United States Department of Energy Economist Shiyana Gunasekara discusses a white paper during the Partnership for Transatlantic Energy and Climate Cooperation event in Zagreb, Croatia in March 2023.
Who We Are
The Office of International Economic Opportunity develops and provides rigorous quantitative analysis of global energy markets and energy policy and quantifies the domestic economic benefits of bilateral and multilateral investments in a global clean energy transition. Through extensive analysis, the Office advances efforts to improve global energy security by reducing reliance on energy supplies from malign exporters.
Initiatives
- Monitor international energy markets to inform Department leadership of critical developments in trade and geo-economics
- Provide technical oil markets research and analysis in the design and implementation of a price cap on Russian oil exports
- Analyze current trade flows to assist in compliance and enforcement of sanctions and other export restrictions
- Lead natural gas and LNG analysis to support the U.S.', EU allies’, and the IEA's efforts to reduce natural gas demand and ensure supply security in response to Russia’s weaponization of energy supplies
United States Department of Energy Advisor Matt Manning (second from left) and Economist Shiyana Gunasekara (third from left) participate in a hydrogen applications workshop co-hosted by the U.S. Consulate General in Ho Chi Minh City, Vietnam.
Recent Highlights
As leading experts in their fields, the Office's energy economists have worked with and advised multiple international counterparts to help them better understand the economic benefits of adopting clean energy solutions and shift away from fossil fuels.
- At a hydrogen applications workshop co-hosted by the U.S. Consulate General in Ho Chi Minh City, Vietnam, the Office presented analysis on the economic opportunities and challenges in Vietnam for clean hydrogen development and how the DOE’s Hydrogen Hubs model intends to scale up clean hydrogen deployment by funding projects covering multiple segments of the value chain and how this framework could inspire emerging markets like Vietnam to integrate clean hydrogen markets at scale.
- The Office served as the staff lead on the United States’ participation in the IEA’s Task Force on Gas and Clean Fuels Market Monitoring and Supply Security, which culminated in a ministerial meeting on February 15, 2023, co-chaired by Secretary of Energy Jennifer Granholm.
- The Office built upon the success of the International Energy Agency’s (IEA) Special Ministerial on gas markets and security of supply and organized a panel at the Partnership for Transatlantic Energy and Climate Cooperation (P-TECC) of European experts from government, industry, and market regulation to discuss opportunities to collaborate on decarbonization and overall decreased fossil fuel consumption to achieve collective energy security goals.