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.
Several new producers are hoping to begin selling gas to Asia soon, including those in North America and East Africa, but with Russia entering this market in around 2018 at a competitive price, some may struggle.
The ongoing gas payment and pricing dispute between Russia and Ukraine escalated to worrying levels in mid-June, when Gazprom announced that it would cease supplying gas to Naftogaz – Ukraine’s state-owned energy company – unless payment was made in ad
The convoluted saga of the controversial South Stream pipeline has taken new twists and turns in recent weeks, with Gazprom and OMV signing an agreement for the Austrian section, and the government of Bulgaria saying it was suspending work on its secti