Natural Gas Industry Update

• Natural gas market trends impacting the West.


• Interstate natural gas pipeline industry update.

2012 is a pivotal year and the political landscape could dramatically affect the pace of regulatory action, as well as potentially the supply of shale gas for the market. Hear how the possible electoral scenarios at both the executive and legislative branches could impact the natural gas business and what to expect and how to make plans for action in 2013.

• Dodd-Frank ~ there are still so many questions to be asked and answered regarding the sweeping legislation of this Bill. How will it continue to mold the future of Natural Gas?


• Shale Regulations- with the looming rules from the BLM there could be major changes in the shale markets for the West region on Federal lands. Learn how these regulatory changes could affect gas prices in 2013.

Natural Gas routes are rapidly switching from West to East and North to South, how will this impact the West Coast markets and which pipeline & storage projects are moving forward? Hear from our panelists regarding updates on Pipelines and transportation designs in the region, along with an analysis of storage and hedging for the greatest efficiencies for your company! These could be the missing pieces to the puzzle ~ you won’t want to miss it!!

The shale revolution continues; therefore we continue to have an oversupply of natural gas…..but for how long? The oversupply of Natural Gas and the lack of demand of gas has caused the price of gas recently to be at a 10-year low, with a slight rebound as we head into Winter. How is this affecting the Rockies/West, U.S. and the World - and what can we expect in 2013 and beyond? How are NGLs “changing the gas investment game”? LNG Exports from the West Coast? Natural Gas Vehicle Fleets? Coal Power Plant Retirements to be replaced by Gas Power? Hear from the experts and stay in touch with what could make or break your business this year!

Our gas buyer panelists will give you solid and valuable insight into what is currently working, what they have learned and what they will do differently next time.

Samantha’s talk will address the structural changes ahead of the market, which Goldman Sachs believes will be driven by significant demand growth shifting the pricing mechanism of U.S. natural gas away from coal and towards marginal cost of production. In particular, Samantha will discuss the prospect for U.S. LNG exports and the price risks associated with it, both from the U.S. and global perspectives.

The United States is at a historic turning point for the country and its energy policies. Technological innovations are changing the vision of our energy future resulting in new opportunities to put more people to work, boost domestic production, grow government revenue, and save many billions annually in imported energy costs. Many Americans lack a full understanding of the link between economic growth and the energy policy options we face in terms of fueling our future. This panel will cover regulatory elements including climate regulation, cap and trade among many other regulatory policies that are reshaping the natural gas industry.

An interesting and fresh look at regional and continental projects affecting the natural gas industry and your business!

With all the attention on the Marcellus, Utica and other shale plays, the Rockies has stayed out of the press. Yet with Niobrara discoveries and technology improvements, the Rockies is poised to meet California and Mexico demand growth

As the supply overhang continues to shape the market in the West today, many are preparing for the inevitable return of demand in the marketplace. LNG Exports, shale and supply diversity create multiple strategies that must be explored to achieve the balance and strong positions for the future. This panel investigates the future supply and demand trends that are vital to your business from the regional, national and global perspective.

The natural gas market has and continues to experience dramatic fundamental changes. New dynamics are transforming the West and the North American market and forcing the industry to reevaluate what it once knew. Where have we been, where are we now and where do we go from here.

New developments in West Coast Emissions Markets & Reducing Impact to Your Bottom Line

• The California Emissions market enters Phase 2 in January, 2015 covering distributors of transportation fuels and natural gas


• Washington State and Oregon are considering similar measures


• EPA 111d rules may give more states incentive to join or develop similar programs


• Strategies for risk management / cost reduction

The Natural Gas industry is an ever-evolving entity. The panelists will cover pricing trends, infrastructure in a growing market, the economics surrounding the industry, how energy policies are impacting the market, and predictions and insights on where the industry is headed. Let’s not forget to add the shifting focus on exporting LNG and exports to Mexico...so much to cover, you won’t want to miss this panel!

In this panel, we will explore how to “win” the West through discussing pricing and the impact it has, capacity & demand for the region, inter-fuel competition, and an outlook on the future of gas in the Rockies and West markets. There’s a lot to go over, so don’t miss this information!

