Past Event
June 28, 2013
6:30 am - 8:00 am
Please join the Center on Global Energy Policy for a presentation by Laszlo Varro, Head of the Gas, Coal and Power Division at the International Energy Agency, of the IEA’s 2013 Medium Term Gas Market Report. A summary of the report is below. A discussion moderated by Center Director Jason Bordoff will follow the presentation. Registration is required. This event is open to press.
For more information contact: [email protected]
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2013 Medium Term Gas Market Report Summary
Natural gas takes a breath as it turns into its Golden Age: its growth measurably slows down although to a pace that still comfortably exceeds the growth of either oil or total energy use. The further growth of gas is constrained by continuing weakness in Europe, a resilience of coal in North America as well as persistent bottlenecks and disruptions in the LNG value chain that in 2012 caused an exceptional global decline of LNG supply. The IEA new Medium Term Gas Market report provides a detailed analysis of demand, upstream investment and trade developments till 2018 that will shape the gas industry and the role of gas in the global energy system. Its special sections investigate the economic viability of gas-fired power generation in Europe, the prospects for an LNG trading hub in Asia as well as the potentially transformational role of natural gas in the transport sector. Amid a continuous regional divergence between North American plenty, European weakness and Asian thirst for LNG, the 2013 Medium Term Gas Market Report will investigate the key questions that the gas industry faces: