World natural gas consumption is projected to more than double by 2030 -- surpassing coal as the world's #2 energy resource. Plentiful reserves exist but surplus gas supplies are far removed from future demand centers -- necessitating major investments in gas transport infrastructures. The growing importance of natural gas imports to modern economies will force new thinking about energy security.
The two-year collaborative study between Stanford PESD and the James A. Baker III Institute for Public Policy of Rice University includes seven historical case studies of built cross-border gas trade projects and economic modeling of global natural gas markets. The project aims to assess key factors affecting decision-making in large gas infrastructure investments and to then utilize these results to inform analysis of prospective developments in the world gas trade.
The seminar serves as a prelude to the Geopolitics of Gas Conference co-hosted by the Stanford Program on Energy and Sustainable Development and the James A. Baker III Institute for Public Policy of Rice University to be held May 26-27, 2004 in Houston, Texas.