Program on Energy and Sustainable Development Working Paper #36
Revised August 2005
We summarize four main project results that should dominate strategic thinking about the next three decades' shift to increasing reliance on natural gas:
An integrated global gas market will emerge, in which events in any individual region or country will affect all regions.
The role of governments in natural gas market development will change dramatically in the coming decades.
The rising geopolitical importance of natural gas implies growing attention to supply security.
The rapid shift to a global gas market is not a certainty. It depends enormously on creating the context in which investors will have confidence to deploy vast sums of financial and intellectual capital; it requires finding solutions to the adverse social and political consequences of developing natural resources in countries where governance is weak; and it assumes a continued pull from the growing world electricity sector.