Gas Industry and Market Fundamentals

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.

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.