Natural Resources
Paragraphs

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.

 

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Publication Type
Working Papers
Publication Date
Journal Publisher
Program on Energy and Sustainable Development Working Paper #36
Authors
Mark H. Hayes
David G. Victor
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