Day 2 will explore North America’s re-birth in producing hydrocarbons, which is creating new relationships and transportation patterns. The day will begin with Bentek analysis featuring the first half of the “North American BTU Tipping Point,” which will discuss hydrocarbon dependencies, power burn, coal displacements and the North American supply/demand balance. External speakers will then provide commentary on the day’s theme. The afternoon will feature two concurrent breakout tracks with sessions on the gas, crude, NGL and LNG markets, allowing attendees to customize their day and focus on the commodities and regions that have the greatest impact on them.

Breakout Sessions: Tracks 1 and 2 will be repeated on Days 2 and 3. Mix and match sessions from either track!
Track 1	Track 2
11:00 North American Natural Gas Demand Speaker: Tony Sweet, Bentek Senior Energy Analyst	11:00 Global LNG Speaker: Javier Diaz, Bentek Energy Analyst II
Long- and short-term drivers of the great switch Structural shifts: Gas market share in the power sector Are coal and fuel oil done for? Opportunities to capture peaking demand Gas-electric coordination, constraints and other risks Industrial demand wildcard Coal vs. LNG: Competing for exports?	Global LNG supply: Liquefaction, capacities, new builds and North American exports Global LNG demand: Market shifts to the Pacific, South America and does Europe need LNG? Global LNG balance: Will the global market be undersupplied? Pricing outlook: Oil linkage vs. Henry Hub pricing, the spot market evolution and forecasts and the potential impact of nuclear re-starts in Japan on global demand and prices Shipping: Will existing ship orders be adequate for upcoming liquefaction capacity growth?
1:30 North American Natural Gas Market Outlook Speaker: Jack Weixel, Bentek Director, Client Services	1:30 North American NGLs Part 1 – Supply Speaker: Charles Nevle, Bentek Manager, Energy Analysis
What is the expected global balance for LNG? How will exports affect the U.S. gas price? The shifting import/export relationship; U.S. takes less from Canada, sends more to Mexico The demand groundswell: industry and power burn will cut into supplies Equilibrium production: what is the national break-even price of natural gas? Regional balances: Northeast becomes a supply zone, Southeast/West go net short, Mexican demand more than triples Price supporting and capping forces	U.S. gas plant NGL production increases through 2023 Growing NGL production from the Marcellus and Utica will transform market dynamics and flow patterns in the Northeast Williston Basin: The wild card Growing production in the Rockies and Midcontinent will flow south to demand centers and export terminals An infrastructure boom in the Eagle Ford will support NGL production Ethane rejection outlook NGL barrel composition shifting as new infrastructure comes online
2:15 Natural Gas Regional: Northeast/Midwest/Midcon Speaker: Jennifer Robinson, Bentek Manager, Energy Analysis	2:15 North American NGLs Part 2 - Demand Speaker: Charles Nevle, Bentek Manager, Energy Analysis
Marcellus & Utica floodgates The LNG backstop and potential for price spikes Power demand constraints and opportunities Infrastructure and expansions overview Northeast downstream demand prospects (Marcellus outflows to E. Canada, Midcon and the Southeast) Competing wet gas supply (Anadarko, Bakken expansions) REX turnaround?	Ethane long – but for how long? Exports to serve as a balancing mechanism for growing supplies for propane, butane and natural gasoline Growing demand from the U.S. petrochemical sector Mt. Belvieu purity product forecast through 2023
3:15 Natural Gas Regional: Southeast and Texas, including LNG Speaker: Rick Notarianni, Bentek Energy Analyst	3:15 North American Crude Oil - The Bakken and Canada Speaker: Jay Williams, Bentek Energy Analyst
Eagle Ford production shakes up Texas flows Texas flow corridors: West vs. East vs. Mexico Cotton Valley prospects Premium Southeast constraints and expansions LNG exports vs. power demand Timing the Haynesville comeback	Canadian vs. U.S. production growth Pipeline and refinery constraints Crude-by-rail: Impact on Bakken Bakken prospects vs. Alaska North Slope Bakken drilling trends Displacing light crude from the East Coast Bakken price forecast
4:00 Natural Gas Regional: Northwest, Southwest, California and Canada Speaker: Rocco Canonica, Bentek Director, Energy Analysis	4:00 North American Crude Oil – Cushing and the South Speaker: Chris Micsak, Bentek Energy Analyst
California dreamin’ – the new premium market Mexico’s insatiable appetite Shale gas: A white whale for the West? Emerging pipeline capacity constraints and opportunities SoCal: The new Algonquin? Storage value with a twist Ethane rejection and West production	U.S. South supply growth Cushing vs. Brent price spread expectations Louisiana light sweet vs. Brent forecast Cushing and U.S. Gulf Coast connectivity Challenging imports Cushing/Gulf Coast price forecasts