Tuesday, May 19
10:30am
Golf Tournament at Ruffled Feathers Golf Club & 19th Hole
Party — sponsored by NECC
(Bus leaves hotel at 11:00 am; lunch is set for noon; shotgun start is 1:00 pm)
5:30pm
Chicago White Sox vs. Minnesota Twins — sponsored by ICE and NGX
(Bus leaves hotel at 5:30pm; first pitch is at 7:11pm)
Wednesday, May 20
7:30am–8:30am
Breakfast in the "Market Network Center"
8:30am–8:40am
Welcome to GasMart: Ellen Beswick, Publisher and Founder, Intelligence Press, Inc.
8:40am–9:20am
Keynote: Larry Borgard, President and Chief Operating Officer — Utilities, Integrys Energy Group, Inc. (slides)
The past year has seen dramatic changes in energy prices, the financial strength of banks and energy players, the stated policies of a new administration in Washington and the overall health of the economy. These changes have required those who serve the end-user market to re-think how they manage these challenges and the risks associated with them.
9:20am–9:40am
Coffee Break in the "Market Network Center"
9:40am–10:50am
North American Natural Gas Supply Outlook
- Will Hussey, Sr. Vice President, Origination, ConocoPhillips (slides)
- David Slater, Managing Director, Marketing & Structured Products, Nexen Marketing (slides)
- John Hattenberger, President and Managing Director, Gazprom Marketing & Trading USA (slides)
| (1) | Over-supply: How much and how long? |
| (2) | Cutting Capex, laying down rigs, slicing marginal production and properties |
| (3) | At what price shut-ins? LNG imports? |
| (4) | A demand recovery trajectory, and |
| (5) | The shape of the market to come... |
10:50am–11:20am
Coffee Break in the "Market Network Center"
11:20am–Noon
Keynote: Porter Bennett, President, Bentek Energy (slides)
Natural Gas Supply Growth and Pipeline Constraints: What will be the Impact on Price Basis Differentials?
| (1) | The Market Impact of the Current Supply Buildup | |
| (2) | REX East Coming Online | |
| (3) | Limited SE and Gulf Export Pipeline Capacity | |
| (4) | Sinking Prices at Henry Hub | |
Noon–1:00pm
Lunch in the "Market Network Center"
1:00pm–2:10pm
Energy Trading and Risk Management Challenges in 2009
- Paul Corby, Senior Vice President, Planalytics (slides)
- Ron Norman, Member of PA's Management Group, Global Energy Consulting, PA Consulting (slides)
- Tom Saal, Sr. Vice President, Energy Trading Hencorp Becstone Futures (slides)
- Michael Hinton, Chief Marketing Officer, Allegro Development, Moderator
This panel will look at how YOU, the Gas Purchaser can use the news, information and pricing signals provided by the market to aid you in managing your risk, planning your portfolio and timing your energy purchases.
2:10pm–2:30pm
Coffee Break in the "Market Network Center"
2:30pm–3:10pm
Featured Presenter: Gregory Mocek, Partner, McDermott Will & Emery (no slides)
As former Director of Enforcement for the CFTC, Mr. Mocek is uniquely qualified to offer views on where financial regulation, particularly for futures, over-the-counter and derivatives markets might be headed under the new CFTC chairman and the Democratic Congress.
| Questions to be addressed include: | |
| (1) | How will new and proposed legislative and regulatory changes impact your business? |
| (2) | What market transformation will result from additional oversight and regulatory modifications? |
| (3) | Where are the upcoming enforcement traps for buyers and sellers? |
3:10pm–3:30pm
Coffee Break in the "Market Network Center"
3:30pm–4:30pm
Gas Buyer Risk Management Forum — hosted by BP
Bill Griffith, Vice President, Marketing & Origination, BP Gas & Power (slides)
Paul Burgener, Managing Director, Financial Products, BP Gas & Power
Clint Carlin, Partner, Regulatory & Capital Markets Consulting, Deloitte & Touche LLP (slides)
| (1) | Are you allocating your resources and time in the most risk/reward effective manner "understanding the value chain of responsibilities as it relates to exposure management?" |
| (2) | How do I determine what term to hedge, when to hedge and what percentage... What are my objectives? |
| (3) | What are the various hedge products available and under what market conditions should each be utilized? |
| (4) | Hedging physically or financially... What are the benefits of each? |
| (5) | And what are the accounting impacts of choosing to hedge physically or financially (FAS 133 Mark-to-Market)? |
4:30pm–6:00pm
"Market Network Center" Reception — sponsored by SolArc
Thursday, May 21
7:30am–8:45am
Breakfast in the "Market Network Center"
8:45am–10:00am
End Users Speak Out
We don't think it's fair to let the energy suppliers do all the talking. Be on hand as the industry's
customers talk back, discussing their requirements from suppliers, problems they have encountered
and how demand characteristics differ across various end-user industries.
Panelists who have participated in this popular session in the past have touched on their industry,
company, location, what gas pipeline system(s)/interconnects they are supplied by, their usage profile,
including whether they are firm or interruptible customers, need peaking supplies, their use of storage
and when, and volume of MMBtu requirements. Also, what is the impact of the price of natural gas on
usage, and whether and at what price per MMBtu does fuel switching become a viable economic option.
- Alex Strawn, Purchasing Group Manager, North American Energy, Procter & Gamble (slides)
- Dave Ciarlone, Manager, Energy Services, Alcoa Inc. (slides)
- Luke Marriott, Risk Manager, Energy & Fuels, MillerCoors LLC (slides)
- Bill Clem, Manager, Green Valley Chemical (slides)
- Bill Griffith, Vice President, Marketing & Origination, BP Gas & Power, Moderator
10:00–10:30am
Coffee Break in the "Market Network Center"
10:30am–Noon
Workshop for Gas Purchasers — presented by EnergyUSA
Val Trinkley, General Manager (slides)
How to develop a successful hedging and risk management strategy.
| (1) | Managing Energy Risk: Price, Supply, Tariff - LDC Balancing, and Weather |
| (2) | Analyzing Fundamentals: Storage, Rig Counts, and Demand Destruction |
| (3) | Technical Indicators: Moving Averages, Implied Volatility, Seasonality and Trends |
| (4) | EnergyUSA Price Targets for 2009 |
| (5) | A Hedgers' Tools: Futures, Fixed Price, Swaps, Basis and Options |
| (6) | Evaluating Performance |
12:00pm
GasMart concludes and "Market Network Center" closes
Noon–2:30pm
Gas Purchasers Luncheon & Meeting — hosted by the Process Gas Consumers Group (PGC) and Sutherland Qualified purchasers of natural gas are invited to this luncheon meeting (email your host to RSVP by May 1)
Introduction and Welcome
- Alex Strawn, Purchasing Group Manager, North American Energy, Procter & Gamble and Chairman of the PGC
- Dena Wiggins, Partner, Sutherland and General Counsel to the PGC
Section 5 of the Natural Gas Act — Time for a Change!
- Nate Hill, Director of Governmental Affairs, American Public Gas Association
| (1) | Pipeline ROE — The Cost to Shippers |
| (2) | Making the Complaint Process Work for Gas Consumers |
| (3) | Legislative Update — Status Report on a Section 5 Fix |
