Journal Article - Energy Strategy Reviews
The global gas market, LNG exports and the shifting US geopolitical presence
Abstract
The upstream renaissance in the United States that has resulted from the successful application of new technologies in the exploration and development of shale gas has generated ripples through the global gas market. The US is soon to become a significant exporter of liquefied natural gas (LNG), which is remarkable given conventional wisdom just a decade ago was that the US would become a substantial importer of LNG. As this new market reality takes hold, the geopolitical position of the US is also evolving. But, the manner in which this emerging position of strength may be maximized is a subject of debate. In the paper, we argue that simply accelerating US LNG exports does not convey the same benefits as successfully promoting liberalization of global gas markets, particularly when considering the geopolitical priority of easing European dependency on Russian natural gas.
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For Academic Citation:
Medlock, Kenneth B., Amy Myers Jaffe, and Meghan O'Sullivan. “The global gas market, LNG exports and the shifting US geopolitical presence.” Energy Strategy Reviews, vol. 5. (November 8, 2014) .
The Author
Meghan L. O'Sullivan
- Jeane Kirkpatrick Professor of the Practice of International Affairs, Harvard Kennedy School
- Member of the Board, Belfer Center
- Faculty Affiliate, Middle East Initiative
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Abstract
The upstream renaissance in the United States that has resulted from the successful application of new technologies in the exploration and development of shale gas has generated ripples through the global gas market. The US is soon to become a significant exporter of liquefied natural gas (LNG), which is remarkable given conventional wisdom just a decade ago was that the US would become a substantial importer of LNG. As this new market reality takes hold, the geopolitical position of the US is also evolving. But, the manner in which this emerging position of strength may be maximized is a subject of debate. In the paper, we argue that simply accelerating US LNG exports does not convey the same benefits as successfully promoting liberalization of global gas markets, particularly when considering the geopolitical priority of easing European dependency on Russian natural gas.
Read the full article:
The Author
Meghan L. O'Sullivan
- Jeane Kirkpatrick Professor of the Practice of International Affairs, Harvard Kennedy School
- Member of the Board, Belfer Center
- Faculty Affiliate, Middle East Initiative
- Recommended
- In the Spotlight
- Most Viewed
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Why the United States Should Spread Democracy
