Natural Gas In North America: Markets & Security

This conference addresses a series of difficult questions regarding the future of natural gas in North America and suggests appropriate frameworks for both market participants and policymakers to understand the risks associated with various outcomes.

Central to this theme are two studies by Baker Institute researchers to be released at the conference. The first study, sponsored by the Independent Petroleum Association of America, poses questions regarding access to domestic resources and the growth of international trade in liquefied natural gas and what each means for security of supply.

The second study, undertaken with collaboration and support from McKinsey & Co., poses questions regarding potential market size, especially regarding growth in natural gas demand for power generation, and the relationship between crude oil and natural gas prices.

This conference was co-hosted by the Baker Institute Energy Forum in collaboration with the Center for Energy Economics at University of Texas.

Click here to see the event program

Event Agenda and Presentations

Opening Session
Chair: Amy Myers Jaffe, Wallace S. Wilson Fellow in Energy Studies James A. Baker III Institute of Public Policy

Welcome by the Honorable Edward P. Djerejian, Founding Director, James A. Baker III Institute of Public Policy Session

Introductory Remarks by John B. Walker Former Chairman, Independent Petroleum Association of America; President & CEO, EnerVest, Ltd.; Chairman & CEO, EV Energy Partners, L.P.

Keynote Addresses

Keynote by Katherine A. Fredriksen, Principal Deputy Assistant Secretary for Policy & International Affairs, US Department of Energy

Keynote by Roland George, Board Member, National Energy Board, Canada

Keynote by Francisco Salazar, President of the Energy Regulatory Commission (CRE) of Mexico
Introduction by Erika de la Garza, Program Director of the Latin American Initiative at the Baker Institute and the Mexicans Look at Mexico Lecture Series

SESSION 1: North American Gas Supply: What can we expect?
Session Chair: Dr. Kenneth B. Medlock III, Fellow in Energy Studies, Baker Institute

 "The North American Natural Gas Resource Base"
Chris Schenk, Project chief, USGS National Oil and Gas Assessment

"Canadian Supply Developments: Implications for North America"
George Eynon, Vice President, Business Development & External Relations Canadian Energy Research Institute Presentation

 "Developments in the Mexican Natural Gas Market"
Juan Rosellon, PhD Professor, Centro de Investigación y Docencia Económicas, and Research Associate, Technische Universitᅢᄂt Dresden Presentation

 "Baker Institute Study: Future North American Security of Gas Supply - Security of Gas Supply in a Global Market"
Kenneth B. Medlock III, PhD Fellow in Energy Studies, James A. Baker III Institute for Public Policy

SESSION 2: North American Demand and Competition of Fuels in Gas
Session Chair: Dr. Michelle Michot Foss, Head of Center for Energy Economics and Chief Energy Economist, Bureau of Economic Geology, The University of Texas at Austin

 "Outlook for North American Natural Gas Demand"
Glen Sweetnam, Director, International, Economic and Greenhouse Gases Division, Energy Information Administration, US Department of Energy Presentation

 "Fuel Competition in Gas-Consuming Sectors"
Michelle Michot Foss, PhD Head of Center for Energy Economics and Chief Energy Economist, Bureau of Economic Geology, The University of Texas at Austin

 "The Florida Perspective - Trade offs in Power Generation and State Climate Mitigation Policy"
Bradley Williams, President, Spitfire Advisors Inc., and Principal, Floridian Gas Storage Co., LLC

 "Natural Gas Demand in the Petrochemical Sector"
David Burns, PhD Director, Business Development, Praxair, Inc.

SESSION 3: The Crude Oil-Natural Gas Price Relationship
Session Chair: Dr. Kenneth B. Medlock III, Fellow in Energy Studies, Baker Institute

 "What Drives Natural Gas Prices?"
Mine Yᅢᄐcel, PhD Senior Economist and Vice President Federal Reserve Bank of Dallas

 "Baker Institute Study: The Relationship between Crude Oil and Natural Gas Prices"
Jennifer Rosthal, Graduate Fellow, James A. Baker III Institute for Public Policy

 "Natural Gas Demand in the US Power Generation Sector"
Peter Hartley, PhD George and Cynthia Mitchell Chair & Professor of Economics, Rice University & Rice Scholar, James A. Baker III Institute for Public Policy Presentation

 "North American Natural Gas Fundamentals and Market Based Long-Term Pricing"
Ankush Kumar and Tommy Inglesby, Associate Principals, McKinsey & Co.

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Speaker Edward Djerejian

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When?

Fri, Nov. 16, 2007
8:30 a.m. - 5 p.m.
(GMT-0600) America/Chicago

Where?

The Baker Institute at Rice University