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The New Geopolitics of Natural Gas (Hardcover)
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The New Geopolitics of Natural Gas (Hardcover)
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We are in the midst of an energy revolution, led by the United
States. As the world's greatest producer of natural gas moves
aggressively to expand its exports of liquefied natural gas (LNG),
America stands poised to become an energy superpower-an
unanticipated development with far-reaching implications for the
international order. Agnia Grigas drills deep into today's gas
markets to uncover the forces and trends transforming the
geopolitics of gas. The boom in shale gas production in the United
States, the growth of global LNG trade, and the buildup of gas
transport infrastructure worldwide have so transformed the
traditional markets that natural gas appears to be on the verge of
becoming a true global commodity. Traditional suppliers like
Russia, whose energy-poor neighbors were dependent upon its gas
exports and pipelines, are feeling the foundations of the old order
shifting beneath their feet. Grigas examines how this new reality
is rewriting the conventional rules of intercontinental gas trade
and realigning strategic relations among the United States, the
European Union, Russia, China, and beyond. In the near term,
Moscow's political influence will erode as the Russian gas giant
Gazprom loses share in its traditional markets while its efforts to
pivot eastward to meet China's voracious energy needs will largely
depend on Beijing's terms. In this new geopolitics of gas, the
United States will enjoy opportunities but also face challenges in
leveraging its newfound energy clout to reshape relations with both
European states and rising Asian powers.
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