The geopolitical economy of a globalizing gas market

Bradshaw, Michael; Dutton, Joseph; Bridge, Gavin

doi:10.1093/acprof:oso/9780198719526.003.0016

Cited by 3 publications

(12 citation statements)

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“…The production of bituminous sands remains likewise limited to Canada. By contrast, following the boom of shale gas and oil production in the USA, we have seen immediate effects on the dynamics of market pricing, responses from competing actors such as LNG suppliers or OPEC to increase output, as well as growing efforts to exploit similar world deposits (Bradshaw et al, 2015b;Bridge and Le Billon, 2017;Neville et al, 2017;Stevens, 2010). Supported by technology transfer, these industries gradually take the place of more global arrangements, leading to the restructuring of markets.…”

Section: Economization: Divergent Temporal Politics In Materializinmentioning

confidence: 99%

“…Critical research in this field comprises political ecology analyses of local environmental hazards, social inequalities and grassroots resistance associated with expansive extraction (e.g. Christopherson and Rightor, 2014;Willow and Wylie, 2014;Zalik, 2015b), as well as political economy accounts of its implications for global energy markets (Bradshaw et al, 2015a(Bradshaw et al, , 2015bNeville et al, 2017). The allocation of swathes of land for fracking, in particular, is often seen as an extension of neoliberal appropriation of nature, which engulfs local communities while sustaining the order of the carbon-fuelled capitalist economy (Fry et al, 2015;Hudgins and Poole, 2014;Mercer et al, 2014).…”

Section: Introductionmentioning

confidence: 99%

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Resource-making controversies: Knowledge, anticipatory politics and economization of unconventional fossil fuels

Kama

2019

Progress in Human Geography

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Advancing relational accounts of ‘resource-making’ processes by deploying insights from science and technology studies, this article outlines crucial new lines of inquiry for geographical research on unconventional fossil fuels. The exploitation of various carbon-rich substitutes for hydrocarbons has rapidly expanded over the last two decades, to become a highly contentious issue which augments scientific dissensus and generates new collective engagements with the subsurface. The article invites geographers to examine the epistemically and politically transformative potential of such resource-making controversies in terms of reconfiguring: the production of geoscientific knowledge, anticipation of post-conventional energy systems, and temporal strategies of (de)economizing extractive futures.

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Section: Economization: Divergent Temporal Politics In Materializinmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Resource-making controversies: Knowledge, anticipatory politics and economization of unconventional fossil fuels

Kama

2019

Progress in Human Geography

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“…Growth in regasification capacity, for example, has enabled a significant spot market to develop, along with a growing proportion of short-term (four years or less) agreements for the sale and purchase of gas: together these now represent 29 percent of global LNG trade (71.9 MMTPA) compared to less than 5 percent of the LNG market by volume in 2000 (IGU 2016). However, a series of shocks have disrupted a general trajectory of increasing gas market integration via LNG (Bradshaw, Dutton, and Bridge 2015). Three shocks, in particular, have exacerbated the geographic unevenness of gas market globalization, and LNG flows and pricing terms continue to be strongly regionalized.…”

Section: From Lng Trade To Production Networkmentioning

confidence: 99%

“…In the latter case, the LNG importer has to accept the prevailing domestic market price, and the United Kingdom, for example, tends to be the market of last resort. Since 2008 prices between the Henry Hub and Asia (JCC) have sharply diverged, driven initially by growing domestic US production of shale gas (Bradshaw, Dutton, and Bridge 2015) and compounded by the shutdown of the nuclear power fleet in Japan and South Korea (which created an additional demand for gas). The scale and persistence of this price difference (which was as much as $15 per MMBTU) has encouraged innovation in LNG pricing.…”

Section: Pricing Innovationmentioning

confidence: 99%

“…At the same time, industry research tends to be uncritical in the sense that it seeks to talk up the future prospects for the industry, and often specific regions and projects, to reassure current and potential investors in the supply chain. Within economic geography, there is growing interest in understanding the geographic political economies of natural gas (e.g., Steen and Underthun 2011;Zalik 2011;Fry 2013;Andrews and McCarthy 2014;Bouzarovski, Bradshaw, and Wochnik 2015;Bradshaw, Dutton, and Bridge 2015). To date, however, there has been no systematic effort to analyze the structures and dynamics of the LNG sector and their territorial consequences.…”

Section: Researching Lng: An Introduction To the Sector And Our Reseamentioning

confidence: 99%

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Making a Global Gas Market: Territoriality and Production Networks in Liquefied Natural Gas

2017

Self Cite

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Energy markets are an important contemporary site of economic globalization. In this article we use a global production network (GPN) approach to examine the evolutionary dynamics of the liquefied natural gas (LNG) sector and its role in an emerging global market for natural gas. We extend recent work in the relational economic geography literature on the organizational practices by which production networks are assembled and sustained over time and space; and we address a significantly underdeveloped aspect of GPN research by demonstrating the implications of these practices for the territoriality of GPNs. The article introduces LNG as a technomaterial reconfiguration of natural gas that enables it to be moved and sold beyond the continental limits of pipelines. We briefly outline the evolving scale and geographic scope of LNG trade, and introduce the network of firms, extraeconomic actors, and intermediaries through which LNG production, distribution, and marketing are coordinated. Our analysis shows how LNG is evolving from a relatively simple floating pipeline model of point-topoint, binational flows orchestrated by producing and consuming companies and governed by longterm contracts, to a more geographic and organizationally complex production network that is constitutive of an emergent global gas market. Empirically the article provides the first systematic analysis within economic geography of the globalization of the LNG sector and its influence on global gas markets, demonstrating the potential of GPN (and related frameworks) to contribute meaningful analysis of the contemporary political economy of energy. Conceptually the article pushes research on GPN to realize more fully its potential as an analysis of network territoriality by examining how the spatial configuration of GPNs emerges from the organizational structures and coordinating strategies of firms, extraeconomic actors and intermediaries; and by recognizing how network territoriality is constitutive of markets rather than merely responsive to them.

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Debating Unconventional Energy: Social, Political, and Economic Implications

Neville

Baka

Gamper‐Rabindran

et al. 2017

Annu. Rev. Environ. Resour.

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The extraction of unconventional oil and gas-from shale rocks, tight sand, and coalbed formations-is shifting the geographies of fossil fuel production, with complex consequences. Following Jackson et al.'s (1) natural science survey of the environmental consequences of hydraulic fracturing, this review examines social science literature on unconventional energy. After an overview of the rise of unconventional energy, the review examines energy economics and geopolitics, community mobilization, and state and private regulatory responses. Unconventional energy requires different frames of analysis than conventional energy because of three characteristics: increased drilling density, low-carbon and "clean" energy narratives of natural gas, and distinct ownership and royalty structures. This review points to the need for an interdisciplinary approach to analyzing the resulting dynamic, multilevel web of relationships that implicate land, water, food, and climate. Furthermore, the review highlights how scholarship on unconventional energy informs the broader energy landscape and contested energy futures. 2.1

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The geopolitical economy of a globalizing gas market

Cited by 3 publications

References 0 publications

Resource-making controversies: Knowledge, anticipatory politics and economization of unconventional fossil fuels

Resource-making controversies: Knowledge, anticipatory politics and economization of unconventional fossil fuels

Making a Global Gas Market: Territoriality and Production Networks in Liquefied Natural Gas

Debating Unconventional Energy: Social, Political, and Economic Implications

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