Gas Market Integration: Global Trends and Implications for the EAS Region
AbstractEast Asia is already the main destination of the world’s commercial liquefied natural gas (LNG). However, the gas markets in the EAS area are either underdeveloped or fragmented. The objectives of this study are twofold, namely, i) to present a review of the trends in global gas market integration and ii) to draw implications and make recommendations for gas market development in the EAS area. To achieve the goal of an integrated gas market in the EAS region, governments in member economies must work together to implement a plan. Specifically, four recommendations are made to the EAS states: adopt a formal program to promote and nurture the development of gas markets in member states and phased sectoral reforms in relatively mature markets; set targets to gradually harmonise regulatory and technical standards in the gas sector; coordinate better to promote their “gas” causes; and boost cross-border connectivity and trading within the area and eventually achieve regional gas market integration.
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Bibliographic InfoPaper provided by The University of Western Australia, Department of Economics in its series Economics Discussion / Working Papers with number 11-20.
Length: 31 pages
Date of creation: 2011
Date of revision:
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Other versions of this item:
- Yanrui Wu, . "Gas Market Integration: Global Trends and Implications for the EAS Region," Chapters, Economic Research Institute for ASEAN and East Asia (ERIA).
- Yanrui WU, 2011. "Gas Market Integration: Global Trends and Implications for the EAS Region," Working Papers DP-2011-07, Economic Research Institute for ASEAN and East Asia (ERIA).
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Guillaume L¿Hégaret & Boriss Siliverstovs & Anne Neumann & Christian von Hirschhausen, 2003.
"International Market Integration for Natural Gas?: A Cointegration Analysis of Prices in Europe, North America and Japan,"
Discussion Papers of DIW Berlin
393, DIW Berlin, German Institute for Economic Research.
- Siliverstovs, Boriss & L'Hegaret, Guillaume & Neumann, Anne & von Hirschhausen, Christian, 2005. "International market integration for natural gas? A cointegration analysis of prices in Europe, North America and Japan," Energy Economics, Elsevier, vol. 27(4), pages 603-615, July.
- Guillaume L'Hegaret & Boriss Siliverstovs & Christian von Hirschhausen, 2004. "International Market Integration for Natural Gas? A Cointegration Analysis of Prices in Europe, North America and Japan," Working Papers 0402, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research.
- Mohammadi, Hassan, 2011. "Market integration and price transmission in the U.S. natural gas market: From the wellhead to end use markets," Energy Economics, Elsevier, vol. 33(2), pages 227-235, March.
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