Tue, 12 February 2013
Access to energy plays a critical role in the development of every country from the least developed to the most industrialized. The rapid development of one country in particular, China - the world's largest energy user - is predicted to have the greatest impact on global energy markets as hundreds of millions of Chinese are elevated to the middle class and China's domestic markets evolve. China is building domestic capacity and developing clean energy technologies while simultaneously looking outside its borders to invest in and secure energy sources around the world. From oil fields in Sudan, to hydroelectric power in Burma, to natural gas fields in south Texas, Canada and Australia, China is going abroad to invest in energy and bolster their reserve capacity.
In its quest for energy, China is increasingly engaging in public-private partnerships between its state-owned companies and energy producers worldwide, creating opportunities for international cooperation and coordination. However, China's going abroad strategy has not been without problems due to political and social instability in regions of investment, or backlash due to resource nationalism or other concerns regarding resource exploitation. China is also looking to attract private investment and technological assistance in unlocking its unconventional gas and oil supplies which could be a move toward reducing China's energy dependence.
Please join us for an in-depth conversation about the opportunities and challenges ahead for China in meeting their growing energy needs and the implications for global energy markets.
This series is presented by Chevron.
Speakers: Mikkal Herberg, Research Director on Asian Energy Security, The National Bureau of Asian Research
Seth Kleinman, Head of Energy Strategy, Citigroup Global Markets, Ltd.