The Asia Pacific natural gas market: Large enough for all?
Among naturalgasproducingnations,therehasbeensomeconcernabouthowtheAsiaPacific willmeet future demandforenergy.Wearguethatnaturalgas,bothregionalandglobal,willplayavitalrole. Estimates ofpotentialgasconsumptionintheregionareanalyzedandusedtodevelopconsensus projections to2030.Theseconsumptionprofile...
| Main Authors: | , , |
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| Format: | Journal Article |
| Published: |
Elsevier Science
2014
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S0301421513010343# http://hdl.handle.net/20.500.11937/62429 |
| Summary: | Among naturalgasproducingnations,therehasbeensomeconcernabouthowtheAsiaPacific willmeet future demandforenergy.Wearguethatnaturalgas,bothregionalandglobal,willplayavitalrole. Estimates ofpotentialgasconsumptionintheregionareanalyzedandusedtodevelopconsensus projections to2030.Theseconsumptionprofiles arecomparedwithgassupplyestimatesincluding indigenous, pipelineandLNGfortheAsiaPacific market.Fromthisanalyticalframework,we find that demand willbesufficiently largetoaccommodatesuppliesfromdiversesourcesincludingNorth America, theMiddleEast,CentralAsia,Russia,andtheAsiaPacific itself.Animportantpolicyimplication is thatgasproducingandconsumingnationsshouldbenefit frompromotinggastradeandnotbe concerned aboutasituationofpotentiallackofdemandcoupledwithoversupply. |
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