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The Geopolitics of Natural Gas: Report of Scenarios Workshop of Harvard University’s Belfer Center and Rice University’s Baker Institute Energy Forum

The Geopolitics of Natural Gas: Report of Scenarios Workshop of Harvard University’s Belfer Center and Rice University’s Baker Institute Energy Forum

Full Title: The Geopolitics of Natural Gas: Report of Scenarios Workshop of Harvard University's Belfer Center and Rice University's Baker Institute Energy Forum
Author(s): Amy Meyers Jaffe, Meghan L. O'Sullivan
Publisher(s): Harvard Kennedy School Belfer Center
Publication Date: July 1, 2012
Full Text: Download Resource
Description (excerpt):

Some of the most dramatic energy developments of recent years have been in the realm of natural gas. Huge quantities of unconventional US shale gas are now commercially viable, changing the strategic picture for the United States by making it self-sufficient in natural gas for the foreseeable future. This development alone has reverberated around the globe, causing shifts in patterns of trade and leading other countries in Europe and Asia to explore their own shale gas potential. Such developments are putting pressure on longstanding arrangements, such as oil- linked gas contracts and the separate nature of North American, European, and Asian gas markets, and may lead to strategic shifts, such as the weakening of Russia’s dominance in the European gas market.
Against this backdrop, the Energy Forum of Rice University’s James A. Baker III Institute for Public Policy and the Geopolitics of Energy Project at Harvard University’s Kennedy School have launched a two-year study on the geopolitical implications of natural gas. The project is co- directed by Amy Myers Jaffe and Meghan O’Sullivan and brings together experts from academia and industry to explore the potential for new quantities of conventional and unconventional natural gas reaching global markets in the years ahead. The effort draws on more than 15 experts on producer and consumer countries who will assess the prospects for gas consumption and production in the country in question, based on anticipated political, economic, and policy trends. Building on these case studies, the project will formulate different scenarios and use the Rice World Gas Trade Model to assess the cumulative impact of country-specific changes on the global gas market and, more broadly, on geopolitics.

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