Overview of the North American Natural Gas Industry - NANG 

CPE Credits Awarded: 8
Categories: The Natural Gas Industry

Course Date Duration Venue Price Register by Date Register
23 Oct 2017 1 Day New York City, NY Country: us
$ (USD)1,170.00
22 Sep 2017

5c003d5e591091d484ea3c6e8f6051f1150 150 This one-day course is designed to introduce delegates to the functionality of the natural gas industry and those involved in its operation. Discussion includes physical natural gas beginning with exploration and concluding with the delivery to the burner-tip. This course uses an historical perspective to explain how the regulation shaped the current market place and will also introduce financial products used for hedging physical positions. Delegates will become familiar with industry nomenclature and operation of the physical natural gas market place.

Delegates interact through a trading simulation designed to show how trading has evolved and how different physical and price risks are managed with financial tools. Delegates will create and manage a natural gas position using fixed and floating price instruments.

Includes Web-based Pre-study Module
This course is accompanied by a preparatory course available online. Delegates will receive a web voucher as part of their joining instructions upon confirmation of registration. By taking advantage of this "blended" learning approach, in-class time and learning are optimized.


As this is an introductory course, there are no prerequisites.

As this is an introductory course, all facets of an organization are likely to attend. The most likely to attend are: human resources, info systems, credit dept, accountants, legal, quantitative analysts, consultants, programmers, trade support staff, secretarial, marketing/sales, risk managers.

  • Natural Gas - Physical Properties
  • Natural Gas - By the Numbers
  • Base Load vs. Swing
  • Bid Week and Physical Gas Trading
  • Industry Segments
  • The Production Segment
  • The Pipeline Transportation Segment
  • Storage
  • Market Segments
  • Regulated vs. Open Access Market
  • A Brief History of Regulation
  • Impact of Price Regulation on Natural Gas
  • Key FERC Orders for Open Access
  • Open Access Beginnings
  • FERC Order 636
  • Open Access Model
  • Convergence with Power
  • Pricing Mechanisms
  • New York Mercantile Exchange
  • NYMEX Contract
  • Basis
  • Price Components
  • Fixed vs. Floating Price
  • Hidden Risks
  • After Bid Week
  • Monthly Position
  • Basis Swaps
  • Hedging Natural Gas

In teams, delegates will work through various trading simulations throughout the course.

Some topics covered in this workshop are specific to either the American or Canadian market and will be adjusted as necessary.


Course Director


“A must course for any oil and gas professional.” B.O., Brass LNG

If you have attended a past course please provide us with some feedback.

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