations, and Scheduling 

  3. Pipeline Capacity Trading

Session 6: Gas Marketing, Trading, and Commodity Markets
What You Will Learn
  1. Industry Participants and the Natural Gas Value Chain 

  2. Physical Market Hubs, Electronic Exchanges, and Market Centers

  3. Natural Gas Commodity Markets, Marketers, and Traders

  4. Gas Marketing Operations - How Marketers Process Deals

Session 7: Physical Natural Gas Transactions
What You Will Learn
  1. Types of Natural Gas Pricing 

  2. Transaction Mechanics and Contract terms

  3. How to Buy and Sell Physical Natural Gas— A Detailed Example

Session 8: Heat Rates, Spark Spreads, & Tolling
What You Will Learn
  1. Review of Natural Gas and Electricity Units

  2. Converting Natural Gas and Electricity Prices and Quantities 

  3. Operating, Economic, and Market Implied Heat Rates

  4. Spark Spreads

  5. Natural Gas-to-Power Tolling Deals

Session 9:
How This Online Course Works

Get the best of both worlds with this blended learning approach.

  1. Learn at your own pace and on your own schedule as you first enjoy the internet-streamed, on-demand seminar. Speed up, slow down, or repeat sections of the presentation.
  2. Upon completion, join us for one of our regularly scheduled live online Q&A sessions. A calendar of live Q&A dates and times is provided in the program access instructions you will receive. You can also email your questions directly to the instructor.
Course Access

You will receive immediate online access to the on-demand training presentation. The audio for the online seminar is only available through your computer or other Internet connected device. You will also receive links in your access instructions to PDFs for all the presentation materials in case you want to print or keep a copy.

The on-demand training presentations are available for a total of 90 days from the time any one of the training presentations is first accessed. After 90 days, your access to the on-demand presentations will expire. However the PDF formatted training program slides and other documents you receive are yours to keep.

Your Instructor
John Adamiak
President PGS Energy

John Adamiak is President and Founder of PGS Energy Training and an expert in energy derivatives and electric power markets. Mr. Adamiak is a well-known and highly effective seminar presenter who has over 20 years experience in the natural gas and electric power industries. His background includes 15 years as a seminar instructor, 9 years of energy transaction experience, and 6 years of strategic planning and venture capital activities. John's academic background includes an M.B.A. degree from Carnegie Mellon University.

Program Pricing
$1,895 for single attendee, $1,595 per attendee thereafter.
Special pricing is available for groups. Please click here for more information.

If you have additional questions please email customercare@pgsenergy.com or call (843) 212-4038.
Payment and Cancellations

Payment is required prior to training program access. Payment can be made by Visa, Mastercard, American Express, or corporate check. Your credit card will be charged at the time of registration unless other arrangements have been made.

Cancellations for online training programs can be made before the program access instructions are sent by PGS, and cancellations will result in a credit. For more information on PGS policies regarding administrative matters and complaint resolution, please contact our offices at (843) 212-4038.

Who Should Attend

Professionals from natural gas and electric utilities, energy producers, pipelines, municipals, energy marketers, banks, government regulators and industrial companies; energy and electric power executives; new hires; attorneys; government regulators; traders & trading support staff; marketing, sales, purchasing & risk management personnel; accountants & auditors; plant operators, engineers, corporate planners and anyone needing a strong foundation in the U. S. and Canadian natural gas business.

Prerequisites and Advance Preparation

This fundamental level group live seminar has no prerequisites. 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.