Natural Gas Abundance and Opportunity: The New Power Dynamic



From Colorado to California, abundant supplies, a cleaner profile, low construction costs and high capacity factors all combine to create a compelling case for growing use of natural gas for power generation in the American West and throughout the nation. From a rising role providing baseload power to supporting intermittent energy sources such as wind and solar, greater use of natural gas is helping to diversify the U.S. power portfolio. At the same time, the shale revolution is driving an industrial/manufacturing renaissance with broad implications throughout the U.S. economy. With the ‘shale gale’ continuing at full force: What is the long-term supply outlook? What are the market implications, particularly with rising industrial, transportation and LNG export demand? And, how is innovation powering a revolution in natural gas production—including continual efficiency and environmental improvements—that helps our nation take full advantage of this game-changing domestic bounty?

A New Energy Era Dawns for Mexico and a North American Market

• Reality Check – Status of Mexican Legislative Progress to Implementing Constitutional Reforms


• Energy Infrastructure Investments in Mexico – Opportunities in Gas and Power, and the Process for Pursuit


• Outlook for Corresponding US Investments to Integrate with Mexico


• Implications for US Gas Markets and Infrastructure Operators

Doing Business in Mexico: the Do's and Don'ts

• Corporate Structuring


• Avoiding Unintended Liability


• Joint Venture Considerations


• Land rights


• FCPA Considerations


• Securing Financing for Projects

Full course details: www.ldcgasforums.com/rw_training/

Ten years ago, many would say that the main drivers to natural gas were weather and summer hurricanes. Not so today. Today it is much more complex as the world is shrinking and North American natural gas is expected to be more of a global product with great hopes for LNG exports. In this presentation, we will discuss the impacts of crude oil on natural gas and a brief discussion on the supply factors in natural gas. We will close with a look at the possible opportunities in the forward natural gas markets.

The Natural Gas industry is an ever-evolving entity. The panelists will cover pricing trends, infrastructure in a growing market, the economics surrounding the industry, how energy policies are impacting the market, and predictions and insights on where the industry is headed. Let’s not forget to add the shifting focus on exporting LNG and exports to Mexico...so much to cover, you won’t want to miss this panel!

Knowing the impact of shale on global oil and domestic natural gas markets is paramount in understanding the market implications moving forward. During this discussion, we will cover:

- Shale productivity, innovations, and economic parameters
- Supply & Demand outlook for domestic natural gas
- OPEC motives and actions
- Outlook for global oil supply and demand
- Hydraulic Fracturing
- North-South Connectivity issues in North America

- Hydrocarbons sector premises considered in Mexico’s Energy Reform.
- Regional (USA – MEX) synergies that need to be enhanced/promoted to fully exploit the potential of the Reform.
- Business opportunities in the natural gas sector resulting from the new legal framework: new infrastructure (transportation, storage and distribution); appraisal of unconventional applications of natural gas.

SoCalGas and SDG&E recently filed an application at the CPUC to update their curtailment procedures. During the discussion we will cover:

- A brief history of curtailment policy and events on the SoCalGas and SDG&E systems
- Why the procedures are required
- Why they need to be updated
- What changes are being requested

The Shale revolution transformed the US hydrocarbon markets and thrust natural gas into a decade of abundance. Could low prices threaten that abundance? As supply collides with demand, the resultant price signals become hard to decipher and a balancing act ensues; between supply and demand, between upstream and downstream, between East and West. Inefficient players will topple. Those left standing will be the ones who stay abreast of the shifting market dynamics, both domestically and globally.

Our gas buyer panelists will give you solid and valuable insight into what is currently working and what they will do differently next time.

Discussion Questions to include:

1. What will be the impact from electric generation power burn?
2. How will the reversal of REX have an impact on your business?
3. When will the natural gas industry see a recovery in storage arbitrage and how much storage do you think we will get in the basins this year?
4. When will the North American natural gas market see an increase in industrial demand (in reaction to low prices)?
5. Thoughts on El Nino?
6. What buying or pricing strategies are you currently employing, for instance, what if any long-term purchases are you making or how are you managing hedging activities?
7. What factors, other than price, influence your decision to choose one supplier over another?

Powering Progress


Bryan Durkin, CME Group COO, will explore the role of natural gas in energy supply and discuss managing risk and volatility through market based instruments, as well as give his perspective as a global exchange leader of the impacts of regulatory reform, product innovation including the new CME Direct platform and on the broader changing dynamics of the gas industry.

