FT Global Shale Energy Summit
 
8:15 am - 8:55 amRegistration
9:00 am - 9:05 amChair's’ Welcome and Introduction
 
Guy Chazan, Energy Editor, Financial Times
 
9:05 am - 9:30 amFT View from the Top: CEO Interview
 
Paolo Scaroni, Chief Executive Officer, Eni in conversation with Guy Chazan, Energy Editor, Financial Times
 
9:30 am - 10:20 amPanel: Burning Bright? The Future of US Shale

MODERATOR
Ed Crooks, US Industry and Energy Editor, Financial Times

PANELISTS:
John Hofmeister, Founder and CEO, Citizens for Affordable Energy, Former President of Shell Oil 
Edward Morse, Managing Director, Global Head of Commodities Research, Citi
Mark Brownstein, Associate Vice President & Chief Counsel, US Climate & Energy Program, Environmental Defense Fund
Peter Jackson, Vice President, Upstream Research, IHS

The discovery and development of shale resources, both oil and gas, has transformed the US energy landscape over the past decade, contributing to high profile claims that the US could become self sufficient in energy, and a major exporter of gas in the years head. Yet weak North American gas prices have put the shale industry under severe financial pressure, costs of recovery are being inflated by rising input costs, and questions are also being raised about the true potential and performance of reserves. Can the industry continue to grow, or is it beginning to bump against its limits? Are low gas prices and falling production levels a temporary blip, and set to recover? Will OPEC keep oil prices low to discourage oil shale development? How sustainable is the shale transformation?
 
10:20 am - 10.45 amKeynote Address: A European Strategy for Shale?

Janez Potočnik, European Commissioner for the Environment

10.45 am - 11.05 amNetworking Coffee Break
11:05 pm - 11:20 pmTackling the Challenges of Shale Development-a Risk Based Approach

Remi Eriksen, Chief Executive Officer, DNV Maritime and Oil & Gas

11:20 pm - 12:20 pmPanel: Will the Shale Revolution go Global?

MODERATOR:
Guy Chazan, Energy Editor, Financial Times

PANELISTS:
Remi Eriksen, Chief Executive Officer, DNV Maritime and Oil & Gas
Duarte Figueira, Head of the Office of Unconventional Gas and Oil, Department of Energy and Climate Change
Kurt Lonsway, Director of Energy, Environment and Climate Change, African Development Bank
Douglas E. Uchikura, Deputy General Director, Onshore Europe, Chevron Upstream Europe
Christof Rühl, Vice President and Group Chief Economist, BP

The shale revolution which has transformed the US could potentially go global. According to the US Energy Information Agency, at least 32 countries worldwide have shale gas potential which, if developed, could increase the world’s recoverable gas resources by more than 40 percent. Shale oil deposits globally are also reportedly huge, significantly more than conventional oil, and present in such counties as Russia, Brazil Jordan and Morocco. But just how replicable is the shale revolution outside of the US? Which countries have the right combination of favourable geology, developed service infrastructure, supportive policies and regulation, public support, sophisticated finance and other essential capabilities to develop these resources on a commentcial scale? What are the prospects for shale in Europe and in China?



12:20 pm - 12:45 pmEastern Approaches: Poland - A New Gas Power in Europe?

Piotr Woźniak, Chief National Geologist, Undersecretary of State, Ministry of Environment, Poland

12:45 pm - 1:10 pmKeynote Address or CEO interview

Maria van der Hoeven, Executive Director, International Energy Agency in conversation with Ed Crooks, US Industry and Energy Editor, Financial Times
 
1:10 pm - 2:20 pmNetworking Lunch
2:20 pm - 2:45 pmKeynote Address
 
Chris Finlayson, Chief Executive Officer, BG Group in conversation with Guy Chazan, Energy Editor, Financial Times
 
2:45 pm - 3:30 pmPanel: How Will Shale Transform /Reshape Global Energy Markets and LNG Trade?

MODERATOR:
Guy Chazan, Energy Editor, Financial Times

PANELISTS:
Gal Luft, Co-Director,Institute for the Analysis of Global Security,Senior Adviser,United States Energy Security Council
Charif Souki, Chairman and CEO, Cheniere Energy
Leo Drollas, Director and Chief Economist, Centre for Global Energy Studies (CGES), London
Eric Oudenot, Principal, The Boston Consulting Group

 If the world’s potential shale gas deposits were commercially exploited, global gas capacity could expand significantly and have a wide ranging impact on global energy and trade flows. If the US alone were to become an LNG exporter and all current applications for LNG export licences currently before the DOE were to be permitted, it is estimated that the US could export twice as much gas as Qatar, the current world leader in LNG exports. The result could be a radical transformation of the global LNG trade. Will the US become an exporter of LNG, successfully addressing current political, financial and planning challenges? What would it mean for other sources such as OPEC countries, for new deepwater fields off Africa and Brazil, and for the role of Russia in the global energy markets? Would it lead to the long-awaited global market for gas with a universal price decoupled from the price of oil? How would it impact gas prices?

3:30 pm - 3:50 pmNetworking Coffee Break


3:50 pm - 4:35 pmPanel: Sorting Frack from Fiction: Shale and the Transition to a Low-Carbon Economy

MODERATOR:
Pilita Clark, Environment Correspondent, Financial Times

PANELISTS:
Josh Fox, Director, Gasland and Gasland 2
Bill Richardson, Former Governor of New Mexico
Andrew Austin, Chief Executive Officer, IGas Energy
 
Beyond the positive impacts in terms of energy and economic transformation, the surge in shale is likely to have more complex impacts on our energy system than is widely assumed. Increasingly vocal protestors claim that fracking can release unacceptable levels of methane, plays havoc with water supplies and exacerbate global warning.  Governments in a number of counties have placed a monatorium on shale development.  There are also fears that the abundance of cheaper “cleaner” gas will crowd out renewables, nuclear and efficiency measures to curb emissions. Others argue that by replacing coal in power generation, shale is in fact beneficial to the environment with gas providing the essential bridging fuel to the low-carbon future. How significant are the protests regarding the environmental impacts of shale, and will they stop or delay shale oil and gas production? Will economic considerations triumph over environmental concerns? How good or bad is shale for the environment-does it helps mititigate, or exacerbate climate change? How is cheap gas changing the outlook for renewables and nuclear energy? Is the return of fossil fuels going to confine carbon-free energy to the margins? What will be the consequences for the environment if it does?


4:35 pm - 4:40 pmClosing Remarks from the Chair
 
Guy Chazan, Energy Editor, Financial Times