This course examines the economic principles and market dynamics that influence the natural gas industry. Students will explore supply and demand drivers, pricing mechanisms, and the role of natural gas in the global energy market. Key topics include cost analysis, economic forecasting, investment appraisal, and the impact of policy and regulation on market conditions. The course also addresses geopolitical factors, environmental considerations, and the transition toward renewable energy sources, providing students with a comprehensive understanding of the economic challenges and opportunities in the natural gas sector. Case studies and real-world data analysis help students apply economic theory to decision-making in natural gas exploration, production, and distribution.

• Students will be able to explain the concept of natural gas economics and analyze the economics of the natural gas supply chain and natural gas projects.

• Introduction to the structure of the natural gas industry
• Natural gas market, gas prices and tariffs
• Natural gas contracts
• The economics of the natural gas supply chain from the production, transportation and use of natural gas
• Gas projects and financial aspects

1. Handouts and materials provided by the instructor.