Introduction to the Natural Gas Industry, Infrastructure & Regulations
May 23, 2022 | Online :: Central Time
“Tom seems to have an incredible grasp of the industry, from the science to the economics. The topics he chose to speak on were diverse and well thought out.” – Con Edison
“Tom Russo was excellent, and I was very impressed with his knowledge and teaching capability.” – Department of Energy
“Excellent course—very well structured and organized. Our instructor was terrific, extremely passionate about the Natural Gas Industry. He was also patient in ensuring that participants understood the material before moving on and answered our questions thoughtfully and promptly.” – Enbridge
This course will present an overview of the natural gas industry and related natural gas liquids (NGLs) and shale oil infrastructure so attendees can gain a comprehensive understanding of the gas industry and markets. We will discuss natural gas terminology, measurements, and conversions and review the basics of natural gas production, gathering, operations, and markets. This program will provide an in-depth understanding of natural gas processing plants, pipelines, storage, LNG peak shaving plants, LNG Import and Export terminals, and local distribution companies (LDCs). It will also address important components of natural gas transportation, including regional costs of firm and interruptible pipeline transportation, nominations, balancing, and section 4 and 5 ratemaking proceedings on natural gas pipeline transportation.
The intent is that participants will be able to apply the information learned the first day they return to their jobs. Hands-on activities will be included throughout the day.
- Explain the natural gas value chain: upstream, midstream, and downstream
- Discuss natural gas terminology, measurements, and conversions
- Review the basics of natural gas production, gathering, operations, and markets
- Describe the types of shale plays and address natural gas processing plants
- Review elements of natural gas producer economics
- Explain fungibility and gas interchangeability in U.S., Asia, and Europe
- Describe natural gas pipelines, including their parts, how they operate, and their role in a changing market
- Evaluate natural gas storage types, operations, and storage issues
- Discuss liquefied natural gas (LNG) and Local Distribution Companies (LDCs)
- State the process of natural gas infrastructure siting
- Discuss that natural gas plays in integrating wind and solar energy into the electric grid and Clean Power Plan
- Describe how FERC policy, major orders, and regulations have evolved into today’s “Open Access” environment
- Relate an overview of regulated rate components and rate design and new rate policies on the horizon
- Address important components of transportation, including: Pooling, nominations, confirmations, scheduling, receipt, and balancing
- Explain PDAs, OBAs, OFOs, allocations, and curtailments
Monday, May 23, 2022 : Central Time
8:45 – 9:00 a.m.
Log In and Welcome
12:30 – 1:15 p.m.
9:00 a.m. – 5:00 p.m.
- Natural gas composition
- Industry standard
Natural Gas Industry History & Overview
- What’s still regulated
Supply, Demand, & Prices
- Primary sources and uses
- Other demand sectors
The Natural Gas Value Chain Overview
- How the natural gas industry operates across the value chain
- Major natural gas shale plays in U.S. and Canada
- Kinds of shale plays
- Dry, wet, and associated gas (from oil wells)
- NGLs and their economic importance
- Conventional and unconventional drilling
- Drilling and fracking shales
- Hydraulic fracking
- Costs of drilling and fracking
- Gas gathering
- Gas treatment
- Gas processing
- Frac spread and gas processing
Underground Natural Gas Storage
- Different types
- Storage development
- Regulatory issues
Other Gas Storage Options
- Liquefied Natural Gas (LNG) basics
- Import/export terminals and vessels
- Peak shaving plants
- Who uses them and why they are important
- Compressed Natural Gas (CNG)
Natural Gas Pipelines
- Types of pipelines
- Key parts
- How pipelines operate
- Who are the pipeline players?
- How pipelines are planned
- Role of shippers
- Differences between gas pipeline companies & electric power companies
- Construction costs
- Environmental reviews of pipelines and the NEPA process
- Federal and State Regulators—who really determines if they are built
FERC Gas & Electric Coordination
- FERC NAESB changes to nomination schedule
- Ratable vs. Non-Ratable Shaped Flow Hourly Service
Re-Plumbing the Pipelines—Challenges
- FERC’S 1999 Pipeline Policy Statement
- Landowner opposition and eminent domain
- Opposition by the States
- Opposition by Environmental Groups
- Recent court challenges
Local Distribution Companies (LDCs)—Gas Utilities
- What an LDC does
- City Gates
- What happens at an LDC’s City Gate?
