Monetizing Natural Gas in the New “New Deal” Economy

1. Front Matter

   Pages i-lxxiv

   PDF

2. All Value Chains Begin Upstream

   • Michelle Michot Foss

   Pages 1-125

3. The Gas-Power Nexus

   • Gürcan Gülen

   Pages 127-187

4. Petrochemicals: An Industrial Renaissance?

   • Michelle Michot Foss, Gürcan Gülen, Danny Quijano, Barbara Shook

   Pages 189-234

5. LNG in the Global Context

   • Andy Flower

   Pages 235-285

6. Between the Old and New Worlds of Natural Gas Demand

   • Anna Mikulska, Gürcan Gülen

   Pages 287-361

7. Building Sustainable Natural Gas Markets

   • Michelle Michot Foss, Gürcan Gülen

   Pages 363-400

8. Conclusions and Path Forward

   • Michelle Michot Foss, Anna Mikulska, Gürcan Gülen

   Pages 401-439

9. Back Matter

   Pages 441-492

   PDF

Natural gas markets have undergone momentous changes, worldwide. This book updates and expands on the dynamics, performance and forward path of expanding natural gas use in the US and worldwide, including international trade. It brings together major research themes and findings with recent updates and analysis of new trends and developments. It also explores many considerations for natural gas market development, such as the importance of infrastructure, transparent pricing, and institutional capacity. This book is unique in providing background on the full natural gas value chain as well as information and analysis that can foster scenario-building and decision-making. Of particular value are the lessons learned and demonstrated for those countries that aspire to build effective natural gas markets and to expand natural gas development and use. 

• Energy Economics
• Natural Gas
• Green New Deal
• Value Chain
• Industrial Organization
• Energy Policy
• Power Market Design

"When I first started working in the natural gas industry, on the Natural Gas Policy Act of 1978, there was only one academic source on the industry from the Oklahoma University Law Review. 


For those wanting a soup to nuts review of the natural gas industry, I would highly recommend this book by Michelle Foss as your starting point. You will be delighted!!"


--Oliver G. (Rick) Richard III, past Chairman, Federal Energy Regulatory Commission





“Back in 2012, in my book “After the US Shale Gas Revolution”, I rightly forecasted that the surge in US oil and gas production combined with the European energy transition would deeply alter the energy and geopolitical landscapes. It is now time to revise our knowledge as energy transition is accelerating all over a post-Covid world that also is de-globalizing! This book provides the latest updates from abundant US upstream supply to global downstream demand, that should increase for at least another two decades thanks mostly to growing economies that need to prioritize economic and human development. A must-read for everyone that wants to grasp the complexity of our energy landscape”.

—Dr. Thierry Bros, Professor, Sciences Po Paris.

 “For those readers - experts, beginners and those in between, this book on the natural gas industry will be valuable. Full of historical analysis and also a deep insight into the current fast moving scenario. Gaining insight into the gas sector development is a complex learning experience. Here is a book which covers all different aspects of international gas industry”.

—Dr. Bhamy Shenoy, energy advisor in India.

“Through all of my years of knowing and interacting with the lead editor and her colleagues, it has always been about seeing where the facts lead us. And in this fact-laden, realistic look at natural gas supply and demand from a global view over the coming decades, I come away with a strong impression of natural gas as a vital, essential, permanent ingredient in our energy mix. This compelling work should inform our policy debate about how the world best addresses our energy and environmental goals.”

—Pat Wood III, past Chairman, Federal Energy Regulatory Commission and Public Utility Commission of Texas

• Baker Institute for Public Policy, Rice University, Houston, USA

  Michelle Michot Foss, Anna Mikulska

• West Brookfield, USA

  Gürcan Gülen

Michelle Michot Foss is Fellow in Energy, Minerals & Materials at Rice University's Baker Institute for Public Policy-Center for Energy Studies, USA. She has contributed widely recognized research on the natural gas/LNG industries. She has nearly 40 years of experience in energy/environment research, consulting and investment banking. Her professional engagements have entailed more than 20 countries, more than 40 with capacity building. She has numerous professional recognitions and awards.  She was past president of USAEE, IAEE and is a USAEE Senior Fellow.


Anna Mikulska is Nonresident Fellow in Energy Studies at Rice University's Baker Institute-CES, USA. She is also a senior fellow at University of Pennsylvania’s Kleinman Center for Energy Policy. Her research focuses on the geopolitics of natural gas within the EU, former Soviet Bloc and Russia. Her current interests include the potential use of natural gas as a geoeconomic tool and ways in which US LNG exports could bolster European energy security.  


Gürcan Gülen is an energy economist with 25 years of experience in research on oil, natural gas, and electric power value chains; related technical assistance; and customized capacity building in numerous countries. After nine years at the University of Houston and 13 years at the Bureau of Economic Geology (UT-Austin), he is now an independent consultant and continues to instruct in executive education programs. He is a USAEE Senior Fellow. 

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