ABOUT THE BOOK
fjrigjwwe9r0pp_Books:Description
With huge supplies, including from unconventional
plays, and its low carbon properties as compared to oil and coal and decreasing
transport hurdles, natural gas has what it takes to fulfil the escalating
demand for energy. Yet, the promise that it held a few years ago as the fastest
growing major source of energy appears to be fading, ironically due to abundant
supplies. On the one hand, while the risk of recovering producers’ costs for
the high capital investments required for production and liquefaction is
increasing, on the other, consumers are demanding lower prices in a market that
has turned in favour of the buyer. As a result, geopolitics, which was always
in play in the energy market, is growing, as gas producing and exporting
countries compete for a larger share of the market, or at the very least,
retain their existing ones. More importantly, the entry of new supply sources
is also pushing the market from the traditional oil-indexed pricing mechanism
that was prevalent in the European and Asian markets, towards a more flexible
mechanism, including a hub-based one. As liquidity in the gas market is
increasing, there are also signs that a global market, as against the current
regional one, may be emerging.
This volume looks at the evolving gas market and the
various players who influence it -- both as producers and consumers. However,
some of the players, such as Australia and the new African producers, as well
as Japan and South Korea, the two largest LNG consumers, have not been included
as their approach tends to be more commercial than geopolitical in nature.
ABOUT Author
fjrigjwwe9r0pp_Books:aboutAuthor
Shebonti
Ray Dadwal
is a Senior Fellow with the Institute for Defence Studies and Analyses (IDSA),
heading the Non-Traditional Security Centre at the Institute. Prior to joining
IDSA, she served as Deputy Secretary at the National Security Council
Secretariat and was Senior Editor with The Financial Express. She is a member
of the CSCAP Study Group on Energy Security as well as member of the Core Group
on Myanmar of the MEA`s Indian Council of World Affairs (ICWA).
In April 2009, she was awarded a Chevening Fellowship by the
Foreign and Commonwealth Office of the UK on completion of a course in
Economics of Energy at the Institute for Energy Research and Policy, University
of Birmingham, UK. She is also a member of the Editorial Board of IDSA`s
flagship journal, Strategic Analysis.
Her research focus is on Energy Security and she has
recently published a monograph on The Geopolitics of America`s Energy
Independence: Implications for China, India and the Global Energy Market. She
has written two books. The first, Rethinking Energy Security in India was
published in 2002, and this is her second book. She is also the co-editor of
Non-Traditional Security Challenges in Asia: Approaches and Responses,
published by Routledge in 2015, and has co-authored the IDSA Report on Security
Implications of Climate Change for India (2009), apart from writing several
peer-reviewed articles and papers focusing on Energy Security.