The role of conventional and unconventional natural gas in Indonesian energy security and the development of national economoic competitiveness
Year: 2011
Proceedings Title : Proc. Indon. Petrol. Assoc., 35th Ann. Conv., 2011
Unconventional Gas: Market Impacts and Future PromiseThe discovery and production of unconventional natural gas has changed the world of hydrocarbons dramatically. In what may represent the most significant impact on natural gas supply since the introduction of LNG, shale gas, coal seam methane and other unconventional sources have overturned existing assumptions about gas availability, costs and pricing. Increasingly, gas markets are experiencing gas-to-gas competition, a windfall opportunity for gas rich nations.This paper explores the changing nature of these relationships, with special attention to the already experienced impacts of new gas supplies in the Atlantic Basin markets and how these events may manifest changes in the Pacific region.The potential for an expanded role for Indonesia, as a key resource holder, for both domestic and international markets will be addressed.Domestic benefits will be increased energy security and lower cost energy to support enhanced economic competitiveness leading to the attraction of investment, job creation and improved social welfare.International benefits will include external revenue creation, increased regional influence and broader platform for the promotion of Indonesian interest.
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