The CSIS Energy and National Security Program is pleased to host Fereidun Fesharaki, Founder and Chairman of FGE, for a presentation and discussion on the current state of global oil and gas markets, one balancing as the other appears to tip toward imbalance.
Oil markets are struggling to reach a balance, and with robust demand growth and continued OPEC cutbacks, a balance might be reached in the 2017/2018 period. LNG markets are facing a prolonged period of imbalance, perhaps through about 2023, before a balance can be reached. While many advocate new U.S. LNG projects, around 50% of the projects currently under construction have still not been sold to end users.
Dr. Fesharaki's work is recognized worldwide for pioneering oil and gas market analysis since the early 1980s. Born in Iran, he received his Ph.D. in economics from the University of Surrey in England. He then completed a visiting fellowship at Harvard University’s Center for Middle Eastern Studies. He joined the East West Center in 1979, where he led the Energy program for two decades. FGE offices are spread around the world in 8 locations with heavy emphasis on Asia and the Middle East.
Please RSVP no later than Monday, May 22nd.
This event is made possible by general funding to CSIS and the Energy & National Security Program.