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2013 Energy Security Workshop

Asia’s Uncertain LNG Future


The National Bureau of Asian Research (NBR) hosted its ninth annual Energy Security Workshop, “Asia’s Uncertain LNG Future,” on June 21, 2013, in Washington, D.C.


Event Materials

Agenda

Speaker Biographies

2012 Energy Security Report

Oil and Gas for Asia: Geopolitical Implications of Asia’s Rising Demand

Learn More

For more information about the workshop, please contact:

Clara Gillispie
Assistant Director of Trade, Economic, and Energy Affairs
(202) 347-9767
eta@nbr.org

Asia hopes that liquefied natural gas (LNG) will become a key component of its future energy security strategies as the region seeks to meet its energy and environmental goals. However, there is enormous uncertainty about the extent to which Asia can rely on LNG to meet its future needs. Australian supplies are being threatened by huge cost pressures; U.S. and Canadian supplies are facing domestic policy constraints; and Gulf supplies are subject to geopolitical uncertainty. The demand picture is also deeply uncertain: China is trying to determine the role of LNG in its energy policy, while examining related questions about its potential shale gas supplies; Japan’s energy future remains unclear as policy debates continue about the use of nuclear power; and South Korea is seeking potential gas supplies from Russian pipelines, which may decrease its need for LNG. The future of Asia’s high-price, oil-linked LNG contracting structure is also under pressure.

How the United States and Asia address these challenges will determine the future of LNG as a critical dimension of Asia’s energy security and will have significant geopolitical implications.

With these concerns in mind, the 2013 Energy Security Workshop examined:

  • Why Asia’s gas demand has been rising so dramatically, and why LNG pricing and supply security have become a greater challenge
  • LNG demand dynamics in the Asia-Pacific, and how Asia’s major consumers are responding to and shaping both market and policy challenges
  • Asia’s major supply uncertainties and geopolitical risks, including questions about U.S. and Australian exports and how domestic politics are shaping Russian energy policies
  • The impact of the shale gas revolution in North America on the future of U.S. strategic commitments in the Middle East and the implications for Asia's energy security
  • Strategies for enhancing U.S. energy security and strategic engagement in the Asia-Pacific



Sponsors


Asian Development Bank

Chevron

ConocoPhillips

ExxonMobil


Speakers included:

Michael Bradshaw
University of Leicester

Mikkal Herberg
The National Bureau of Asian Research; University of California–San Diego

Peter Hughes
Peter Hughes Energy Advisory Limited

Amy Jaffe
University of California–Davis

James Jensen
Jensen Associates

Anthony Jude
Asian Development Bank

Damien Ma
The Paulson Institute

Jane Nakano
Center for Strategic and International Studies

Tony Nash
IHS Consulting Asia

James Slutz
Global Energy Strategies

Nikos Tsafos
PFC Energy

Anthony Yuen
Citigroup


Background on NBR's Energy Security Program

Now in its ninth year, NBR’s Energy Security Program convenes top energy and geopolitical experts from industry, research, and policy for an assessment of the developments taking place in Asian energy markets and their implications for geopolitics.

To inform and strengthen the public policy dialogue, experts share insights and recommendations through a number of channels, including an invitation-only spring workshop, NBR’s annual Energy Security Report, and a public launch event in the fall.



At the 2012 Energy Security Workshop, Nikos Tsafos (PFC Energy), Charles Ebinger (Brookings), Michihiro Kishimoto (Japan Oil, Gas, and Metals National Corporation), and Tomoko Hosoe (FACTS Global Energy) discuss the market outlook for LNG in Asia.



Read the 2012 Energy Security Report, “Oil and Gas for Asia: Geopolitical Implications of Asia’s Rising Demand.”



On June 19, NBR hosted a briefing on the findings of the 2013 Pacific Energy Summit in Washington, D.C. A panel of experts including Mikkal Herberg (NBR) examined what is needed to realize the full potential for more integrated energy trade and investment between Asia and North America in light of the shale revolution and Asia’s rising energy demand. Learn more.

For more information on the 2013 Energy Security Program, please contact:

Clara Gillispie
Assistant Director of Trade, Economic, and Energy Affairs
(202) 347-9767
eta@nbr.org