Online Seminars

Fundamentals of The U.S. Natural Gas Industry

On-Demand Recording Available August 29th (72 hour access)

How These Online Seminars Work

Historic changes in the U.S. natural gas industry continue to create both significant opportunities and major risks for a wide variety of industry players. Get the knowledge you need to be one of the winners.

This seminar is a fast way to bring you up-to-speed on the business fundamentals of this key industry. You will receive an in-depth introduction to the natural gas industry; the three segments of the industry; how gas distribution utilities operate; how independent gas suppliers  interface in the marketplace; understand how sales and retail transportation transactions are executed; learn the essentials necessary when evaluating alternative methods of obtaining gas supply for a commercial or industrial facility; and gain a better understanding of the important factors that can impact prices and risks in today's dynamic natural gas marketplace.

This proven online seminar features the same material used in the popular PGS in-person classroom training program. Register today and join the over 10,000 energy professionals who have already benefited from an in-depth PGS seminar.

What You Will Learn

  1. How the natural gas industry has been transformed since the fracking revolution and LNG exports, and why doing business is a so different.
  2. Who the key commercial value chain participants are and how they manage their respective segments.
  3. Front, Middle and Back Office roles, responsibilities and duties.
  4. Marketing operations - how marketers put together and process deals.
  5. How wholesale gas trading is done at physical market centers versus electronic exchanges and their inter-dependencies.
  6. How to assess transportation services and options and understand the wide range of transportation services and agreements.

What You Will Also Learn

  1. The fundamentals of gas transportation, pooling, nominations, confirmations, scheduling, receipt and delivery point priorities and balancing through the delivery chain.
  2. What the secondary release capacity market is and how operates.
  3. OBAs, OFOs, etc., allocations, penalties, interruptions and curtailments.
  4. The essentials of "locational" basis differentials and the changing dynamics of transportation capacity markets.
  5. The essentials of natural gas commodity, transportation rates and capacity pricing concepts and price drivers.
  6. Factors impacting price volatility, commodity price components, hedging tools commonly used and an overview of risk management concepts.

Who Should Attend this Seminar

This seminar will benefit a wide variety of organizations and professionals in both the natural gas and electric power industries. Energy producers, utilities, energy marketers, industrial companies, electric generators, and liquids processors will gain valuable insights, as will energy and electric power executives, traders, marketers, (sales, purchasing & risk management professionals), accountants, trading support staff, auditors, attorneys, government regulators, rate specialists, plant operators, engineers and corporate planners. Anyone who wants a solid understanding of how the commercial transactions aspects of the U.S. natural gas work will benefit them.

Prerequisites and Advance Preparation

This fundamental level group live seminar has no prerequisites. No advance preparation is required before the seminar. However, this seminar is Part II of a two-part series. The Phone and Web seminar, "Fundamentals of U.S. Natural Gas Systems", is recommended as a prerequisite course.

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

Instructor

Jim Crist
President of Lumen Group, Inc

Jim Crist is President of Lumen Group, Inc. headquartered in the suburbs of Pittsburgh. He has over 27 years experience in the energy industry covering coal, gas, oil, propane, and electricity. Jim has conducted many strategic studies of the industry and prepared market and business assessments for several large energy companies. Before founding Lumen Group in 1996, Jim spent 20 years working for major energy companies in engineering, technology development, rate and regulatory policy development and marketing. He served as marketing vice president in both regulated and deregulated entities.  His consulting practice provides strategic planning, marketing and business development, and rate and regulatory consulting, along with serving as an expert witness in regulatory proceedings in several jurisdictions.

Seminar Price

$295 for the first attendee, $145 for the second attendee, and $75 for each attendee thereafter
for either the live or on-demand version of this seminar.

Payment and Cancellations

Payment is required prior to seminar attendance. Payment can be made by Visa, Master Card, or American Express. Seminar purchases will be charged to your credit card at the time of registration unless other arrangements have been made.

Live seminar registrations can be cancelled for a full refund up to 5:00 PM (U.S. Eastern Time) two (2) business days before the scheduled seminar date. For example if the live seminar is on Thursday then the cancellation would need to occur by 5:00 PM Eastern Time on the Tuesday before the seminar. No refunds will be made thereafter, but a streamed recording of the live seminar can be provided. Attendee substitutions may be made at any time. 

Due to the nature of a recorded event, no refunds can be made for on-demand recorded seminars. For more information on PGS policies regarding administrative matters and complaint resolution, please contact our offices at (440) 853-1038.

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