Conference

Rebalancing the World Energy Markets

The role of China, Russia and Central Asia

29 Nov 2012 - 09:30 to 30 Nov 2012 - 17:00

Chatham House, London

'Rebalancing the World Energy Markets: The role of China, Russia and Central Asia' will study the interplay of factors shaping the world’s energy markets. Examining China, Russia and Central Asia’s demand drivers, it will assess the impact of unconventional energy sources, and discuss the feasibility of developing new fields in the context of oil and gas transport options. 

This two-day conference will provide a unique platform for policy makers, governments, commentators and key industry figures to assess the current situation and ask what lies ahead. Questions surrounding the domestic political context and business environment in which investments are likely to be made will be central to the conference debates. 

  • What effect is China’s rapidly rising domestic energy consumption having on global oil and gas supplies?
  • How will internal and external energy demand affect China’s investment decisions?
  • Will international oil companies be able to make significant investments in China’s expanding energy sector?
  • What role for Gazprom in the context of the ‘shale gas revolution’ and China’s alternative gas sources?
  • What are the short- and medium-term plans for investment in production expansion in Russia, Central Asia and China?  

 

 Suggested Twitter hashtag: #CHAsiaGas

  • Edward C Chow

    • Senior Fellow, Energy and National Security Program
  • Dr Jennifer Coolidge

    • Executive Director
  • Brendan Devlin

    • Adviser, Directorate B, Directorate General for Energy
  • Herman Franssen

    • Executive Director
  • Tim Gould

    • Senior Energy Analyst and Head of the Resources and Investment Unit, Directorate of Global Energy Economics
  • Rt Hon Lord Howell of Guildford

    • Personal Adviser to the Foreign and Commonwealth Secretary on Energy and Resource Scarcity
  • Dr Ken Koyama

    • Chief Economist and Managing Director
  • Professor Liu Xiaoli

    • Deputy Director, Centre for Energy Economics & Development Strategy
  • John Mitchell

    • Associate Fellow, Energy, Environment and Resources
  • Hasan Murat Mercan

    • Deputy Minister of Energy and Natural Resources
  • Dr Tatiana Mitrova

    • Head of Global Energy
  • Mehmet Öğütçü

    • Chairman
  • Dr Keun-Wook Paik

    • Associate Fellow, Energy, Environment and Development Programme
  • Anna Pechlivanidou

    • Gas Market Analyst, Gas Department
  • Bleddyn Phillips

    • Partner
  • Dr Nina Poussenkova

    • Senior Research Fellow
  • Christof Rühl

    • Chief Economist
  • Ivan Sandrea

    • Senior Research Adviser
  • Yuri K Shafranik

    • Chairman
  • Dr Konstantin Simonov

    • Director General
  • Professor Zhen Wang

    • Executive Dean of ACES
  • Dr Shamil Yenikeyeff

    • Research Fellow, Oxford Institute for Energy Studies and Senior Associate Member, Russian and Eurasian Studies Centre

This conference will be held under the Chatham House Rule. Information for journalists
Press can request a press pass using the form below.

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If you are interested in becoming a sponsor for this event, please contact Zuzana Feachem on +44 (0)20 7957 5755 or email [email protected]

 

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Venue

Chatham House

[email protected]

Telephone: +44 (0)20 7957 5729
Fax: +44 (0)20 7957 5710


If you wish to book the venue for your event please phone +44 (0)20 7314 2764


Conference Unit
Chatham House
10 St James's Square
London
SW1Y 4LE
UK

Chatham House Location Map

Accommodation

Although we cannot book accommodation for delegates, we have arranged a reduced rate at some nearby hotels, where you can book your own accommodation. Please inform the hotel that you will be attending a conference at Chatham House (The Royal Institute of International Affairs) to qualify for the Institute's reduced rate.

Please note all rates are subject to availability.

Flemings Mayfair
Half Moon Street
Mayfair
London W1Y 7RA
Tel: + 44 (0)20 7499 2964
Fax: + 44 (0)20 7499 1817
Standard Single £180 + VAT

The Cavendish London
81 Jermyn Street
London
SW1U 6JF
Tel: + 44 (0)20 7930 2111
Fax: + 44 (0)20 7839 2125
Standard Single £200 + VAT
To book The Cavendish online

The Stafford London by Kempinski
St James's Place
London 
SW1A 1NJ
Tel: 020 7518 1125 
Fax: 020 7493 7121
Standard Single £230 +VAT
 

DAY ONE
Thursday 29 November 2012

Session One
The Expansion of China’s Oil and Gas Industry: The game changer?

  • Will China’s strategic oil reserves expand even further as a result of imports from Russia and the Central Asian republics?
  • Will China’s demand for gas lead to a rapid increase of pipeline gas and liquefied natural gas (LNG) imports?
  • What is China’s attitude towards oil and gas imports – are we approaching an era of Chinese development of shale gas and coal-bed methane?
  • How do the International Energy Agency, international oil companies and the EU view the expansion of China’s oil and gas industry?  

