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Senator Wyden Keynotes July 25 Event on U.S. Shale Gas Boom and its Implications for the U.S. Economy, Trade, and Geopolitics

Thursday, June 27, 2013

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.

If you are interested in attending, please RSVP here. For future updates on participants, stay tuned to this page.

WHAT:

Session Two – U.S. Shale Gas Boom: Implications for the U.S. Economy, Trade, and Geopolitics

WHERE:

Washington Court Hotel

Grand Ballroom

525 New Jersey Avenue, NW

Washington, DC 20001

WHEN:

Thursday, July 25, 2013

8:30 a.m. – 12:30 p.m.

AGENDA:

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

Melanie Kenderdine
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.

Gary Hufbauer
Regional Jones Senior Fellow, Peterson Institue for International Economics

David Montgomery
Senior Vice President, NERA Economic Counsutling

Scott Moore
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.

Kenneth Medlock
James A. Baker III and Susan G. Baker Fellow in Energy and Resource Economics, Rice University

Francis O’Sullivan
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 

2013-06-27 00:00:00
Session Two in the New Geopolitics of Petroleum and Natural Gas Discussion Series