Additional Streams
Gas Trading, Origination & Regulation 
The EFET gas trading day brings together experts on the key commercial and regulatory issues that now influence the market. With a theme of gas markets, prices and risk, the morning session starts by identifying the key drivers for international gas trade during the next few years. Why are the trading conditions changing in the liquid gas markets of Europe and North America? With input from the operators of hubs and exchanges, we contrast developments in the Northwest of Europe and in central Europe. What is the outlook for pipeline gas and LNG trading? Will the prices at Europe’s gas hubs converge, and how will prices in Europe be influenced by developments in North America or other parts of the world?
In the afternoon our focus is the European goal of achieving a single gas market. Will it be possible by 2014 to freely flow gas from one virtual trading point to another throughout the EU? What barriers do gas market participants say need to be removed? More than 18 months since the formation of the EU Agency for the Cooperation of Energy and Regulators, what does the Director of ACER think about the progress that has been made and the lessons for the future? How are new rules and regulations affecting gas trading? Finally, with increasing complexity and requirements for transparency, what are the best technical solutions to minimise implementation costs and maximise competitive advantage?
Financing Gas Supply & Infrastructure 
The second of our ‘Third Streams’ is dedicated to the complex and challenging nature of financing gas supply & infrastructure projects, where that capital investment comes from, how it should be structured, and what legal contractual considerations are involved. The sessions will centre around:
- Securitisation (including projects such as Nabucco/South Stream/Norway LNG)
- Infrastructure & ownership
- Project finance
- Legal & Contractual
- Mergers & Acquisition
There will be an examination of long-term LNG supply, especially concerning new developments in possible US export, and increases in uptake from China. There will be project focus on new supply dynamics including Canadian export potential (Kitimat LNG) to Asia, the development of Shtokman, plus the impacts of new ‘super-projects’ being developed in Australia (Browse, Pluto, Gorgon, Curtis Island/Gladstone etc). What impacts most on infrastructure projects (such as Nabucco or South Stream)? The project finance/CAPEX involved behind new build? Mergers & Acquisitions? It is also crucial to include specific national involvement to gain the perspectives of Russia (financing & infrastructure), China (including the views of the active NOCs in the market), plus ‘new’ producers such as Turkmenistan.
