Contributed by: KovidRawat, Research Analyst, Energias Market Research & Consulting
Asia-Pacific is a fast-evolving gas market characterized by destination restriction, orthodox policies and monopolistic domestic supply infrastructure. However, the scenario is set to change as major Asian countries are liberalizing the gas policies.
The Association of South East Asian Nations (ASEAN) celebrates its 50th anniversary this year. It consists of 10 countries, with a combined GDP of US$2.8 trillion, making it the 6th largest economy in the world.
Contributed by: QamarYasin, Research Associate, China University of Petroleum (East China)
In order to encourage pilot projects for the exploration and exploitation of shale gas in Pakistan and to make such discoveries commercially viable, the following special incentives are recommended for pilot projects testing and production phases:
Interview with LucaTonello, Deputy General Manager and Head of Project & Export Finance, Sumitomo Mitsui Banking Corporation
With LNG finding a role as a fuel of choice in new markets, there has been a significant increase in demand. The most notable increase comes from Asian markets, with China’s LNG consumption dramatically increasing by approximately 35% each year.
Contributed by: MatthewSecomb, Partner, White & Case LLP
Long-term LNG contracts with price review clauses continue to dominate the Asian LNG market. The pricing in those contracts remains predominantly oil-based. The evident reason for that is the absence of a reliable price signal for LNG itself in Asia.
Interview with Chong Zhi Xin, Principal Analyst for Asia Gas and Power, Wood Mackenzie
The arrival of new commodities traders dealing in LNG has caused a shift in the LNG market. Trading entities tend to be more responsive when it comes to meeting changing buyer demands. So what role will this play in the development of LNG hubs in Asi
Interview with JunBai, Deputy Director, Institute of International Energy, International Cooperation Center, National Development and Reform Commission
Gastech News: Following the first shipment of US LNG to China thanks to the newly expanded Panama Canal, how will the energy relationship between China and the US evolve? Will China become the most significant buyer of US LNG?
Contributed by: Ka-hoYu, Research Fellow, Center for International Energy Security Studies, Chinese Academy of Social Science
Since the Sino-Russian gas deal signed in May 2014, Sino-Russian gas cooperation has witnessed many ups and downs. Russia has been striving hard to carve out a niche in Chinese energy market but the process is not that effective.