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13th IEF and 5th IEBF, Kuwait

12-14 March, 2012

Kuwait

Agendas

Confirmed Participants

Reports

Inaugral Messages

Presentations and Speeches

IEF13 Session 1

Chair:

Speakers:

Panel:

IEF13 Session 2

Speakers:

Panel:

IEF13 Session 3

Chair:

Speakers:

Panel:

IEF13 Session 4

Speakers:

Panel:

IEBF5 Session 1

Co-Chair:

Panel:

IEBF5 Session 2

Chair:

Co-Chair:

Panel:

Concluding Statement

IEF In The Press

Visit our IEF In The Press page to read more articles about the IEF

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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