Supply and Demand ~ Way Out of Balance or Not ~


The shale revolution continues; therefore we continue to have an over supply of natural gas…..But for how long? What is the impact of the Utica Shale Play on the region? How much will Power Generation demand continue its increase to take up supply? What about exporting LNG? What about NGV’s ? How many operators are shifting to a focus on NGLs? How will these factors and more impact supply? Hear from the experts ~

OpenLink Networking Reception - at Buddy Guy's Legends - located at 700 S. Wabash. Just a short cab ride from the hotel!


All LDC attendees are invited! Join your peers Monday night at one of the nation’s premier blues club for music, drinks, appetizers, and networking.

Enabling Economic Progress: The Role of Natural Gas

• Natural gas is becoming a key enabler of economic growth and revitalizing industries across the United States.


• Technological advances are making it possible to safely and economically produce more cleaner-burning natural gas than ever before.

2012 is a pivotal year and the political landscape could dramatically affect the pace of regulatory action, and potentially the supply of shale gas for the market. Hear how the possible electoral scenarios at both the executive and legislative branches could impact the natural gas business and what you should expect and plan for in 2013.


Dodd-Frank -There are still so many questions to be asked and answered regarding the sweeping legislation of this Bill. How will it continue to mold the future of Natural Gas? What are the political ramifications of the Dodd-Frank Bill and how will it affect the industry? How will prices be affected as it relates to power generation factors for the nation? This panel will integrate regulation, financial, & political issues, and will work to make sense of what’s coming next.


Existing Regulation & Potential Election Outcomes - With recent activity on emissions regulation and the changing environment around environmental legislation, there are several scenarios which can affect the natural gas market. Explore different scenarios of emissions regulation, green tax credit implications, and water pollution concerns.

Natural Gas Markets: Recent Changes and Future Drivers


Dr. Gruenspecht’s keynote address will include an overview of recent data and a short-term outlook, as well as focus on key drivers that affect:

• the balance between natural gas supply and demand


• their respective time horizons


• implications for natural gas prices and price volatility

Hear from our panelists regarding updates on Pipelines and transportation designs in the region, along with an analysis of storage and hedging for the greatest efficiencies for your company! These could be the missing pieces to the puzzle ~ you won’t want to miss it!!

The Era of Natural Gas


Hear a timely overview about America’s abundant supply, growing demand, and prospects for the future, including:

• The promise of growth in America’s demand for natural gas through NGVs and electric generation.


• Why America now leads the world in CO2 reductions.


• How gas provides the most efficient use of America’s energy resources, and the challenges and threats to America’s growing use of natural gas.

Our gas buyer panelists will give you solid and valuable insight into what is currently working and what they will do differently next time.

Gazing into the crystal ball: The next big thing in natural gas




In the natural gas sector, we’re always looking toward the next frontier and how this affordable and abundant energy source can benefit our companies, our customers and our communities. During this session, Beth Reese will speak to the expanding opportunities in the natural gas market and its growth as an alternative transportation fuel; the benefits customers are experiencing from the industry’s sustainability efforts; and the role that natural gas plays in the economic development of our local communities now and into the future.

The Natural Gas Business is BOOMING!!! The activity in all of the Shale Play Regions is very exciting; however, it means that we have an over-supply of gas with an economy that is still struggling to catch up! This results in lower gas prices and concern from Natural Gas Producers, Marketers and Buyers - how do we catch up to the supply and increase the demand? What is next on the horizon for the Gas Industry? Who has the answers?? We have all the questions and answers!

LDC Gas Forum Sponsor OpenLink invites you to attend a Welcome Cocktail Party...for all Mid-Con Forum Attendees, taking place Monday, September 9, 2013 from 7 - 9 PM at Buddy Guy's Legends - located at 700 S. Wabash Ave. Chicago, IL 60605. We look forward to seeing you there!

Jurassic Spark – Global Outlook for Natural Gas


The shale boom is going global. But by how much and by when? J.P. Morgan discusses the implications for producers and consumers.

What is the regional economic outlook for natural gas and how will all of this affect hedging and commodity pricing? What affect has the financial overhaul had on the markets and how can you maximize opportunities? What is next and what do we do next? Hear from the experts on the best strategy for your gas position in 2013 and BEYOND.

A Shale Driven U.S. Energy Transformation

• Insights on U.S. natural gas fundamentals


• Linkages to global LNG markets


• Impact on carbon in North America

Find out where the ACTION is in the Mid-Con, during the Forum’s Project Updates panel!

