This workshop will focus on alternative economic and geopolitical scenarios that could affect global liquefied natural gas (LNG) markets in the coming years. The purpose of the workshop is to present preliminary findings from ongoing work on the study, "The Changing Geopolitics of Natural Gas: Unconventional Gas and Its Implications for Global Natural Gas Markets, Geopolitical Relations and U.S. Energy Security." The study investigates the emerging influences on regional natural gas markets from the development of unconventional natural gas resources in North America and elsewhere around the globe.
Topics to be discussed will include:
- preliminary findings for scenarios related to the development of unconventional natural gas in China;
- preliminary findings for scenarios related to alternative economic outlooks for China"s economic growth;
- preliminary findings for scenarios in which current international conflicts are resolved and Iranian and Venezuelan LNG become viable development options;
- preliminary findings for geopolitical scenarios related to alternative marketing strategies for Qatar and Russia to defend market share in natural gas markets in Europe and Asia;
- presentation of research into the causes of the current crude oil-natural gas price relationship and the implications for U.S. LNG exports.
"Geopolitics of Shale Gas: Influencing Factors, Iran, Venezuela and China"
Amy Myers Jaffe, Wallace S. Wilson Fellow for Energy Studies, Baker Institute
"Gas and Oil Cartels: A Game-Theoretic Analysis"
Songying Fang, Department of Political Science, Rice University
"The Relationship Between Crude Oil and Natural Gas Prices: The Role of the Exchange Rate"
Peter R. Hartley, Department of Economics, Rice University
"The Rice World Gas Trade Model"
Kenneth B. Medlock III, James A. Baker III and Susan G. Baker Fellow in Energy and Resource Economics, Baker Institute