March 10, 2010
This companion piece to the Huge Unconventional Gas Finds likely to change US Gas Markets was commissioned by Oxford Analytica and published in the end of 2009.
SUBJECT: The impact of huge new US and Canadian unconventional gas developments on North American and global energy industries.
SIGNIFICANCE: Reliable private and government estimates suggest that proven US gas reserves from conventional and unconventional sources are likely to rise from just over 200 trillion cubic feet (Tcf) to well in excess of 1,700 Tcf (surpassing current Russian reserves) due to unconventional gas developments. This is certain to have major industry implications, particularly on proposed North American gas pipeline projects from the Arctic and the outlook for the global liquefied natural gas (LNG) industry. Read the rest of this entry »
March 2, 2010
This policy brief, which will be followed by a companion piece, was commissioned by Oxford Analytica and published in the end of 2009. The other piece, which deals with the impact of the new gas finds on the LNG and Pipeline sectors will be posted in the next few days.
SUBJECT: How huge new US unconventional gas developments will change markets.
SIGNIFICANCE: Recent evaluations based on production data for the Appalachian Basin Marcellus Shale formation estimate potential gas production at 489 trillion cubic feet. Other newly discovered gas sources will ultimately push US unconventional reserves to well in excess of current Russian proven reserves. Although this resource, and several other massive unconventional finds, will take years to develop, the impact on US, North American, and global gas markets will be enormous. Read the rest of this entry »
September 22, 2009
Nicole Spencer and Siobhan Sheils, guest contributors
This posting is a courtesy of the Americas Society/Council of the Americas
With elections in December, the next president of Chile will, like counterparts across the region, face challenges to ensure the country’s continued socioeconomic prosperity. One difficult choice will be determining Chile’s energy path. The policies adopted by the new administration to tackle renewable energy, hydroelectric power, and the highly controversial issue of nuclear energy development will affect the country’s future role as a regional market leader. Read the rest of this entry »
September 21, 2009
This posting is a guest contribution by Eric Farnsworth, Vice President of the Council of the Americas in Washington DC. It was originally published as a blog contribution to Americas Quarterly, the policy journal for our hemisphere.
Prior to the economic crisis that began exactly one year ago with the Lehman Brothers collapse, Latin America was on an economic tear. For over five years the region had enjoyed historic economic growth, reducing poverty and building the small but growing middle class. Growth was based primarily on the commodities trade; Asian nations, particularly China, were sucking up virtually everything Latin America could grow, mine or drill. Read the rest of this entry »
July 30, 2009
Joe Cavaliere, guest contributor
A group of eight petroleum companies have agreed to invest $185.25 million to finance the Transmagallanico Natural Gas Pipeline (TNGP), a large project in which a single natural gas pipeline will cross the Straight of Magellan, to bring natural gas to the South American continent from Tierra del Fuego. Read the rest of this entry »