Do we all agree about the future of LNG? Is it time to feel glee? Naysayers, make your plea! Lively discussions sure to happen during the Forum’s LNG panel!

Natural Gas supply in the U.S. can be described as two things: Big and Bigger! We all know that natural gas is an abundant resource, but what are the latest production trends? Do recent announcements mean the Midwest market is in for a win-win? And what’s the outlook for increased demand? Are LNG exports coming? Find the latest regional production trends, hear truths as NatGas myths are debunked, get short & long term pricing perspectives, and more!

Visit this page for the complete Seminar details and Registration details:

http://www.ldcgasforums.com/mc/training.html

OpenLink and CME Group would like to welcome you to Chicago and the Mid-Continent Forum with a Reception at Bull & Bear.



Time: 7pm - 9:30pm



Location: Bull & Bear - located at 431 N. Wells St., Chicago, IL 60654



Phone: (312) 527-5973



** Conference badge required to receive drink ticket. **

Global Influences and Long-Term Natural Gas Dynamics

• Global economic context and Incentives for natural gas consumption


• Global politics and incentives for US exports of natural gas


• Critical Interactions of crude oil and natural gas markets


• Potential deceleration of US natural gas production


• Weather, water, and other challenges

Hear facts about economic and workforce benefits that have come to the U.S. as a result of oil and gas development, and learn more about the public policy challenges facing our industry. Take a look in the crystal ball to see predictions on industry, commercial, and regulatory trends, as well as hear the highlights, trends, and impacts of FERC & CFTC enforcement. Also…get excited about learning about Dodd-Frank: The Sequel.

Welcome Back Volatility? Weather Plays Its Trump Card

• Hurry Up and Wait: Natural Gas Demand Cedes Control in Summer 14


• Natural Gas Supply and Demand Expectations for Winter 14-15


• Why Summer 15 Will Be a Completely Different Ballgame

From the MidWest to the Marcellus, there are multitudes of new developments and projects in our industry. During the Project Updates Panel, we will hear about everything from the REX East to West progress and outlook, to the changing landscape of Eastern Canada. Not to mention, plenty of discussion on linking the Marcellus to Dawn and the Parkway Expansion, and a few surprise updates along the way!

Natural Gas Market Overview

• Unpacking Summer results


• 2015 Outlook

Medium-term factors affecting natural gas prices

• Interfuel competition - is gas still winning?


• Gas generation growth prospects amid light demand


• Price effects of Crude Oil and NGLs on natural gas

Mid-Continent at the crossroads

• Pipeline competition - Gulf vs. Shale Reversals


• Constraints in Midwest markets


• Implications for Chicago citygate pricing -- will basis discount hold?

Our gas buyer panelists will give you solid and valuable insight into what is currently working and what they will do differently next time.

“The Role of Pipelines: Reliably Delivering Natural Gas to the Market”


Hear how the benefits of new natural gas pipeline infrastructure are tangible from reliability, environmental and cost savings perspectives.

• Due to recent energy production activity in the Northeast U.S., abundant supplies of natural gas are knocking on New England’s door.


• New England needs additional natural gas pipeline infrastructure to get this gas to the market.


• Companies like Spectra Energy are well positioned and eager to build the infrastructure required to deliver natural gas supplies to market – with market commitment.

How will the reports of reduced drilling by E&P Firms, versus actual drilling activity affect the supply of natural gas in 2012 and beyond? What about LNG exports and the rapidly increasing demand for gas fired Power Generation? As production shifts to Liquid Rich plays in the Marcellus, the markets are changing daily, and it is hard to keep up with all of the changes in the industry -- our panel of experts will make sense of the Supply and Demand issues in the NE region and beyond!

How a Wishy-Washy Natural Gas Market Provoked an Investment Resurgence… And More Reasons Why the Natural Gas Market Won’t Spiral Forever

• The natural gas futures market spent the first decade of its existence as a mute market before supply concerns triggered an investment renaissance (sort of)…and then the rollercoaster ride began.


• Generated by supply concerns the market responded to a supply/demand equilibrium shift that shaped volatile prices previously unseen in the market prior to the new century. Price volatility and supply availability were the watchwords paramount to manage risk.


• The shale gas revolution has moved end-user focus away from concerns about supply and lowered the mean price of natural gas away from decade highs and closer to historic low prices. These low prices may have an intense impact on future drilling, which could impact available supplies.


• Is a return to natural gas price volatility inevitable?


