Natural gas market

Course objectives: Understanding the lectures, exercises, and knowledge from mandatory literature according to subject units, application of the acquired knowledge to problem solving in the area of natural gas market. Introduce the students to important components of natural gas market, natural gas market models, organization of the market, roles of all participant in the market and different ways of undertaking regulated and market energy activities

Course content:

  • Introduction to natural gas market;
  • Energy units’ conversion;
  • Gas in energy supply (production, trading);
  • World reserves and energy consumption;
  • Fundamental natural gas properties calculation;
  • Methane number calculation;
  • Dependence of the gas consumption on various factors;
  • Natural gas transport (capacities, nominations, rules, balancing);
  • Natural gas storage (capacities, nominations, rules);
  • LNG (production, transport, terminals, importers, exporters, LNG carriers’ fleet, contracts, legislation, bunkering, small scale LNG);
  • LNG demand and global market movements;
  • Natural gas distribution, natural gas network design;
  • Gas economy in Croatia, natural gas balance in Croatia;
  • Europe’s natural gas supply;
  • Projects of gas infrastructure construction;
  • Shale unconventional natural gas reservoirs;
  • Tight sand unconventional natural gas reservoirs;
  • Methane hydrates;
  • Coal bed methane;
  • Arctics natural gas resources;
  • Natural gas market model;
  • Development and integration of natural gas market;
  • EU and Croatia’s legislation regarding natural gas market;
  • Natural gas trading – retail and wholesale and hubs;
  • Natural gas security of supply.

Learning outcomes at the level of the course:

  • Explain the global, regional and national relations between supply, demand, and gas consumption;
  • Explain the organizational model of the natural gas market in Croatia;
  • Explain the gas consumption and peak gas consumption;
  • Compare the relations and roles of participants in the gas market;
  • Evaluate the exploitation of unconventional natural gas reservoirs;
  • Plan the natural gas supply routes;
  • Organize a gas market on a national level;
  • Asses the factors of natural gas security and flexibility of supply;
  • Analyse the standard gas quality;
  • Assess the natural gas security and flexibility of supply.

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