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Other Organisations

Chatham House - Royal Institute of International Affairs

The Royal Institute of International Affairs is an independent research institute, think-tank and membership organization. Based at Chatham House in London, it works to stimulate debate and research on political, business, security and other key issues.

The Energy and Resources Institute (TERI) – India

The Energy and Resources Institute (TERI) fosters the development of solutions to global problems in the fields of energy, environment and current patterns of development. The Institute is headquartered in New Delhi, India.

Energy Charter Secretariat

The Energy Charter Treaty and the Energy Charter Protocol on Energy Efficiency and Related Environmental Aspects were signed in December 1994 and entered into legal force in April 1998. The fundamental aim of the Energy Charter Treaty is to strengthen the rule of law on energy issues, by creating a level playing field of rules to be observed by all participating governments, thereby mitigating risks associated with energy-related investment and trade.

G20

Gas Exporting Countries Forum

The Gas Exporting Countries Forum (GECF) is a gathering of the world's leading gas producers aimed at representing and promoting their mutual interests.

The GECF was set up with the objective to increase the level of coordination and strengthen the collaboration between member countries. The forum also seeks to promote dialogue between gas producers and consumers.

Global CCS Institute

 The Global Carbon Capture and Storage Institute (Global CCS Institute) has an integral role to play in reducing the effects of climate change. Its central objective is to accelerate the commercial deployment of carbon capture and storage (CCS) projects to ensure their valuable contribution in reducing carbon dioxide emissions.

The Institut Français du Pétrole – France

Institut Français du Pétrole (IFP) is a scientific research and industrial development, training, and information services centre active in the fields of oil & natural gas, their use, in particular by vehicles, and new energy and environmental technologies.

Institute of Energy Economics of Japan

Institute of Energy Economics of Japan (IEEJ) is an autonomous, not-for-profit, research institute headquartered in Tokyo, Japan. It assists the government and corporations to formulate policies and make decisions in the areas of energy and environment.

International Energy Agency

The International Energy Agency (IEA) is an intergovernmental organisation which acts as energy policy advisor to 28 member countries in their effort to ensure reliable, affordable and clean energy for their citizens. Founded during the oil crisis of 1973-74, the IEA’s initial role was to co-ordinate measures in times of oil supply emergencies. As energy markets have changed, so has the IEA. Its mandate has broadened to incorporate the “Three E’s” of balanced energy policy making: energy security, economic development and environmental protection.

International Gas Union

The International Gas Union (IGU) is a non-profit organisation to promote the technical and economic progress of the gas industry. Membership includes associations and entities of the gas industries in 67 countries.

Organization of the Petroleum Exporting Countries

OPEC's mission is to coordinate and unify the petroleum policies of Member Countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital to those investing in the petroleum industry.

OPEC Fund for International Development

The OPEC Fund for International Development (OFID) is the intergovernmental development finance institution established in 1976 by the Member States of the Organization of the Petroleum Exporting Countries (OPEC). OFID has two primary aims: To promote cooperation between OPEC Member Countries and other developing countries as an expression of South-South solidarity; and, to help particularly the poorer, low-income countries in pursuit of their social and economic advancement.  Energy poverty alleviation has become a strategic priority for OFID since 2007, when it was enjoined by its Member Countries in the Solemn Declaration of the Third OPEC Summit to sharpen its focus in this area.

Dialogue Insights

  • Gas is far from being just a bridging fuel. Gas is here to stay.
  • An integrated global gas market is not likely in the near term.
  • The three main gas regions (North America, Europe, & Asia) will keep their own fundamentals for some time.
  • The regionalisation of gas markets does not imply lower interdependence.
  • In the US, cheap gas displaced coal but in Europe cheap US coal has displaced gas.
  • The energy mix in one region depends on the energy mix in another.
  • In North America, UK, & increasingly Europe, gas trading at hubs provides liquid & transparent pricing data.
  • In the US, deregulation & financialisation of the gas market helped establish a price based on fundamentals.
  • The logic for establishing an Asian gas-pricing hub is questionable as the number of buyers & sellers is small.
  • Demand for natural gas in the coming decades is projected to come mainly from non-OECD countries.
  • Prospects for natural gas consumption are still tied to its applications as much as to its relative price.
  • Gas usage depends heavily on an anchor technology, such as electricity generation.
  • Markets remain interconnected and interdependent, despite the recent "re-regionalisation" of gas markets.
  • More dialogue is required to analyse possible changes to the structure of gas contracts.
  • Long-term contracts help ensure security of supply & demand, but there is room to incorporate market signals.
  • Policymakers must balance short-term mandates with long-term goals for the nations they represent.
  • Most stakeholders and market actors do not grasp the degree to which renewables need gas as a backup.
  • Industry and government should work together to address "herd mentalities" regarding entering new markets.
  • Future gas demand levels for transportation remain a "known unknown".
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