Natural Gas Markets Course Description

A 2-day, strategic “how to” course for risk mitigation and trading in natural gas markets, both continental & LNG. Participants undertake several market analysis activities: learning strategies & tactics to minimize risk, maximize revenue streams & gain competitive advantage, no matter the state of markets.

Natural gas prices lingered in a decade-long slump before dropping even further in 2020.  Blame in 2020 was placed mostly on decreased demand for gas caused by a global economy virtually shut down by the Covid-19 virus.  More recently, the Russian invasion of Ukraine concerned market watchers, who initially expected European natural gas prices to spike & remain high, affecting North American markets, too.  Recent conflict in Israel and Gaza is another geopolitical concern. Though global LNG supply has suffered disruptions (a June 2022 facility fire in Texas, for example), natural gas price shocks were not severe last year thanks to warm winter weather & producers/transporters nimbly filling Europe’s storage facilities. Again, the winter of 2023/24 saw low natural gas prices.  Wars in Ukraine and the Middle East continue, sanctions on Russia remain in place & inflation persists — all confirming the world in 2024 is as troubled as ever.  Many potential problems could pull energy markets out of the doldrums overnight. Natural gas price volatility appears to be an ongoing issue over the medium-to-long run — The Alberta Energy Regulator projects a price ranging between CAD$1.80/GJ & CAD$6.73/GJ until 2032.

So, in the first half of 2024 you are faced with brutally low natural gas prices.  How do you squeeze profit out of thin margins before the expected price rebound in 2025?  What if that rebound doesn’t materialize? Or what if it happens tomorrow instead?  Critical to success is training & preparation.  This course is full of activities & case studies relevant to today’s gas markets.  Our instructor is an expert in the field, with much trading & other market experience & is now Research Director at one of North America’s largest consultancies. His finger is on the pulse of the industry in 2024.

Natural Gas Market Fundamentals presumes industry knowledge so that strategies and tactics learned in class point to relevant solutions for you & your organization.  Consider Oak Leaf’s 2-day Natural Gas From Wellhead to Burner-Tip if you require an introductory course.

Oak Leaf has worked with energy companies, governments, & NGO’s for over a decade, educating people on operations; markets; economics; & upstream, midstream, & downstream technology. We update Natural Gas Market Fundamentals every time we offer it, ensuring information remains current & pertinent to clients.  NGMF covers natural gas price trends, unfolding geopolitical events, developments in continental & LNG markets, & risk mitigation strategies.

Can’t attend Natural Gas Market Fundamentals in person?  Participate ONLINE! Oak Leaf & PTAC have invested in state-of-the-art camera technology to enable a seamless in-class/online learning experience. 

Reasons why you should attend the Natural Gas Market Fundamentals course:

  • You are employed in the industry & need a firmer grasp on how natural gas markets work.
  • You are employed in the industry, looking for fresh ideas on risk mitigation & profit optimization
  • You are experienced in other areas, but market analysis is a new aspect of your job.
  • Your function supports market analysts, so you need to know markets better.  You are involved in finance, regulation, legal, accounting, HR, administration, managerial & executive support, etc.

Important things you will learn in the Natural Gas Market Fundamentals course:

  • How markets work in North America & elsewhere — including the rising global LNG industry
  • Things to consider daily in natural gas market analysis — tolls, basis differentials, storage, fuel switching, swaps, derivatives (including futures contracts & options), weather forecasts & other factors that may increase or mitigate risk
  • Why western Canadian natural gas has been increasingly shut out of eastern markets
  • How politics, geopolitics, technology, economics, regulation, computer viruses & the Covid pandemic affect natural gas markets
  • Ideas on how to increase profitability when margins are wafer thin
  • Roles the Canadian natural gas industry can play in a future “golden age of gas”

Key Details

This course is offered in conjunction with

TBA, Q3, 2024
8 a.m. Mountain (10 a.m. Eastern) start
Early bird registration deadline: TBA, Q3, 2024
Calgary & ONLINE
Instructor — TBA
Calgary Venue address:  PTAC
4th floor, 500 5 Ave. SW
Venue: $1795  Venue Early bird: $1695
Online: $1695  Online Early bird: $1595

Course Level: Beginner/Introductory
Personal Development Hours (PDH): 16

Coffee, snacks, lunch & refreshments served both days

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Course Outline

  1. Introduction
  2. Overview
  3. Basic Concepts
  4. Natural Gas in World Energy Trade
  5. Natural Gas Market Fundamentals
  6. Technical Analysis
  7. Fundamental Analysis
  8. Supply Situation
  9. North American Exploration & Production Situation
  10. Transportation — from Continental to Global
  11. North American Pipeline & Transportation Systems
  12. Storage: North American Facilities & Practices
  13. Demand: Canadian, US, & Global
  14. Consumption & End-Use Markets
  15. Natural Gas / Electricity Convergence
  16. Regional Markets & Transportation Systems
  17. How US Supply & Demand Influence Canadian & Global Markets
  18. Price Formation & Discovery in Natural Gas Markets
  19. Price Risk Management: Strategies for Sustaining Profitability in 2024
  20. Political, Policy & Regulatory Environment for Natural Gas
  21. Read Carefully: Main Contracting Features in Natural Gas Marketing
  22. Natural Gas Marketing Functions: What You Need To Be Doing
  23. Course Summary & Conclusions

Key Learning Objectives

  • To analyze natural gas markets in general — the supply & demand dynamics affecting prices
  • To understand North American natural gas markets specifically
  • To know intimately your various risk mitigation & profit maximization options
  • To grasp when and how to react profitably from potential market volatility

Support Materials & Assessment Tools

Who Should Attend this natural gas markets course?

  • Natural gas producers
  • New natural gas traders
  • Regulators
  • Government agency employees
  • Utilities employees
  • Energy marketers
  • Upstream, midstream & downstream energy company employees
  • Investment firm employees
  • Consultants
  • Business analysts
  • Financial analysts & planners
  • Natural gas traders
  • Energy advisors
  • Policy analysts
  • Economists
  • Natural gas marketers
  • Click for RECENT ATTENDEES’ POSITIONS

Testimonials & Course Ratings

“Very good introductory course for global natural gas markets.”
Scott Business Analyst
“Very good course. Useful content & informative instructor.”
Glenda Director
“The course was very insightful & the instructor’s knowledge & interesting facts kept the class interesting”
Norman
“The course covered a broad range of NG related subjects. I found it quite interesting & the conversations & inputs from various industry participants were insightful.”
Erin Commercial Analyst

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Oak Leaf Energy Training offers oil & gas training courses & renewable energy courses across Canada—
Calgary, Edmonton, Ottawa, Regina, Vancouver, Toronto & ONLINE.