November 7-10, 2006
The gas industry, a "chain business", uses pipelines to form the main link of the gas chain. These pipelines are major engineering projects. The pipeline's economics are crucial to the viability of gas development projects. This intermediate course brings together key engineering and economic factors essential to the success of pipeline projects and provides a detailed analysis of the cost structure of pipelines and the inter-relations between all the factors. Optimization of provisional capacity and the exchange between pipelines and compressors will be studied, along with the effect of project build-up and demand growth on the overall economics and decision-making process. Calculation and analysis of unit costs, rates of return, and tariffs, are an integral part of the course. To further enhance the learning experience, delegates will examine and analyze a case study on the economics of a major international pipeline project in Asia, including setting up an economic model and evaluation of project viability. There are no prerequisites for this course. 8 CPE Credits per training day are awarded for this course.
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