Supply vulnerability of natural gas?importing countries in Asia

Gas supply interruptions, increasing gas prices, transportation and distribution bottlenecks, and a growing reliance on imports over longer distances have renewed interest on gas vulnerability in Asia. Japan, Korea and Taiwan are heavily reliant on LNG imports for their gas supplies from Malaysia, B...

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Main Authors: Cabalu, Helen, Manuhutu, Chassty
Format: Working Paper
Published: School of Economics and Finance, Curtin Business School 2008
Subjects:
Online Access:http://hdl.handle.net/20.500.11937/14107
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author Cabalu, Helen
Manuhutu, Chassty
author_facet Cabalu, Helen
Manuhutu, Chassty
author_sort Cabalu, Helen
building Curtin Institutional Repository
collection Online Access
description Gas supply interruptions, increasing gas prices, transportation and distribution bottlenecks, and a growing reliance on imports over longer distances have renewed interest on gas vulnerability in Asia. Japan, Korea and Taiwan are heavily reliant on LNG imports for their gas supplies from Malaysia, Brunei, Indonesia, Australia and the Middle East. Countries like Malaysia, Thailand and Singapore import gas via trans-border pipelines. This paper examines the relative vulnerability of eight gas-importing countries in Asia for the year 2006 using four market risk indicators (ratio of value of gas imports to GDP; ratio of gas consumed to GDP; ratio of gas consumed in an economy to population; and ratio of gas consumption to total primary energy consumption) and two supply risk indicators (ratio of domestic gas production to total domestic gas consumption and geopolitical risk). Using principal component analysis, a composite index of gas vulnerability is estimated by combining the individual indicators. The results demonstrate that there are significant differences in the values of individual and overall indicators of gas vulnerability among countries. Two individual indicators? ratio of value of gas imports to GDP and ratio of domestic gas production to total domestic gas consumption were more significant than the others in influencing the overall gas vulnerability results.
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institution Curtin University Malaysia
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publishDate 2008
publisher School of Economics and Finance, Curtin Business School
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spelling curtin-20.500.11937-141072017-01-30T11:41:31Z Supply vulnerability of natural gas?importing countries in Asia Cabalu, Helen Manuhutu, Chassty Gas supply gas vulnerability in Asia increasing gas prices Gas supply interruptions, increasing gas prices, transportation and distribution bottlenecks, and a growing reliance on imports over longer distances have renewed interest on gas vulnerability in Asia. Japan, Korea and Taiwan are heavily reliant on LNG imports for their gas supplies from Malaysia, Brunei, Indonesia, Australia and the Middle East. Countries like Malaysia, Thailand and Singapore import gas via trans-border pipelines. This paper examines the relative vulnerability of eight gas-importing countries in Asia for the year 2006 using four market risk indicators (ratio of value of gas imports to GDP; ratio of gas consumed to GDP; ratio of gas consumed in an economy to population; and ratio of gas consumption to total primary energy consumption) and two supply risk indicators (ratio of domestic gas production to total domestic gas consumption and geopolitical risk). Using principal component analysis, a composite index of gas vulnerability is estimated by combining the individual indicators. The results demonstrate that there are significant differences in the values of individual and overall indicators of gas vulnerability among countries. Two individual indicators? ratio of value of gas imports to GDP and ratio of domestic gas production to total domestic gas consumption were more significant than the others in influencing the overall gas vulnerability results. 2008 Working Paper http://hdl.handle.net/20.500.11937/14107 School of Economics and Finance, Curtin Business School fulltext
spellingShingle Gas supply
gas vulnerability in Asia
increasing gas prices
Cabalu, Helen
Manuhutu, Chassty
Supply vulnerability of natural gas?importing countries in Asia
title Supply vulnerability of natural gas?importing countries in Asia
title_full Supply vulnerability of natural gas?importing countries in Asia
title_fullStr Supply vulnerability of natural gas?importing countries in Asia
title_full_unstemmed Supply vulnerability of natural gas?importing countries in Asia
title_short Supply vulnerability of natural gas?importing countries in Asia
title_sort supply vulnerability of natural gas?importing countries in asia
topic Gas supply
gas vulnerability in Asia
increasing gas prices
url http://hdl.handle.net/20.500.11937/14107