A Shale Storm: The Impacts of Unconventional Gas on Geopolitics and Investment
Paul Stevens, Senior Research Fellow, Energy, Environment and Development Programme, Chatham House
John Mitchell, Associate Fellow, Energy, Environment and Development Programme, Chatham House
In the last year or so, the energy headlines have been dominated by the 'arrival' of unconventional gas - especially shale gas - onto the US scene. This has been greeted variously as a 'game changer' or a 'gas revolution'. But there is great uncertainty over whether the apparent US success can be replicated in Western Europe and elsewhere.
Do the economics and logistics of getting drilling equipment in place make sense? Will environmental regulation prevent hydro-fracturing? Is it worth investing in new pipelines from Central Asia? In all the excitement, little attention is being paid to the collective impact of uncertainties on international gas markets, the consequences for global gas supply and the response of gas exporting countries.
Paul Stevens and John Mitchell will discuss the implications of the shale phenomenon and draw attention to the changing geography of gas demand and trade as Asia's imports surge.
This event is part of the Fossil Fuels Expert Roundtable.
Attendance is by invitation only.