• How do producers see the current market and what might their response look like from an available supply perspective?


• One model we might research is that of manufacturers of the past. The problem that all manufacturers have had over the years…at what price do we achieve equilibrium, which is defined as producers being willing to invest and receive an acceptable return on investment? And at what level do end users find acceptable costs?


• It’s a given that we will have high storage at the end of the current injection season. Recent rig count reports have the pursuit of natural gas seemingly weakening. Prices will have to rise enough to encourage producers to drill. Seeking a return to equilibrium may traverse the price volatility path, again…or will current associated gas production be more than enough to meet current and future demand?

This session offers a fast paced review of what we know and what we expect to impact the natural gas industry, markets and prices in the Northeast. How will government / environmental regulations affect the price and usage of natural gas for the future? There are still many questions that remain regarding Dodd / Frank, EPA regulations and from FERC for the NE region. What is the role that natural gas will play in meeting the interrelated goals of environmental sustainability, economic growth and energy security? Will new rules on Hydraulic Fracturing and Green Completions change the pace of U.S. gas development?

With expansion of emerging economies and their thirst for energy, the world continues to rapidly change and so do the risks within the Natural Gas Industry...new challenges, new opportunities and new rewards await! Our panel will discuss the Fresh Realities of the “day” and the prospects for the Northeast Region.

“The Role of Natural Gas: Fueling America’s Economic Growth”

• Natural gas is an abundant resource that will continue to provide economic benefits for communities across the United States.


• New technologies are making it possible to safely and economically produce more cleaner-burning natural gas than ever before.

Pipelines, Transportation, Storage, LNG Import/Export, NGLs and More ~ Hear about the many projects in the region that are affecting the natural gas industry in the region and around the country ~ Marcellus Shale Play is the Real Deal! From gas-to-liquids pipeline conversions to LNG exports, the projects are numerous throughout the Northeast and this is THE PLACE to learn how these could “make or break” your strategy in 2013.

What are the options and the possibilities that LNG will bring to the table for the NE Region and the U.S.? With the recent approvals to start Nat Gas Exports from the U.S., this session will explore in detail how the entry of the U.S. into a global gas market will impact trends and prices. How much gas will be leaving U.S. shores and does this new wave help or hurt prices for players in the value chain?

Our gas buyer panelists will give you solid and valuable insight into what is currently working, what they have learned from the volatility and what they will do differently next time.

Join OpenLink and the LDC Gas Forum attendees for a fun-filled evening to kick off the 2013 Southeast Forum! The reception will take place at the conference hotel, the InterContinental Buckhead hotel.

"International Interest in North America as a Resource Hub"

• Why North America?


• The Rush to Quality - Effects of the Shale Boom and Ramifications


• Investment Types and Considerations


• Summary of Recent Gail / EDF JV Announcement

Natural Gas…it was the Best of Times, it was the Worst of Times. Depends on who you ask.


Just as Charles Dickens was trying to express the dramatic extremes that existed in France at the time, Dr. Duncan will cover the dramatic extremes that exist in the Natural Gas Industry today. Buyers…will you be king forever? Producers & Marketers…what do you need to do to avoid the guillotine?

Natural gas is an abundant, widespread resource that will be the fastest-growing major fuel to
2040. This is exciting news for the country and for the natural gas industry…BUT...we need for the
demand for natural gas to catch up to the over abundant supply! How will the possibilities of LNG
exports, coal to gas switching, NGV's, and other factors play into the mix to get us closer to the
right "balance" that makes sense for everyone ~ Producers, Buyers, Marketers, and Consumers?

The Dynamics of the Dynamic Southeast – What’s Hot?


From growing shale supply in the Gulf Coast, to upcoming LNG exports, to potential new pipelines, to forecasts for gas-fired power generation, the Gulf Coast and Southeastern U.S. natural gas markets have plenty of action. This discussion will focus on some of the most impactful events that could shape the Gulf Coast and Southeastern natural gas markets for years to come.

Many Americans lack a full understanding of the link between economic growth and the energy
policy options we face in the terms of fueling our future. How will exporting LNG and gas fired
generation affect the economy and the natural gas industry? In this day of natural gas “winners” and “losers”, it has become critical to not only understand the implications of the new financial
landscape, but to determine how to make these challenges your opportunities in 2013.

