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Gas Storage

MJMEnergy

Summary

Price
£660 inc VAT
Study method
Classroom
Duration
1 day · Full-time
Qualification
No formal qualification

Location & dates

Location

Address
WC2B 5RE
United Kingdom
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Overview

This one-day course provides an insight into the key issues of gas storage, covering:

  • the economic, technical and physical drivers of storage development
  • the construction, use and availability of different types of storage in Europe
  • the relationship between storage costs and gas prices
  • the impact of EU regulations on gas storage facilities and the regulatory exemptions for new build storage
  • operational storage facilities and storage projects
  • the market for gas storage in key European countries.

Description

Course date: 18 November 2015

You are free to raise questions and instigate discussion on what the course content means for you and your company, both during the sessions and in the course overview at the end of the day.

Why store gas?

  • Reasons for storing gas 
  • Exploring physical balancing issues such as seasonal supply/demand matching 
  • Security of supply 
  • Peak swing and strategic storage 
  • Commercial issues such as optimising transmission systems, contracts and gas production, exploiting trading flexibility, and supporting hub services

Types of gas storage facilities

  • Different types of gas storage facilities and the technologies surrounding them including a study of current facilities' injection, withdrawal and space capabilities 
  • An overview of storage facilities in use across Europe and their current operators

How storage is sold

  • How storage is sold in both traditional and liberalised markets, and a look at storage services on offer
  • New build storage and exemptions from regulated third party access are also covered

Storage economics

  • The crucial issue of the economics of storage, reviewing storage build costs, operational costs, and also the value of flexibility in gas markets 
  • There is also an analysis of storage prices

Building gas storage

  • An examination of the process of building storage facilities 
  • An overview of the gas storage process, key drivers for storage, including portfolio management, storage as an investment opportunity, and location and planning issues

Case Study

A case study of a current storage project based on an onshore depleted field gas storage site. Covering the location, history, environment and planning issues surrounding the site, the construction work required to develop it and the characteristics of the new facility. It also outlines the surrounding legal issues, specifically connections, regulatory, and commercial issues |

The future of gas storage

An outline of the key factors that affect gas storage projects, including

  • a global perspective 
  • The factors affecting supply and gas demand 
  • Gas market liberalisation scenarios 
  • the impact of other gas storage projects 
  • key drivers for gas storage 
  • the overview of gas storage in North West Europe |

Questions and answers

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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