The international gas market is likely to witness fundamental change over the next decade as both centers of supply and demand shift. With a growing need for gas in South and East Asia – as well as the Middle East – and new supply from unconventional gas and other discoveries, what will the new global gas landscape look like?
A new paper from the Brookings Doha Center and Energy Security Initiative documents the proceedings of the 2013 Brookings Doha Energy Forum. This year’s Forum convened senior government officials, energy company executives, and world-class energy analysts from the Middle East, Asia, Europe, and United States to foster debate and dialogue around the dramatic shifts underway in global natural gas markets.
Based on the Forum’s plenary and roundtable sessions, this paper reflects a discussion of these shifts, particularly in light of the “unconventional gas revolution.” It also examines natural gas’s role in the political economy of the Middle East, as well as prospects for new investment in regional gas infrastructure. The paper paints a picture of transformational change for natural gas – change that promises a new era for the global gas market.