The Southeast is roaring! With Eagle Ford, Haynesville, Barnett, and others “in play” for the region, there’s action and gas flowing all over the Southeast. How does storage that’s nearing full capacity create value in today’s marketplace? How do changing market and supply dynamics affect the Southeast? Will we see long-term price stability? How will the latest news on the CenterPoint Midstream joint venture MLP affect the region and beyond? Get the insight firsthand from the experts who have the details about these new and exciting projects and developments that’ll directly affect the decisions made by the nat gas industry.

New World Order: Transformations in the Natural Gas Industry



From East to West and North to South, the natural gas market has and continues to experience
dramatic fundamental changes. New dynamics are transforming the market and forcing the
industry to reevaluate what it once knew. Where have we been, where are we now and where
do we go from here; a state of the union for the natural gas market.

Our gas buyer panelists will give you solid and valuable insight into what is currently working, what
they have learned and what they will do differently next time.

Will the Natural Gas Industry Find Harmony? Covering the Marcellus and Beyond

• Gas/Electric Harmonization: A pointed look at the recent FERC NOPR.


• Effects of the Weather: A unique perspective on the impact of the weather on the NatGas Industry.


• Pipeline expansion in the Northeast: What’s the hold-up?


• EPA Ruling & Coal Power Regulations: How it will impact the NatGas Industry as a whole, the speed of coal to gas conversion, and the supply/demand implications of changing the electric power stack.


• Crude topics: A look at the possibility of government approval of crude exports and the potential for a revised definition of “crude” to include condensates.


• Geopolitical issues: Is it realistic to believe that US LNG exports could defuse the situation in the Ukraine/Russia?


• Possible discussion of more LNG Exporting Terminals approved by the FERC.

With great innovation, comes great responsibility. This panel will explore what the industry is likely to face within the Marcellus region, as well as nationally, including discussions on pricing fluctuations, infrastructure issues, and what the implications are for buyers. The natural gas landscape holds multitudes of opportunities – hear from our speakers on how to effectively harness them and overcome the challenges.

Cost: $495.00 for LDC Gas Forum Attendees / $595.00 for non-attendees.



Location: Marriott Copley Hotel



Presented by: Mr. Wayne Penello, Founder, Risked Revenue Energy Associates



"Hedging for Budgetary Success" will demonstrate to attendees how to communicate to supervisors (PUCs, Board of Directors and rate payers) why hedging is prudent and/or necessary. Attendees will be introduced to a statistical approach developed by the instructor that quantifies the cost/benefit of hedging. They will be exposed to analytical tools that quantify risk in budgetary terms. These tools are used by more than 35 firms, managing more than $65 billion in cash flows, to communicate and document their rationale for hedging.



For more detailed course info. and to REGISTER, visit: http://www.ldcgasforums.com/ne/training.html

Revolution to Renaissance: How Shale Gas Is Transforming the Northeast


American energy is upending old paradigms, thanks in no small part to the shale gas revolution that has transformed the way we think about fueling our future. Technological innovation has granted us access to vast domestic supplies of a cleaner energy that can power our nation’s homes and industry, offer cleaner transportation and even export energy to our allies -- possibilities that seemed just 10 years ago to be pipe dreams. At the epicenter of this energy renaissance is the Marcellus Shale, which is transforming the Northeast into a global power player. From expanding regional storage and pipeline infrastructure to innovative electric market design, what will it take to ensure the full promise of this incredible domestic resource?

Is there enough supply to meet demand? Or will demand pale in comparison to the available supply? In an ever-changing market, it’s crucial to separate facts and fiction when it comes to managing risks and the future. Our experts will share their growth outlooks and how buyers and suppliers can plan accordingly.

Unconventional resources have transformed the global energy landscape, and the United States is reaping many of the benefits in the form of jobs, economic growth and affordable, reliable supplies of natural gas. On the whole, the industry successfully dealt with a significant “stress test” this past winter, as extreme cold weather led to record-breaking U.S. gas demand for heating requirements. Upon reflection, did the industry deliver as much gas as was needed, to where it was needed, when it was needed, maintaining affordability? What are the settings that will help us do this even better in the future?

Welcome Back Volatility: Supply and Demand Fundamentals In a New Gas Marketplace

• Weather Matters!


• Record Production On Hand….Why the Market Doesn’t Care and E&Ps are Indifferent


• Storage and Demand in a Tightening Market


• Systemic Demand Shifts and What to Expect On the 5 Year Horizon