EPRINC and IEEJ CoHost Virtual Workshop “Future of Asian LNG: Finding a Path Forward”

The Institute of Energy Economics Japan (IEEJ) and the Energy Policy Research Foundation, Inc. (EPRINC) have jointly hosted a virtual workshop, “Future of Asian LNG: Finding a Path Forward” on September 17, 2020, at 7:30 -11:00 am EDT (20:30 – 24:00 pm JST).
 
U.S., Japanese, and international experts, policy makers, and industry executives provided presentations and a discussion on government initiatives and market developments of importance in sustaining a path forward to LNG growth in the Indo-Pacific market. The workshop highlighted critical issues facing the LNG industry. 
 
Hon. Takeshi Soda, Director, Oil & Gas Division, Agency for Natural Resources, METI and Hon. Steve Winberg, Assistant Secretary, Fossil Energy, U.S. DOE kicked off the workshop. As in recent years, the workshop will also inform the joint IEEJ-EPRINC recommendations to be presented at the Annual LNG Consumer Producer Conference on October 12, 2020 in Tokyo.

The agenda for the event can be found here, and the link to the presentations from the workshop is here.

Max Pyziur Publishes “There Will Be Gas”

EPRINC’s Director of Downstream, Transportation Fuels, & Natural Gas Projects Max Pyziur has published a new paper entitled “There Will Be Gas” in which he assesses the U.S. natural gas supply in light of the recent low-price environment. He writes:

“With the advent of the COVID-19 pandemic in early 2020, world and U.S. crude oil prices collapsed. Price recovery is underway but it will take time before prices recover to $40-$50/bbl. These low prices are resulting in large reductions in U.S. crude oil production and its associated gas output. However, the U.S. resource base for natural gas, both dedicated (non-associated) and associated, remains vast. Companies may go bankrupt, but the geologic formations remain. A central question for policy makers and the U.S. petroleum industry is whether the current downturn in crude oil prices, particularly if it persists for a considerable period of time, will substantially alter the outlook for large and competitively priced natural gas supplies as a feedstock for LNG. This EPRINC report evaluates the potential for the U.S. to remain competitive as a major provider of LNG to the world market in a low oil price environment and what policies, if any, should be implemented to sustain the competitive outlook for the U.S.”

Max’s paper can be found here.

IEEJ and EPRINC Commentary on the Future of Asian LNG
As the 7th Annual LNG Producer Consumer Conference opens in Nagoya, Japan, Masakazu Toyoda, CEO of the Institute of Energy Economics Japan (IEEJ) and Lucian Pugliaresi, President of the Energy Policy Research Foundation, Inc (EPRINC) outlined the important role of  U.S.-Japan cooperation in meeting rising Asian LNG demand with U.S. shale gas exports.  Their views appear in two separate  articles published in the Nikkei Asian Review  and the Japan Times.

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