Details
This course will provide participants with a fundamental grounding in the Australian gas industry, covering the key technical, commercial and contract aspects of the industry.
The course begins with a short review of upstream activities, including how natural gas (conventional and coal seam methane gas) is formed, how it is found and produced. A study of the gas transportation network will outline the movement of gas flows around the country, infrastructure capacities and constraints and how gas is delivered to customers.
The commercial section provides an analysis of the east Australian gas market and explains the business strategies of major industry players. With an understanding of how the existing gas market works and the fundamental drivers for changes, future market outcomes will be examined. Learn what upstream producers, gas transmission pipelines, retailers and customers should do to position for these dramatic market changes.
Interpretation of new and emerging policy developments, legislation and their effects on the gas industry will also be covered.
The last section will review the major commercial and legal aspects of industry agreements, including gas sale contracts, gas transportation, joint venture and asset sale agreements. Gain insights into how to negotiate the key legal and commercial terms
of these agreements.
For more information and discounts, please contact Sushil on 02 9080 4395 or email us at [email protected]
Outline
BRIEF OVERVIEW OF THE TECHNICAL ASPECTS OF GAS – FORMATION AND PRODUCTION
- How natural gas is formed
- CSM, conventional and unconventional gas
- Exploration, development and production of natural gas
- Classification of natural gas reserves
TECHNICAL ASPECTS OF THE DOWNSTREAM INDUSTRY
- Gas transportation fundamentals
- Australian gas infrastructure network – transmission pipelines and local networks
- Gas transportation pipeline projects
- Transmission constraints and what they mean
ECONOMIC ANALYSIS IN THE AUSTRALIAN GAS INDUSTRY
- Economic tools
- Upstream economic analysis
- Pipeline economics
- Portfolio analysis
THE AUSTRALIAN GAS MARKET STRUCTURE
- History and structure of the Australian gas market
- Australian gas market – supply and demand
- Gas customer requirements (industrial, retail, power generators)
- How gas is bought and sold in Australia and wholesale spot markets
GAS MARKET PARTICIPANT STRATEGIES
- Major gas industry players
- Market power
- Regulation and ACCC
- Company strategies to maintain and strengthen their market position
- How to tame the big guys
THE FUTURE AUSTRALIAN GAS MARKET – TRENDS
- Fundamental change drivers
- Price volatility and the rise of gas capacity issues
- Future gas market in 5 years and 15 years +
- How customers, producers, retailers and should position themselves for the future market
AUSTRALIAN GAS MARKET PRICING, CONTRACTS AND COMMERCIAL NEGOTIATION
- Contract basics
- Gas pricing in Australia
- Gas purchasing and getting the best price
- Commercial negotiation basics
AUSTRALIAN GAS INDUSTRY CONTRACTS – AN OVERVIEW
- Typical industry agreements – what’s important and what’s not
- Review of major commercial and legal aspects of gas sales agreements, gas transportation, asset sales agreements and joint venture agreements
- Contracting traps and tricks for buyers and sellers
Speaker/s
Craig Langford is director of MDQ Consulting which provides strategic and commercial energy advice to a range of upstream, industrial and power generation companies. MDQ Consulting specialises in the development of gas market business strategy, negotiation and execution of the full range of gas industry agreements.
MDQ Consulting’s project work has included:
Gas Price Reviews – Commercial settlement of an east coast gas price review, delivering over 10% additional contract value to the client
Asset Transactions – Sale of a client’s PNG upstream gas interests
to a major international oil and gas company, $3m over the prevailing asset book value, farm down of Australian oil and gas interests and gas supply and transport portfolio due diligence for an intermediate gas fired power station transaction
Project Commercialisation – Gas marketing for upstream clients in Queensland and Victoria; Marketing of pipeline transportation and gas storage services; and development of new gas supply and transportations models for low merit peak power stations across eastern Australia
Strategic – Development of gas market and company growth strategies for upstream and major downstream companies
Prior to MDQ Consulting, Craig worked for over 12 years at Santos in a number of senior strategic and commercial roles. During the last 5 years, he was responsible for leading the commercial activities for Santos’ east Australian gas business. This has provided him with a unique ‘hands on’ experience of being an industry leader during major developments in the east coast gas market.
As member of the Santos’ commercial executive team, Craig’s east Australian gas responsibilities involved long term strategy development, gas marketing, short term operational management, major contract price reviews, gas tolling/swaps, joint venture management, and business development.
Craig was also responsible for Cooper Basin, eastern Queensland oil infrastructure and third party access and management of Santos’ retail and wholesale trading business in Victoria.
Craig’s experience also included negotiating and documentation of 60+ joint venture, operating, LNG sale, gas transportation, LNG technology licensing and new company agreements, associated with Santos’s investment in the $8b Bayu Undan/Darwin LNG project.
Craig has in depth operational understanding and market experience across the Australian gas industry and has represented Santos and APPEA on a number of government and industry groups, including APPEA’s representative on the Gas Market Leaders Group (responsible for development of the wholesale spot markets in Sydney and Adelaide) and a Santos committee member on the South Australian branch of the Institute of Energy.
He holds a Bachelor of Engineering from the University of Queensland and Masters of Business from QUT.
Special Offer
Brisbane
- Super Early Bird rate $1,495 (SAVE $300). Register on or before 15 September 2017. Use code P17GR01BRSEB at checkout.
- Early Bird rate $1,695, expires 6 October 2017.
- Special rate $1,195 (per person) when you book for four or more participants, please call us today on 02 9080 4307 or email [email protected] to take advantage of this offer.
Sydney
- Super Early Bird rate $1,495 (SAVE $300). Register on or before 13 October 2017. Use code P17GR01SYSEB at checkout.
- Early Bird rate $1,695, expires 3 November 2017.
- Special rate $1,195 (per person) when you book for four or more participants, please call us today on 02 9080 4307 or email [email protected] to take advantage of this offer.
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