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.
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.
Contributed by: Avinash JeromeLakra, Senior Engineer, GAIL India
Most Asian countries will need to import more gas to meet demand growth, as production fails to grow at the same pace as consumption. Over the medium term, half of the anticipated increase in gas consumption will require additional imports.