The CSIS Energy and National Security Program is pleased to host the King Abdullah Petroleum Studies Research Center and the Oxford Institute for Energy Studies to launch their newly published book, LNG Markets in Transition: the Great Reconfiguration
(editors: Ms. Anne-Sophie Corbeau, KAPSARC, and Mr. David Ledesma, OIES).
The book posits that dramatic changes are taking place on global liquefied natural gas (LNG) markets today and that this development is about to topple 50 years of practice in the LNG business. The speakers will explain the nature, drivers and extent of changes that are taking place in global LNG markets and illuminate how new and existing players are challenging the norms of the LNG business in relation to business structures, contracts, and price dynamics. Some of the specific questions they will address are: what are the impacts of the current excess global supply in LNG on trade-flow patterns, pricing dynamics, competition with pipeline gas and other sources of electricity? How will the pricing dynamics and contractual arrangements, such as oil indexation and destination restrictions, evolve in light of low oil and gas prices unseen in a decade as well as the advent of U.S. LNG supplies? Also, what impacts will these changes have on project business structures and the profile of major stakeholders in LNG business, including producers, sellers and buyers—utilities, aggregators or otherwise?