Buying and Selling Strategies from the Experts at GasMart 2004, hosted by Natural Gas Intelligence.Energy Editors/Business Editors GasMart 2004 DULLES, Va.--(BUSINESS WIRE)--March 17, 2004 It's a whole new natural gas market out there with tighter supplies, fewer middlemen, and more volatility; so how do the producers, commercial buyers and local distribution companies (LDC LDC See: Less developed countries LDC See less developed country (LDC). ) brave that market without getting burned? You can get advice from the experts at GasMart 2004. Advice on "Buying and Selling at Fair Market Prices," will come from James C. Allison, Regional Risk Manager, ConocoPhillips; David Shin, Chief Economist and Director of Statistics for the American Gas Association (AGA); Alex Strawn with Proctor & Gamble and chairman of the Process Gas Consumers Group; and Doug Walker, Director, Energy Supply Services, EnergyUSA - TPC (Transaction Processing Performance Council, San Francisco, CA, www.tpc.org) An organization devoted to benchmarking transaction processing systems. In order to derive the number of transactions that can be processed in a given time frame, TPC benchmarks measure the total performance of , a NiSource company. Shin will be discussing an AGA white paper on, "Avoiding the Wild Ride: Ways to Tame Natural Gas Volatility." It points out that while LDCs are doing what they can in the way of using storage, financial hedging and fixed price contracts to smooth some of the wholesale market volatility, they run into problems with state regulators who, using hindsight to review their strategies, disallow To exclude; reject; deny the force or validity of. The term disallow is applied to such things as an insurance company's refusal to pay a claim. costs. At the other end of the pipe, while producers tend to thrive on risk, their bankers often don't. "Some firms routinely run close enough to the edge have to hedge; they have to have profit," Jim Allison, Regional Risk Manager with ConocoPhillips, said. Hedging "keeps the bankers happy, but forces producers to give up the upside. If you didn't like risk, you wouldn't be anywhere near the E&P business. Producers are in the business of holding onto exposure to prices, but they get dragged into hedging because bankers have to have downside protection Downside Protection Generally used in connection with covered call writing, this is the cushion against loss, in case of a price decline by the underlying security, that is afforded by the written call option. ." Other highlights of GasMart 2004 - the 18th annual event: Keynoters Keith Rattie, chairman of Questar, will lead off a discussion on promising supplies from the Rocky Mountain area. FERC FERC Federal Energy Regulatory Commission FERC FEMA Emergency Response Capability Commissioner Joseph T. Kelliher will advise on how he sees the Commission dealing with regulatory issues impacting natural gas, such as approval of LNG LNG (liquefied natural gas): see under natural gas. terminal operations, pipeline construction, pipeline gas specifications, and gas pricing. Scott A. Nauman, Americas Gas Marketing Manager for ExxonMobil Gas Marketing Company, will discuss how new LNG supplies are expected to blend into the gas supply portfolio gradually, as other sources decline. John Olson of Sanders Morris Harris and Stu Wagner of Petrie Parkman will entertain with "Wall Street and the Gas Cycle". Sessions Representatives of ChevronTexaco and Shell, will give an update on the world LNG market and their separate plans to build LNG receiving terminals offshore in the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east . An analyst from ESAI ESAI Energy Security Analysis, Inc. (Boston, MA) ESAI Enhanced Situation Awareness Insertion will be explaining how much the LNG will cost. Ron Arnold, author of the book, "Undue Influence," will advise on how the national economy is being undermined as overzealous environmentalists campaign to restrict access to resources and block transportation facilities, boosting energy prices and making U.S. products uncompetitive in the world market. Representatives of Kinder Morgan, TransColorado Gas Transmission, Colorado Interstate Gas Colorado Interstate Gas is a major producer of natural gas, connected to major supply basins in the Rocky Mountains and production areas in the Texas Panhandle, western Oklahoma, western Kansas, and Wyoming. Originally an independent company, CIG is now a subsidiary of El Paso Corp. and Gas Transmission Northwest Gas Transmission Northwest is a natural gas pipeline that brings gas from western Canada through Washington and Oregon into California, connecting to the Pacific Gas and Electric system. Prior to being purchased by TransCanada Corporation, it was named Pacific Gas Transmission. will discuss where and how the Rockies gas is going to market. Alan H. Levine of Morgan Stanley will show buyers of natural gas market timing and strategies for procuring their supply in a market marked by resurgent re·sur·gent adj. 1. Experiencing or tending to bring about renewal or revival. 2. Sweeping or surging back again. Adj. 1. demand and uncertain supply. About Natural Gas Intelligence GasMart is hosted annually by Natural Gas Intelligence, the flagship publication of Intelligence Press, Inc., which has been reporting news and prices in the competitive energy market for more than 20 years. Check out http://gasmart.com for more conference information or visit http://intelligencepress.com for natural gas news. Sponsorships and showcase opportunities are still available. |
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