Chair    Ivan Sandrea
Senior Research Adviser
Oxford Institute for Energy Studies

09.30    Opening Remarks from the Chair

Keynote Address
Dr Zhen Wang
Professor and Executive Dean, Academy of Chinese Energy Strategy
China University of Petroleum, Beijing

Questions and discussion

Speakers
Christof Rühl
Group Chief Economist and Vice President
BP plc

Tim Gould
Head of Unit, Resources and Investment
Directorate of Global Energy Economics, International Energy Agency

Brendan Devlin
Adviser, DG Energy
European Commission

Questions and discussion

11.05    Refreshments
 

Session Two
The Energy Factor in Sino-Russian Relations

  • What factors are shaping Russia’s energy policy in its immediate neighbourhood?
  • What importance does Russia give to providing China’s energy needs? And what importance does China give to its gas and oil supply from Russia?
  • How will shale gas and LNG affect Russia’s share of the global energy market?
  • What is required to maintain and modernize key Russian energy infrastructure?
  • What are the challenges to the eastern Siberia–Pacific Ocean pipeline route and the spur line to China?


Chair    Tim Gould

11.35    Keynote Address
Yury Shafranik (on the record)
Chairman of the Board
Union of Oil and Gas Producers of Russia

Questions and discussion

Dr Konstantin Simonov
Director
National Energy Security Fund, Russian Federation 

Bleddyn Phillips
Partner
Clifford Chance

Dr Nina Poussenkova
Senior Research Fellow
Institute of World Economy and International Relations

Questions and discussion

13.15    Lunch
 

Session Three
Sino-Russian Gas Cooperation: Obstacles and implications

  • What is the fundamental difference between Sino-Russian gas cooperation and Sino-Russian oil cooperation? What are the implications of the failure of the 2011 Sino-Russian gas price deal? 
  • How will Sino-Russian gas cooperation evolve given China’s shale gas developments and LNG exports from the US, East Africa and Australia? Why is the string of gas discoveries in East Africa important for Asian consumers? 
  • How significant can Russia’s role be in the supply of LNG to Asia via the Arctic Sea lane? 

Chair    Dr Keun-Wook Paik
Senior Reseach Fellow, Oxford Institute for Energy Studies and
Associate Fellow, Energy, Environment and Resources Programme
Chatham House

14.15    Remarks from the Chair

Speaker Panel

Professor Liu Xiaoli
Research Professor and Deputy Director, Centre for Energy Economics and Development Strategy, Energy Research Institute, National Development and Reform Commission, People’s Republic of China

Dr Tatiana Mitrova
Head, Global Energy, SKOLKOVO Energy Centre and Head, Centre for International Energy Markets Studies,Energy Research Institute, Russian Academy of Sciences

Anna Pechlivanidou
Gas Market Analyst, Gas Department
Clarksons

Dr Ken Koyama
Chief Economist and Managing Director
Institute of Energy Economics, Japan

Questions and discussion

15.45    Refreshments
 

Session Four
Central Asian Republics’ Oil and Gas Supply to China

  • What roles are the EU, China and other external actors playing in the Central Asian republics’ national energy strategy?
  • What are the implications for Europe of the increasing Turkmen gas sales and Kazakh oil sales to China? 
  • Why is the Central Asian energy sector giving highest priority to Chinese investment?
  • What impact will the trans-Asia natural gas pipeline have on Russia’s Altai gas supply to western China? 
  • What are the economic challenges to increasing the scale of oil and gas imports using large-diameter and long-distance pipelines?

Chair    Mehmet Öğütçü
Chairman
Global Resources Corporation

16.05    Speaker Panel
Edward Chow
Senior Fellow, Energy and National Security Program
Center for Strategic and International Studies  

Dr Shamil Midkhatovich Yenikeyeff
Research Fellow
Oxford Institute for Energy Studies

Dr Jennifer Coolidge
Executive Director
CMX Caspian and Gulf Consultants

Questions and discussion

17.30    End of day one and drinks reception hosted by Chatham House


DAY TWO
Friday, 30 November 2012

Chair  John V Mitchell
Associate Fellow, Energy, Environment and Resources
Chatham House

09.30    Opening Remarks from the Chair

Keynote Addresses
Rt Hon Lord Howell of Guildford (on the record)
Personal Adviser to the Foreign and Commonwealth Secretary on Energy and
Resource Scarcity

Questions and discussion

Hasan Murat Mercan
Deputy Minister of Energy and Natural Resources
Turkey

Questions and discussion

Session Five
Rebalancing the World Energy Markets

  • How is the LNG competition affecting Sino-Russian gas cooperation?
  • What will US energy independence do to the energy markets? 
  • What will be the regional and global consequences of Sino-Russian oil and gas cooperation?
  • How will Russia’s ambition to be a major LNG trader affect global gas-trading trends?
  • How will the eastern Siberia–Pacific Ocean pipeline development affect Asian premium?  
  • What effect will development of China’s gas resources have on global gas trading in the coming decade?


10.40    Keynote Address
Herman Franssen
Executive Director
Energy Intelligence Group

Questions and discussion

11.10    Refreshments

11.30    Speaker Panel

Christof Rühl

Dr Ken Koyama

Dr Zhen Wang

Dr Tatiana Mitrova

Dr Keun-Wook Paik

13.00    End of conference and lunch

© The Royal Institute of International Affairs 2012