- Distribution line characteristics and pressure
- How they work
- Safety and economic trends
- Rates and regulatory oversight
- Choosing your gas supplier
- Overview of gas transportation
- Force Majeure
- Operational Balancing Agreement (OBA)
- Operational Flow Order (OFO)
FERC Rate Making on Pipeline Transportation
- Section 4 ratemaking
- Section 5 ratemaking
LDCs and Asset Managers
- How pipeline transportation costs can be reduced
- Procuring and managing gas supplies
Natural Gas Industry Challenges
- Climate Change
- Presidential election and ban on fracking
- Keep it in the Ground and the New Green Deal
- Environmental regulation and reforms
Tom Russo, President, Russo on Energy, LLC
Tom Russo is an Energy and Environmental expert with unique FERC regulatory skills in oil, natural gas and liquefied natural gas infrastructure, NEPA environmental impact assessment and in how energy markets, prices and physical/cybersecurity affect infrastructure investments.
Prior to founding Russo on Energy LLC in May 2015, Mr. Russo worked for over 30 years as a Manager and Sr. Energy Industry Analyst at the Federal Energy Regulatory Commission (FERC). During that time, he amassed experience in the natural gas and crude oil markets and its regulation by the FERC. Mr. Russo thoroughly understands the Natural Gas Act, Natural Gas Policy Act, and Interstate Commerce Act which are applicable to natural gas and oil pipeline transportation.
Mr. Russo is also an adjunct professor at the George Washington University’s Elliott School of International Affairs. He teaches Global Energy Markets and Global Energy Security to undergraduate and graduate students. He actively conducts independent research on oil, natural gas, and power matters and writes an Energy and Environmental column for the Climate & Energy Journal.
We will be using Microsoft Teams to facilitate your participation in the upcoming event. You do not need to have an existing Teams account in order to participate in the broadcast – the course will play in your browser and you will have the option of using a microphone to speak with the room and ask questions, or type any questions in via the chat window and our on-site representative will relay your question to the instructor.
- IMPORTANT NOTE: After November 30 you will not be able to join a Teams meeting using Internet Explorer 11. Microsoft recommends downloading and installing the Teams app if possible. You may also use the Edge browser or Chrome.
- You will receive a meeting invitation will include a link to join the meeting.
- Separate meeting invitations will be sent for the morning and afternoon sessions of the course.
- You will need to join the appropriate meeting at the appropriate time.
- If you are using a microphone, please ensure that it is muted until such time as you need to ask a question.
- The remote meeting connection will be open approximately 30 minutes before the start of the course. We encourage you to connect as early as possible in case you experience any unforeseen problems.
Please Note: This event is being conducted entirely online. All attendees will connect and attend from their computer, one connection per purchase. For details please see our FAQ
If you are unable to attend at the scheduled date and time, we make recordings available to all registrants for three business days after the event
|Single Seat - Introduction to the Natural Gas Industry, Infrastructure & Regulations||US $ 895.00|
|Pack of 5 Seats||US $ 3,580.00|
|Pack of 10 Seats||US $ 6,265.00|
|Pack of 20 Seats||US $ 10,740.00|
|Call us at 303.770.8800 if you have any specific questions on the volume discounts|
|* all other discounts do not apply to seat packs|
This event has the following related events:
|Natural Gas Physical and Financial Markets||US $ 895.00|
|Pack of 5 connections||US $ 3,580.00|
|Pack of 10 Connections||US $ 6,265.00|
|Pack of 20 Connections||US $ 10,740.00|
Take advantage of these discounts!
- Attend the Course and Natural Gas Physical and Financial Markets and pay US $ 1,695.00 per attendee (save US $ 95.00 each)
Your registration may be transferred to a member of your organization up to 24 hours in advance of the event. Cancellations must be received on or before April 22, 2022 in order to be refunded and will be subject to a US $195.00 processing fee per registrant. No refunds will be made after this date. Cancellations received after this date will create a credit of the tuition (less processing fee) good toward any other EUCI event. This credit will be good for six months from the cancellation date. In the event of non-attendance, all registration fees will be forfeited. In case of conference cancellation, EUCIs liability is limited to refund of the event registration fee only. For more information regarding administrative policies, such as complaints and refunds, please contact our offices at 303-770-8800