CERA Week concentrates on strategies in turbulent times

09 February 2009 21:25  [Source: ICIS news]

HOUSTON (ICIS news)--A weeklong global energy conference that began on Monday will focus on the turbulent economy and its influence on energy strategies, according to its organisers.

The Houston conference, organised by Cambridge Energy Research Associates (CERA),  brings together senior executives and policymakers from around the world.

This year’s CERA Week agenda also includes how the industry will meet the large investment requirements and what the future of regulation and the role of government will be, especially with the new Obama administration, according to its organisers.

The collapse of the credit market has shocked the global economy, stifling the shift to new technologies and energy alternatives.

Over the past year, volatile and record-breaking energy prices placed energy policy and discussions at the forefront of presidential elections and mainstream news outlets.

CERA Week began on Monday with a speech by US congressman Edward Markey (Democrat- Massachusetts), chairman of the House Energy and Commerce Subcommittee on Energy and Environment.

Other highlights throughout the week include speeches and panel discussions by leaders of global energy giants BP, PetroChina, ConocoPhillips, Schlumberger and Shell.

Liquified natural gas (LNG) is set to make a push as a viable fuel source this year as more terminals and technology come online. Industry experts will debate how much market share LNG will occupy in the coming years, according to event organisers.

In addition, some of the world's biggest LNG players will discuss the pricing implications for gas if LNG gains wider influence globally.

Aubrey McClendon, the chairman and chief executive of the US's largest gas company, Chesapeake Energy, will talk about the trends in the global gas market.

The event organisers would not disclose attendance for the event but added it was roughly the same as last year’s numbers.

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By: Steven McGinn
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