Washington, D.C. – It’s clear now that the U.S. has far more abundant oil and gas resources than was previously known, creating significantly different prospects for the future. The U.S. shale gas boom could allow the United States to transition from a net energy importer to net energy exporter in the foreseeable future—a transition that would have been unthinkable a decade ago.
Prudent and responsible policy with regards to natural gas exports must take into account a number of issues and priorities, including the impact of exports on the national and regional economy, job creation, international trade flows, and the environment. While the Department of Energy’s recent order granting the Freeport LNG Expansion, L.P. project permission to export liquefied natural gas sheds additional light on this issue, questions remain regarding the process for approving additional permits.
This session, hosted by former Senator Pete Domenici, will take a dispassionate look at the analysis behind the export debate, the domestic politics surrounding the topic, and the geopolitical implications of global shale gas development. David Goldwyn of Goldwyn Global Strategies, LLC, former State Department Special Envoy and Coordinator for International Energy Affairs will moderate the event. The press is welcome to attend and is encouraged to register using the link below.
Washington Court Hotel
525 New Jersey Avenue, NW
Washington, DC 20001
Thursday, July 25, 2013
8:30 a.m. – 12:30 p.m.
8:30 a.m. Breakfast Is Available
9:00 a.m. Welcome and Introduction
9:15 a.m. Keynote Speaker: Process and Policy of Exporting Natural Gas
Energy Counselor to the Secretary of Energy, U.S. Department of Energy
9:45 a.m. Panel 1: U.S. Natural Gas Exports – Process and Policy Issues
DOE’s recent approval raises questions about the order in which permits will be granted, and whether trade or issues will be raised if commercially-ready projects are not able to obtain export licenses. This panel will consider both the process by which DOE will determine how to permit export facilities, and look at the estimates for export volumes, price impacts, and total economic impacts, all of which play a role in permitting decisions. In addition, this panel will consider how DOE can calculate the cumulative impacts of its decisions and the effects of U.S. LNG exports on global natural gas prices, particularly oil-linked natural gas prices, and current natural gas flows between the U.S., Canada, and Mexico.
Regional Jones Senior Fellow, Peterson Institue for International Economics
Senior Vice President, NERA Economic Counsutling
Vice President, Marketing, Anadarko Petroleum Corporation
10:45 a.m. Coffee Break
11:00 a.m. Panel 2: Geopolitical Impacts of Shale Gas
The implications of the shale gas boom in the United States include the impacts of exporting not only LNG, but also of exporting the technologies needed to extract shale gas. Both exports have the potential to influence U.S. foreign policy and strategy abroad. This panel will consider the total impacts of the shale gas boom on U.S. policy and relations with strategic partners in Asia, Europe, Eurasia, and the Middle East.
James A. Baker III and Susan G. Baker Fellow in Energy and Resource Economics, Rice University
Executive Director, Energy Sustainability Challenge, MIT Energy Initiative
12:00 p.m. Keynote Speaker: The Economic and Geopolitical Impact of Natural Gas Exports
Senator Ron Wyden (D-OR)
Chairman, U.S. Senate Committee on Energy and Natural Resources
12:30 p.m. Adjournment